New York exit: Didi bows to regulatory pressure for U.S. delisting

New York exit: Didi bows to regulatory pressure for U.S. delisting

HONG KONG, Dec 3 (Reuters) – Just five months after its debut, ride-hailing giant Didi Global (DIDI.N) said it plans to withdraw from the New York stock exchange and pursue a Hong Kong listing, a stunning volte-face as it bends to Chinese regulators angered by its U.S. IPO.Its shares plunged 9% in premarket trading, after … Read more

Erdogan picks low-rates champion as finance minister as Turkish lira skids

Erdogan picks low-rates champion as finance minister as Turkish lira skids

Turkish President Tayyip Erdogan speaks during a news conference after his meeting with German Chancellor Angela Merkel (not pictured) at Huber Mansion in Istanbul, Turkey October 16, 2021. REUTERS/Murad Sezer/File PhotoRegister now for FREE unlimited access to reuters.comRegisterNew minister has backed Erdogan’s drive to cut ratesLira eases after appointment, following November routMove marks latest overhaul … Read more

Supreme Court conservatives appear willing to gut abortion rights

Supreme Court conservatives appear willing to gut abortion rights

Liberal justices warn against overturning precedentsMississippi law bans abortion at 15 weeks of pregnancyBiden lawyer urges against “contraction” of rightsWASHINGTON, Dec 1 (Reuters) – Conservative U.S. Supreme Court justices on Wednesday signaled a willingness to dramatically curtail abortion rights in America and perhaps overturn the landmark 1973 Roe v. Wade ruling that legalized the procedure … Read more

Macau arrests 11 people for alleged illegal gambling and money laundering

Macau arrests 11 people for alleged illegal gambling and money laundering

A logo of Macau junket operator Suncity Group is seen at a gaming fair in Macau, China November 18, 2015. REUTERS/Bobby Yip//File PhotoRegister now for FREE unlimited access to reuters.comRegisterHONG KONG, Nov 28 (Reuters) – Macau police have arrested 11 people in an investigation into an illegal gambling and money laundering syndicate, according to an … Read more

Israel to ban entry of foreigners from all countries over Omicron

Israel to ban entry of foreigners from all countries over Omicron

A passenger arrives to a terminal at Ben Gurion international airport before Israel bans international flights, taking effect from Monday midnight until the end of January, in order to stop the spread of the coronavirus disease (COVID-19) and new coronavirus strains, in Lod near Tel Aviv, Israel January 25, 2021. REUTERS/Ronen ZvulunRegister now for FREE … Read more

U.S. President Biden calls for intellectual property protection waivers after Omicron discovery

U.S. President Biden calls for intellectual property protection waivers after Omicron discovery

WASHINGTON, Nov 26 (Reuters) – U.S. President Joe Biden on Friday called on nations expected to meet at the World Trade Organization next week to agree to waive intellectual property protections for COVID-19 vaccines in the wake of the identification of a new coronavirus variant in South Africa.However, the meeting he was referring to was … Read more

Fauci says U.S. must study data before deciding on travel ban over new COVID-19 variant

Fauci says U.S. must study data before deciding on travel ban over new COVID-19 variant

WASHINGTON, Nov 26 (Reuters) – Top U.S. infectious disease official Anthony Fauci said on Friday that a ban on flights from southern Africa was a possibility and the United States was rushing to gather data on the new COVID-19 variant.No decision to halt flights had yet been made, he said.The Wall Street Journal, citing people … Read more

Money markets scale back ECB rate hike bets on coronavirus variant worries

Money markets scale back ECB rate hike bets on coronavirus variant worries

The headquarters of the European Central Bank (ECB) in Frankfurt, Germany, March 12, 2016. REUTERS/Kai Pfaffenbach/File PhotoLONDON, Nov 26 (Reuters) – Euro zone money markets on Friday scaled back bets on a rate hike from the European Central Bank next year as news of a new coronavirus variant spreading across South Africa cast a shadow … Read more

China asks Didi to delist from U.S. on data security fears – Bloomberg News

China asks Didi to delist from U.S. on data security fears - Bloomberg News

SHANGHAI, Nov 26 (Reuters) – Chinese regulators have asked top executives of ride hailing giant Didi Global Inc (DIDI.N) to devise a plan to delist from the New York Stock Exchange due to concerns about data security, Bloomberg News reported.China’s tech watchdog wants the management to take the company off the U.S. bourse on worries … Read more

Twenty-seven migrants perish trying to cross Channel to Britain

Twenty-seven migrants perish trying to cross Channel to Britain

PARIS, Nov 24 (Reuters) – British and French officials traded blame on Wednesday after 27 migrants died when their dinghy deflated as they made a perilous crossing of the English Channel.The accident was the worst disaster on record involving migrants in the narrow seaway separating the two countries.The Channel is one of the world’s busiest … Read more