HSBC’s $10 billion dividend from the sale of RBC’s Canadian unit

HSBC’s  billion dividend from the sale of RBC’s Canadian unit

The deal comes under pressure from a Chinese shareholder Analysts hail a “sensible” transaction The bank could return the proceeds from the deal to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC ( HSBA.L ) agreed to sell its Canadian business to Royal Bank of Canada ( RY.TO ) for C$13.5 billion ($10 billion) in … Read more

Elon Musk: Apple has threatened to pull Twitter from the App Store

Elon Musk: Apple has threatened to pull Twitter from the App Store

Nov 28 (Reuters) – Elon Musk accused Apple Inc. ( AAPL.O ) from threatening to block Twitter Inc from its app store without saying why in a series of tweets on Monday that also said the iPhone maker had stopped advertising on the social media platform. . The billionaire CEO of Twitter and Tesla said … Read more

Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

The filing follows weeks after the collapse of FTX FTX is listed as BlockFi’s #2 lender Bitcoin is down more than 70% from its 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest cryptocurrency casualty following the spectacular collapse of the FTX … Read more

China’s anti-blocking protests have spread to campuses and cities abroad

China’s anti-blocking protests have spread to campuses and cities abroad

HONG KONG, Nov 28 (Reuters) – Protests against China’s strict zero-covid policy and restrictions on freedoms spread to at least a dozen cities around the world over the weekend in a show of solidarity with rare shows of defiance in China. Expatriate dissidents and students held smaller vigils and protests in cities around the world, … Read more

Exclusive: Tesla Prepares Redesigned Model 3 With Project ‘Highland’ Resources

Exclusive: Tesla Prepares Redesigned Model 3 With Project ‘Highland’ Resources

Nov 28 (Reuters) – Tesla ( TSLA.O ) is developing a redesigned version of the Model 3, according to four people with knowledge of the effort, as the electric car major aims to lower production costs and boost the appeal of the five-year-old electric sedan. One goal of the redesign, codenamed “Highland,” is to reduce … Read more

China tightens security measures after rare protests against COVID restrictions

China tightens security measures after rare protests against COVID restrictions

Shanghai and Beijing police will increase their presence on the streets No sign of new protests in Beijing, Shanghai on Monday The backlash is an obstacle in the effort to destroy the virus News of the protests roil global markets SHANGHAI/BEIJING, Nov 28 (Reuters) – Police patrolled weekend protest sites in Shanghai and Beijing on … Read more

China’s anti-blockade protests roil stocks, oil

China’s anti-blockade protests roil stocks, oil

China reports record new local cases of COVID Commodities caught on sale The dollar extends gains against the yuan SYDNEY/LONDON, Nov 28 (Reuters) – Shares and commodity prices suffered a broad sell-off on Monday as isolated protests in major Chinese cities against the zero-epidemic country’s strict restrictions hit growth expectations in the world’s second-largest economy. … Read more

Protests in Shanghai and Beijing as anger over China’s COVID restrictions

Protests in Shanghai and Beijing as anger over China’s COVID restrictions

SHANGHAI/BEIJING, Nov 27 (Reuters) – Protests in China against severe COVID-19 curbs spread to Shanghai on Sunday, with protesters also gathering at one of Beijing’s most prestigious universities after a deadly fire in the country’s far west sparked widespread anger. The wave of civil disobedience, which has included protests in Urumqi, where the fire occurred, … Read more

Ukraine remembers the Stalinist-era famine as war rages in Russia

Ukraine remembers the Stalinist-era famine as war rages in Russia

KYIV, Nov 26 (Reuters) – Ukraine accused the Kremlin on Saturday of reviving the “genocidal” tactics of Joseph Stalin as Kyiv commemorated the Soviet-era famine that killed millions of Ukrainians in the winter of 1932-33. The “Holodomor” commemoration day comes as Ukraine struggles to repel invading Russian forces and deal with widespread blackouts caused by … Read more

Reality is ending some Qatari dreams of a World Cup rental bonanza

Reality is ending some Qatari dreams of a World Cup rental bonanza

The agency said the Qatar hotel group had demanded new payments Some rates reduced, but many properties are empty The broker says some landlords have sought unrealistic rents DOHA, Nov 25 (Reuters) – Qatar has found itself in an unexpected glut of rooms for the packed World Cup group stage, with online portals showing rooms … Read more