German economy, auto sector face risks from exposure to China, fund manager says
A view shows the flags of China and Germany at a booth of a German automaker at the Auto Shanghai...
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Payments app Zelle begins refunds for imposter scams after Washington pressure
Nov 13 (Reuters) - Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection concerns raised by U.S. lawmakers and the federal consumer watchdog, in a major policy change.The 2,100 financial firms on Zelle, a peer-to-peer network owned by seven banks including JPMorgan Chase (JPM.N) and Bank of America (BAC.N), began reversing transfers as of June 30 for customers duped into sending money to scammers claiming to be from a government agency, bank or existing service provider, said Early Warning Services (EWS), the...
Musk’s X has a fraction of rivals’ content moderators, EU says
'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsBRUSSELS/STOCKHOLM, Nov 10 (Reuters) - Elon Musk's X social media platform has just 2,294 content moderators to ensure users comply with EU online content rules, significantly fewer than Google (GOOGL.O) and TikTok, a senior European Commission official said on Friday.Adopted recently, the EU's Digital Services Act (DSA) requires 19 very large online platforms and 2 very large...
Crypto lender Celsius Network cleared to exit bankruptcy
Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire...
EU digital chief urges TikTok, X to increase clean-up efforts
TikTok app logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBRUSSELS, Nov 7...
India’s Byju’s in talks to sell unit Epic for $400 mln to PE fund Joffre – Bloomberg News
People walk past an advertising hoarding of Byju's, an Education Technology company and one of India's biggest startup, outside one...
Singapore’s GIC buys 35% stake in European hotel operator HIP
SINGAPORE, Nov 1 (Reuters) - Singapore's sovereign wealth fund GIC has invested in a 35% stake in Hotel Investment Partners...
US targets Myanmar’s state oil and gas enterprise with form of sanctions
WASHINGTON, Oct 31 (Reuters) - The U.S. on Tuesday imposed a form of sanctions on Myanma Oil and Gas Enterprise...
NY Fed can cut off Puerto Rican bank in Venezuela-related crackdown -US judge
The entrance to The Federal Reserve Bank of New York is seen in New York City, U.S., March 13, 2023....
US investment banks see early signs of revival in dealmaking
Peter Orszag, CEO of Financial Advisory, Lazard, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNEW YORK, Oct 27 (Reuters) - Major Wall Street firms said a dismal year of dealmaking appears to have hit a trough, and now some companies are looking to merge, offering hope that investment banking revenues could pick up after a disappointing third quarter.Dealogic data showed that globally, investment banking revenue tumbled 16% in the third quarter from a year earlier. But...