Category Archives:
Facebook given record $1.3 billion fine, given 5 months to stop EU-US data flows
By Padraic Halpin DUBLIN (Reuters) - Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead privacy regulator in the European Union for its handling of user information and given ...
May 22, 2023
Meta hit by record 1.2 billion euro fine by EU over U.S. data transfers
DUBLIN (Reuters) - Meta was hit on Monday with a record 1.2 billion euro ($1.3 billion) fine by its lead privacy regulator in the European Union for its handling of user information and given five mon...
May 22, 2023
State Street to offer proxy voting choices to retail investors
By Ross Kerber (Reuters) - State Street Corp will offer retail fund investors proxy voting choices, the firm said on Monday, moving ahead of rivals with a strategy that could blunt criticism of index ...
May 22, 2023
Applied Materials to invest $4 billion in Silicon Valley chip research center
By Jane Lanhee Lee and Stephen Nellis SANTA CLARA, California (Reuters) - U.S. semiconductor toolmaker Applied Materials Inc on Monday said it plans to spend up to $4 billion on a research center in t...
May 22, 2023
Meta fined $1.3 billion over data transfers to US – WSJ
(Reuters) - Facebook owner Meta Platforms Inc has been fined $1.3 billion by European Union privacy regulators for sending user information to the United States, the Wall Street Journal reported on Mo...
May 22, 2023
Exclusive-Malaysian tycoon weighs selling a stake in $2.7 billion port business -sources
By Yantoultra Ngui SINGAPORE (Reuters) - Malaysian tycoon Syed Mokhtar Al-Bukhary is looking at bringing in an investor into MMC Port Holdings - a deal that could value the country's biggest port oper...
May 22, 2023
Bangladesh struggles to pay for fuel imports as dollar crisis worsens -letters
By Ruma Paul DHAKA (Reuters) - Bangladesh is struggling to pay for imported fuel because of a dollar shortage, letters reviewed by Reuters show, with the state petroleum company owing more than $300 m...
May 22, 2023
German economy shows resilience but lacks momentum – DIHK survey
BERLIN (Reuters) - The German economy is showing resilience in a challenging economic environment but growth will remain muted this year, the DIHK Chambers of Commerce and Industry said on Monday, kee...
May 22, 2023
India’s PhonePe raises additional $100 million from General Atlantic
BENGALURU (Reuters) -Walmart Inc-owned Indian payments firm PhonePe on Monday said that it has secured an additional $100 million from private equity firm General Atlantic, in the latest round of its ...
May 22, 2023
Britain lowers stake in NatWest with $1.6 billion share sale
LONDON (Reuters) -British state-backed bank NatWest has agreed to buy 1.3 billion pounds ($1.6 billion) worth of its shares back from the government, as it edges closer towards private ownership 15 ye...
May 22, 2023
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