Reuters

Amazon Accepts Visa Credit Cards in Global Truce over Fees

Amazon.com Inc has reached agreement with Visa Inc to accept its credit cards across its network, ending a standoff between the two that threatened to disrupt e-commerce payments and deal a blow to the U.S.-based payments processor. Details of the deal were not disclosed but Visa and other payments cards have faced increased pressure about […]

Foreign Tech Firms without Russian Offices Face Advertising Ban Within Weeks

Russia warned on Wednesday it would begin imposing advertising bans on large foreign technology companies that do not have official representation in the country by March, as Moscow advances efforts to exert greater control over the internet. Russian legislation has obliged foreign social media giants with more than 500,000 daily users to open offices in […]

UK Car Industry Calls for EV Charger Mandate, Regulatory Oversight

Britain’s auto industry called on the country’s government on Wednesday to mandate targets for rolling out electric vehicle (EV) charging infrastructure and create a new regulatory body to oversee the market conditions and enforce minimum standards. The Society of Motor Manufacturers and Traders (SMMT) said in a statement that the industry has come up with […]

Telenor Investors Scrutinize Myanmar Sale

Several investors in Telenor are seeking assurances from the Norwegian telecoms company that customer data will be protected following the sale of its operations in Myanmar. Myanmar’s military rulers have given the go-ahead for a local company, Shwe Byain Phyu, to own most of Telenor’s business in the Southeast Asian country, under a deal to […]

China's Potential mRNA COVID Vaccine Weaker Against Omicron-Study

A Chinese mRNA vaccine candidate showed a sharp drop in neutralising antibody activity against Omicron in a small study, but a booster readily induced antibody production in animal tests, researchers said. The ARCoV vaccine, jointly developed by the Academy of Military Medical Sciences (AMMS), Suzhou Abogen Biosciences and Walvax Biotechnology, is being tested in an […]

Cooperman, Lone Pine Among Funds that Dumped Meta Before Earnings Rout

Billionaire Leon Cooperman, hedge fund Lone Pine Capital, and mutual fund manager Polen Capital were among firms that greatly reduced their positions in Facebook-parent Meta Platforms Inc in the quarter that ended Dec. 31, potentially protecting them from some losses during the company’s record one-day plunge in Feb, according to securities filings released on Monday. […]

Canada's Trudeau Invokes Emergency Powers in Bid to End Protests

Canadian Prime Minister Justin Trudeau on Monday activated rarely used emergency powers in an effort to end protests that have shut some U.S. border crossings and paralyzed parts of the capital. Under the Emergencies Act, the government introduced measures intended to cut off protesters’ funding and took steps to reinforce provincial and local law enforcement […]

In Shadow of KKR Approach, Telecom Italia to Discuss Overhaul

Telecom Italia (TIM) directors will on Monday discuss a plan to reorganise Italy’s biggest telecoms group as newly appointed Chief Executive Pietro Labriola tries to forge an alternative to a takeover approach by U.S. fund KKR . The debt-laden former phone monopoly is considering splitting its domestic business into an infrastructure entity and a separate […]

Germans Pin Hopes on Novavax Moving the Needle Among Anti-Vaxxers

Benedikt Richter, a 40-year-old teacher in the southwest German city of Kaiserslautern, long held out against getting vaccinated against COVID-19. He felt uneasy about the novelty of the mRNA technology used in two of the most commonly administered shots. It did not help that his sister-in-law was hospitalised with heart muscle inflammation a day after […]

Marketplace Suspends Most NFT Sales, Citing 'Rampant' Fakes and Plagiarism

The platform which sold an NFT of Jack Dorsey’s first tweet for $2.9 million has halted most transactions because people were selling tokens of content that did not belong to them, its founder said, calling this a “fundamental problem” in the fast-growing digital assets market. Sales of NFTs, or non-fungible tokens, soared to around $25 […]