Schwab says high volumes and technical issue with key vendor triggered Monday's outage
reuters.com/business/finance/schwab-says-high-volumes-technical-issue-with-key-vendor-triggered-mondays-2024-08-06/
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Finland plans to ban Russians from buying property: Finland's government is proposing to ban most Russian citizens from buying property in the Nordic country in ...
reuters.com/world/europe/finland-plans-ban-russians-buying-property-2024-09-02/
Finland to Ban Russians From Buying Property on Security Grounds: Finland unveiled plans for a full ban on property acquisitions by some foreign nationals as ...
bloomberg.com/news/articles/2024-09-02/finland-to-ban-russians-from-buying-property-on-security-grounds
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Well-timed GameStop options trade scores $550K profit after Roaring Kitty post: A well-timed trade in GameStop's options reaped a handsome profit on Friday after ...
reuters.com/business/well-timed-gamestop-options-trade-scores-550k-profit-after-roaring-kitty-post-2024-09-06/
X global affairs head Nick Pickles resigns: X's global affairs head Nick Pickles said on Thursday he is quitting after a decade with the social media company ...
reuters.com/technology/x-global-affairs-head-nick-pickles-resigns-2024-09-06/
Quick Glance: Nick Pickles Departs from X Amid Challenges
- Nick Pickles, vice president of global affairs at X, is leaving the company after over 10 years.
- He has been a key figure in public policy since 2022 and a close associate of CEO Linda Yaccarino.
- Pickles announced he will take time off before pursuing a new challenge.
- His departure comes during Elon Musk's controversial battles with governments and regulators around the world.
Volkswagen warns of German plant closures, end to job security scheme: Volkswagen is considering closing factories in Germany for the first time ...
reuters.com/business/autos-transportation/volkswagen-warns-possible-plant-closures-germany-2024-09-02/
Quick Glance: VW Management Defends Cost-Cutting Amid Employee Outcry
- The VW leadership defended its cost-cutting measures at a workforce meeting, where employees voiced strong protests.
- Production overcapacities were identified, as sales in Europe have significantly declined, with plant closures and layoffs not ruled out.
- Works council chair Daniela Cavallo announced fierce opposition to the proposed measures and called for a return to technological leadership.
- Federal Labor Minister Hubertus Heil emphasized the need to secure all locations and called for negotiations to address VW's economic challenges.
Exclusive: Silicon Valley wish-list for Harris - abortion rights, pro-tech policies
reuters.com/world/us/silicon-valley-backers-want-harris-prioritize-abortion-rights-pro-tech-policies-2024-08-28/
Quick Glance: Silicon Valley's Key Priorities for Harris: Rights and Tech
- Venture capitalists back Kamala Harris, emphasizing women's rights, climate change, and a pro-tech agenda.
- A survey of 225 supporters reveals a near-universal belief that overturning Roe v. Wade was a mistake.
- Respondents call for knowledgeable leadership in technology and an increase in skilled visas for the U.S. government.
- While Harris garners support, some business leaders express concerns about the Democratic Party's current stance.
Finland to spend more on defence, NATO and security: Finland's ruling centre-right coalition plans to spend more on NATO membership, defence and security in 2025 ...
reuters.com/world/europe/finland-spend-more-defence-nato-security-2024-09-03/
Finland Unveils Budget in Deficit for 17th Year in a Row: Finland’s coalition government needed just one day to hammer out a budget for next year ...
bloomberg.com/news/articles/2024-09-03/finland-unveils-budget-in-deficit-for-17th-year-in-a-row
Paid articlePaywallFinland's Fortum starts using U.S. nuclear fuel in bid to reduce Russian dependence
reuters.com/business/energy/finlands-fortum-starts-using-us-nuclear-fuel-bid-reduce-russian-dependence-2024-09-02/
YLE: Finland raised reimbursements for private medical care, to almost no effect: Despite the Finnish government spending significantly more on reimbursements ...
helsinkitimes.fi/finland/finland-news/domestic/25584-yle-finland-raised-reimbursements-for-private-medical-care-to-almost-no-effect.html
Irish consumer watchdog opens Ticketmaster probe over Oasis shows: Ireland's consumer watchdog on Friday said it has launched an investigation into Ticketmaster ...
reuters.com/world/uk/irish-consumer-watchdog-opens-ticketmaster-probe-over-oasis-shows-2024-09-06/
Durov says Telegram will tackle criticism of how it moderates content: Telegram boss Pavel Durov said on Friday that the messaging app would tackle criticism of ...
reuters.com/technology/durov-says-telegram-will-take-new-approach-towards-moderation-2024-09-06/
Quick Glance: Challenges of Free Speech in the Digital Age
- Tensions between free speech absolutism and legal standards were highlighted by the arrest of Pavel Durov in France and the shutdown of X in Brazil.
- Elon Musk expressed fury over Brazil's Supreme Court decision to close X, labeling the actions as censorship while the court held X accountable for promoting hate speech.
- The European Commission has targeted X under the new Digital Services Act, accusing it of breaching EU laws, potentially leading to significant fines or a ban.
- The current landscape indicates that absolute free speech in the digital realm can lead to commercial vulnerability, as platforms face increasing accountability for the content they host.
Bank of Canada cuts rate by 25 bps, says bigger cuts possible: The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 4 ...
reuters.com/markets/bank-canada-cuts-rates-third-time-row-frets-over-weak-growth-2024-09-04/
Quick Glance: Bank of Canada Plans Further Rate Cuts for Growth
- The Bank of Canada is expected to lower its key interest rate by 25 basis points due to rising unemployment and disappointing economic growth.
- This would reduce the rate to 4.25%, following a total cut of 50 basis points in the last two meetings.
- Canada's inflation rate dropped to 2.5% in July, reinforcing the case for further rate cuts.
- Economists predict additional reductions by the end of the year, with around 70% anticipating cuts in October and December.
Red Lobster receives court approval for sale to Fortress: Restaurant chain Red Lobster on Thursday received court approval for a restructuring that will allow ...
reuters.com/business/retail-consumer/red-lobster-receives-court-approval-sale-fortress-2024-09-05/
Disney, DirecTV fail to reach distribution deal: Walt Disney and satellite TV provider DirecTV did not reach a new distribution deal for ESPN ...
reuters.com/business/media-telecom/disney-directv-fail-reach-distribution-deal-2024-09-01/
Quick Glance: Disney Channels Go Dark on DirecTV Amid Dispute
- ESPN and other Disney channels went off DirecTV due to an unresolved carriage agreement.
- The USTA and sports fans expressed frustration during the U.S. Open and college football games.
- DirecTV criticized Disney for lack of accountability and called for fair terms.
- The debate over a la carte channel offerings and the shift of content to direct-to-consumer services remains a key issue.
Final journey for Finland’s first satellite: Aalto-1’s historic mission comes to an end
helsinkitimes.fi/finland/finland-news/domestic/25579-final-journey-for-finland-s-first-satellite-aalto-1-s-historic-mission-comes-to-an-end.html
Italy's president says need to bring down public debt is "inescapable": Italy's president said there was an "inescapable need" to bring down the country's ...
reuters.com/markets/europe/italys-president-says-need-bring-down-public-debt-is-inescapable-2024-09-06/
China offers Africa billions in fresh financing, promises 1 million jobs: President Xi Jinping pledged on Thursday to step up China's support across debt-laden ...
reuters.com/world/china-deepen-industrial-agricultural-trade-investment-ties-with-africa-2024-09-05/
Italian state railways will consider bringing in private investors, CEO says: Italian railways operator Ferrovie dello Stato will study whether to seek outside ...
reuters.com/world/europe/italian-state-railways-will-consider-bringing-private-investors-ceo-says-2024-09-07/
BRICS New Development Bank authorizes Algeria to join: Algeria has been authorised to become a member of the BRICS New Development Bank (NDB) ...
reuters.com/world/algeria-authorised-join-brics-bloc-2024-08-31/
Sweden's foreign minister says he will step down: Sweden's Foreign Minister Tobias Billstrom will step down next week, he wrote in a post on social media ...
reuters.com/world/europe/swedens-foreign-minister-says-he-will-step-down-2024-09-04/
Energy: Helsinki gets a huge heat pump from MAN: From winter 2026/2027, 30,000 households in Helsinki are to be heated by a huge heat pump ...
heise.de/news/Energie-Helsinki-bekommt-riesige-Waermepumpe-von-MAN-9851251.html
New iPhone will use Arm’s chip technology for AI, FT reports: Apple’s latest A18 chip, which is set to be unveiled at an event on Monday, has been developed ...
reuters.com/technology/new-iphone-will-use-arms-chip-technology-ai-ft-reports-2024-09-07/
Italy calls for early review of EU combustion engine ban: The European Union should decide already next year whether to rethink regulation that effectively bans ...
reuters.com/world/europe/italy-calls-early-review-eu-combustion-engine-ban-2024-09-07/
Nigeria and China sign economic, nuclear energy pact: Nigeria and China agreed to strengthen ties in the Belt and Road initiative, human resources development ...
reuters.com/world/nigeria-china-sign-economic-nuclear-energy-pact-2024-09-03/
UK house prices post biggest annual gain since late 2022, Halifax says: British house prices rose last month at the fastest annual pace since late 2022 ...
reuters.com/world/uk/uk-house-prices-post-biggest-annual-gain-since-late-2022-halifax-says-2024-09-06/
Quick Glance: UK Home Prices Surge in August Amid Market Recovery
- UK house prices rose by 4.3% in August, marking the largest annual gain since November 2022.
- A decrease in interest rates by the Bank of England has contributed to the revitalization of the housing market.
- Halifax anticipates continued modest growth in house prices through the end of the year.
- The Labour Party aims to reform the planning system and set targets to expedite housing development.
US Treasury's Yellen says may meet with Chinese counterpart: U.S. Treasury Secretary Janet Yellen said on Saturday that she may have another meeting soon with ...
reuters.com/markets/us/us-treasurys-yellen-says-may-meet-with-chinese-counterpart-2024-09-07/
British second-class mail deliveries could be scrapped on Saturdays: Royal Mail could be allowed to drop second-class letter deliveries on Saturdays under ...
reuters.com/world/uk/british-second-class-mail-deliveries-could-be-scrapped-saturdays-2024-09-05/
Influencers continue aggressive tax planning through holding company arrangements
helsinkitimes.fi/finland/finland-news/domestic/25563-influencers-continue-aggressive-tax-planning-through-holding-company-arrangements.html
Finnish electronic dance music surges in popularity: A growing movement with international ambitions
helsinkitimes.fi/culture/25581-finnish-electronic-dance-music-surges-in-popularity-a-growing-movement-with-international-ambitions.html
Novo Nordisk's Ozempic shortage expected to continue into Q4: Novo Nordisk said the shortage of lower strengths of its diabetes drug Ozempic has deteriorated ...
reuters.com/business/healthcare-pharmaceuticals/novo-nordisks-ozempic-shortage-expected-continue-into-q4-2024-09-02/
Top super PAC backing Kamala Harris to accept cryptocurrency donations: A top super political action committee (PAC) backing U.S. Vice President and Democratic ...
reuters.com/world/us/top-super-pac-backing-kamala-harris-accept-cryptocurrency-donations-2024-09-05/
Reports of dollar's demise are greatly exaggerated, JPMorgan says: Suggestions that the dollar's dominance of the global financial system is ending are wide of ...
reuters.com/markets/us/reports-dollars-demise-are-greatly-exaggerated-jpmorgan-says-2024-09-04/
Magnitude 6 earthquake strikes north coast of Papua New Guinea, GFZ says: An earthquake of magnitude 6 struck near the north coast of Papua New Guinea on ...
reuters.com/world/magnitude-6-earthquake-strikes-north-coast-papua-new-guinea-gfz-says-2024-09-05/
Telegram CEO arrested over probe into child porn, drug trafficking on app: A police spokesman said Pavel Durov is under investigation for failing to cooperate ...
reuters.com/world/europe/pavel-durov-has-nothing-hide-telegram-says-arrested-founder-2024-08-26/
Quick Glance: Durov's Arrest: A Power Struggle Between States and Firms
- Pavel Durov, founder of Telegram, was arrested in France for alleged complicity in illegal activities.
- Experts regard Telegram as a safe haven for extremist content and calls for violence.
- Durov's arrest may have significant implications for social media regulation and the power dynamics between states and private companies.
- The UK government could seize the opportunity to revise online safety laws and enhance tech firms' accountability for illegal content.
Exclusive: Elliott now owns enough of Southwest Airlines to call special meeting: Elliott Investment Management now holds 10% of Southwest Airlines' common stock ...
reuters.com/business/aerospace-defense/elliott-now-owns-enough-southwest-airlines-call-special-meeting-2024-09-02/
Durov says French authorities should have complained to Telegram, not detained him
reuters.com/world/europe/durov-says-french-authorities-should-have-complained-telegram-not-detained-him-2024-09-05/
From the county to Finland: Ann-Sophie Schroven, a media design apprentice at Grafschafter Nachrichten (GN), spent four weeks at a vocational school in Tampere ...
gn-online.de/empfohlen/von-der-grafschaft-nach-finnland-549595.html
Finnish government takes important steps to ease barriers for skilled immigration, but concerns remain
helsinkitimes.fi/finland/finland-news/domestic/25586-finnish-government-takes-important-steps-to-ease-barriers-for-skilled-immigration-but-concerns-remain.html
European shares slide ahead of US payrolls report: European shares slipped for a fifth straight session on Friday as caution prevailed ahead of the crucial U.S ...
reuters.com/markets/europe/european-shares-slide-ahead-us-payrolls-report-2024-09-06/
Kenya suffers second major blackout in week, some power back: Kenya suffered its second major blackout in a week on Friday, but electricity was restored in some ...
reuters.com/business/energy/kenya-suffers-second-major-blackout-week-some-power-back-2024-09-06/
Consumer confidence remains weak and unchanged in August 2024: Consumer confidence in Finland remained stagnant and weak in August 2024, according to the latest ...
helsinkitimes.fi/business/25572-consumer-confidence-remains-weak-and-unchanged-in-august-2024.html
Ethiopian Airlines says it has stopped flights to Eritrea: Ethiopia's state-owned carrier Ethiopian Airlines said it has suspended flights to neighbouring ...
reuters.com/world/africa/ethiopian-airlines-says-it-has-stopped-flights-eritrea-2024-09-03/
Moody's upgrades outlook on global reinsurers to positive from stable: Moody's Ratings upgraded its outlook on global reinsurers to positive from stable owing to ...
reuters.com/markets/moodys-upgrades-outlook-global-reinsurers-positive-stable-2024-09-03/
Politicians should listen to immigrants already in Finland, researcher says: "If you want people to stay, you should listen to those who are already here ...
yle.fi/a/74-20106871
Finland faces growing crisis with 20,000 stray cats roaming the streets: Finland is grappling with a significant animal welfare issue as an estimated 20 ...
helsinkitimes.fi/finland/finland-news/domestic/25573-finland-faces-growing-crisis-with-20-000-stray-cats-roaming-the-streets.html
Social media platform X down for thousands of users globally, Downdetector shows: Social media platform X experienced outages late on Tuesday, with over 36 ...
reuters.com/technology/social-media-platform-x-down-thousands-users-downdetector-shows-2024-08-28/
Japan's first casino resort likely to open in late 2030, media report: Japan's first casino resort is likely to open in the western city of Osaka in late 2030 as ...
reuters.com/markets/asia/japans-first-casino-resort-likely-open-late-2030-report-2024-09-07/
Commercial insurance prices may not yet be coming down, Lloyd's chairman says: Commercial insurance premiums may not yet be turning lower despite years of ...
reuters.com/business/finance/lloyds-london-reports-26-jump-h1-profit-2024-09-05/
South Korea police launch probe into whether Telegram abets online sex crimes, Yonhap reports
reuters.com/world/asia-pacific/south-korea-police-launch-probe-into-telegram-over-online-sex-crimes-yonhap-2024-09-02/
Quick Glance: South Korea Investigates Telegram for Deepfake Sex Crimes
- South Korean police have initiated an investigation into Telegram.
- The inquiry will assess whether Telegram facilitated the distribution of sexually explicit deepfake content.
- Authorities are urging Telegram and other platforms to cooperate in combating such materials.
- Telegram claims to actively moderate harmful content, removing millions of pieces daily.
Coke and Pepsi boycott over Gaza lifts Muslim countries' local sodas: Coca-Cola and rival PepsiCo spent hundreds of millions of dollars over decades building ...
reuters.com/business/retail-consumer/coke-pepsi-boycott-over-gaza-lifts-muslim-countries-local-sodas-2024-09-04/
Ghana set to raise cocoa farmgate price by nearly 45%, sources say
reuters.com/markets/commodities/ghana-set-raise-cocoa-farmgate-price-by-nearly-45-sources-say-2024-09-02/
Britain may lose $16 billion with North Sea tax changes, industry body says: The British government's proposed plans to increase a windfall tax on North Sea oil ...
reuters.com/business/energy/britain-may-lose-16-billion-with-north-sea-tax-changes-industry-body-says-2024-09-01/
Four victims on Mike Lynch yacht died of suffocation, autopsies suggest: Initial examinations of four of the people killed when British tech tycoon Mike Lynch's ...
reuters.com/world/europe/four-victims-mike-lynch-yacht-died-suffocation-autopsies-suggest-2024-09-05/
Bank of England allots record 40 billion pounds in weekly repo: The Bank of England allotted a record 40.29 billion pounds ($53.02 billion) in seven-day funds in ...
reuters.com/markets/rates-bonds/bank-england-allots-record-40-billion-pounds-weekly-repo-2024-09-05/
Draghi says EU is falling behind its rivals in competitiveness: The European Union is falling behind global rivals due to limited innovation ...
reuters.com/markets/europe/draghi-says-eu-is-falling-behind-its-rivals-competitiveness-2024-09-04/
Japanese companies cannot use national security cover to block takeovers, official says
reuters.com/markets/deals/japanese-companies-cannot-use-national-security-cover-block-takeovers-official-2024-09-03/
Volvo Trucks to launch electric truck with 600 km range: Sweden's Volvo will launch a long-range variant of its FH Electric truck, capable of covering up to 600 ...
reuters.com/business/autos-transportation/volvo-trucks-launch-electric-truck-with-600-km-range-2024-09-03/
Finnish government launches anti-racism campaign, drawing criticism and exposing old divisions
helsinkitimes.fi/finland/finland-news/politics/25562-finnish-government-launches-anti-racism-campaign-drawing-criticism-and-exposing-old-divisions.html
Finland raises baseline value-added tax rate by 1.5 percentage points to 25.5%: THE BASELINE RATE for Finland’s value-added tax was raised from 24 to 25 ...
helsinkitimes.fi/finland/finland-news/domestic/25577-finland-raises-baseline-value-added-tax-rate-by-1-5-percentage-points-to-25-5.html
Sweden to scrap aviation tax next year: Sweden will scrap its tax on airline tickets from the middle of next year, aiming to reduce prices and boost availability ...
reuters.com/business/aerospace-defense/sweden-scrap-aviation-tax-next-year-2024-09-03/
HS: Basis of Finnish government’s climate policy measures under scrutiny at VTV: CLIMATE MEASURES of the Finnish government are under scrutiny at the National ...
helsinkitimes.fi/finland/finland-news/domestic/25570-hs-basis-of-finnish-government-s-climate-policy-measures-under-scrutiny-at-vtv.html
Stellantis to recall about 1.2 million vehicles, US regulators say: Stellantis owned Chrysler is recalling 1,227,808 U.S. vehicles as a disabled electronic ...
reuters.com/business/autos-transportation/stellantis-recall-about-12-million-vehicles-us-regulators-say-2024-09-07/
Nigeria's NNPC says not sole buyer of Dangote gasoline: Nigeria's state-owned oil firm NNPC Ltd said on Saturday it will not be the sole buyer of gasoline from ...
reuters.com/world/africa/nigerias-nnpc-says-not-sole-buyer-dangote-gasoline-2024-09-07/
Yle ID: You can use your Yle ID to log in to all Yle services, including Areena and Yle.fi, and your ID provides you with a personalised user experience and the ...
yle.fi/aihe/yle-tunnus/yle-id
Fed seeks feedback on emergency lending operations: The Federal Reserve said on Thursday it was seeking feedback on how it operates its "discount window ...
reuters.com/business/finance/fed-seeks-feedback-emergency-lending-operations-2024-09-05/
China to make 'fair' final ruling on EU brandy imports: China will make an "objective" and "fair" final ruling on brandy imported from the European Union ...
reuters.com/markets/commodities/china-make-fair-final-ruling-eu-brandy-imports-2024-09-05/
Fitch upgrades Ukraine's local-currency rating to 'CCC+' after debt restructuring
reuters.com/markets/currencies/fitch-upgrades-ukraines-local-currency-rating-ccc-2024-09-05/
A New York oasis lies in path of city's push to build housing: A beloved public garden in lower Manhattan may soon become a casualty of New York's push to ...
reuters.com/world/us/new-york-oasis-lies-path-citys-push-build-housing-2024-09-07/
Volkswagen's German battery plant to stay at half capacity amid cost pressures
reuters.com/business/autos-transportation/volkswagens-german-battery-plant-stay-half-capacity-amid-cost-pressures-2024-09-06/
Applied Digital surges 65% on funding deal with investors, including Nvidia: Applied Digital shares soared nearly 65% to hit their highest level in more than a ...
reuters.com/technology/applied-digital-surges-funding-deal-with-investors-including-nvidia-2024-09-05/
Finnish border guards granted authority to track mobile phones on Russian border: The Finnish Border Guard has been granted new powers, specifically to conduct ...
pravda.com.ua/eng/news/2024/08/22/7471376/
Private equity spoils of war bound to spread again: The metamorphosis from “private equity” to “alternative asset management” has been lucrative ...
reuters.com/breakingviews/private-equity-spoils-war-bound-spread-again-2024-09-05/
Eurogroup president hails 'new footing' in UK-EU relations: Britain and the European Union must turn their "first steps" to rebuild trust into a "steady walk" as ...
reuters.com/world/europe/eurogroup-president-hails-new-footing-uk-eu-relations-2024-09-03/
Conflict, creditors and a car crash: How Ukraine clinched a wartime debt restructuring
reuters.com/markets/europe/conflict-creditors-car-crash-how-ukraine-clinched-wartime-debt-restructuring-2024-09-03/
UBS would be given time to adjust capital levels, says SNB's Jordan: UBS would be given time to build up the necessary capital buffers to protect itself against ...
reuters.com/business/finance/ubs-would-be-given-time-adjust-capital-levels-says-snbs-jordan-2024-09-07/
Honeywell names Mike Stepniak new CFO: Honeywell on Thursday named insider Mike Stepniak its new chief financial officer as incumbent Greg Lewis has decided to ...
reuters.com/technology/honeywell-names-mike-stepniak-new-cfo-2024-09-05/
China’s global battery ram will be hard to stop: China’s electric cars have zoomed into a new era of battery-powered driving. Now models such as BYD’s Seal and ...
reuters.com/breakingviews/chinas-global-battery-ram-will-be-hard-stop-2024-09-06/
Brazil's HBR Realty files eviction action against WeWork: Brazilian real estate firm HBR Realty said on Tuesday it has filed an eviction action against WeWork ...
reuters.com/business/brazils-hbr-realty-files-eviction-action-against-wework-2024-09-03/
Indian carrier SpiceJet restructures dues to Carlyle Aviation: India's SpiceJet on Friday said it will convert about $97 million of its dues to the commercial ...
reuters.com/world/india/indian-carrier-spicejet-restructures-dues-carlyle-aviation-2024-09-06/
Quick Glance: SpiceJet Restructures Liabilities to Carlyle Aviation
- SpiceJet plans to convert approximately $97 million in dues into equity and debentures.
- The budget airline has struggled to fully restore operations despite multiple fundraising efforts over the past year.
- India's aviation regulator placed SpiceJet under enhanced surveillance following an audit that revealed deficiencies.
- The carrier will issue $30 million worth of shares to Carlyle and transfer $20 million in debentures from its cargo subsidiary SpiceXpress.
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