EXCLUSIVE Bell, Telus lobby Canada to stop sale of Shaw’s wireless business to Quebecor -sources

EXCLUSIVE Bell, Telus lobby Canada to stop sale of Shaw’s wireless business to Quebecor -sources

The Shaw Communications logo is seen at their office in Calgary, Alberta, Canada, April 17, 2019. REUTERS / Chris Wattie Register now for FREE unlimited access to Reuters.com Register TORONTO, May 19 (Reuters) – The Canadian federal government and competition bureau should block Quebecor from buying Shaw Communications’ wireless business, telecom operators Bell Inc and … Read more

Shanghai lets financial firms resume work as COVID curb ease – sources

Shanghai lets financial firms resume work as COVID curb ease – sources

A man walks past Lujiazui financial district, seen across the Huangpu river, amid the lockdown in Pudong area to contain the spread of coronavirus disease (COVID-19) in Shanghai, China March 28, 2022. REUTERS / Aly Song / Files Register now for FREE unlimited access to Reuters.com Register SHANGHAI, May 18 (Reuters) – Shanghai authorities have … Read more

Self-driving startup Wayve taps Microsoft for ‘supercomputer muscle’

Self-driving startup Wayve taps Microsoft for ‘supercomputer muscle’

General view of Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. REUTERS / Charles Platiau Register now for FREE unlimited access to Reuters.com Register LONDON, May 18 (Reuters) – British startup Wayve said on Wednesday it would use supercomputer infrastructure designed for the firm by its investor Microsoft (MSFT.O) to process vast … Read more

Allianz to pay $ 6 bln in US fraud case, fund managers charged

Allianz to pay $ 6 bln in US fraud case, fund managers charged

NEW YORK / MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $ 6 billion and its US asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic. Allianz’s settlements with the US Department of Justice and … Read more

The Time To Act On Inclusive Finance Is Now

The Time To Act On Inclusive Finance Is Now

“Soy mayor, no idiota” – “I’m old, not an idiot.” That’s the headline of a Change.org campaign launched by Carlos San Juan, a 78-year-old Spaniard who argued that the closure of bank branches and the forced migration of customers to digital banking were sidelining elderly and vulnerable customers. The petition, which asked for more consideration … Read more

How embedded finance is helping brands reimagine the point of payment

How embedded finance is helping brands reimagine the point of payment

People’s favorite brands are the ones that they create experiences with, such as the football team they have a season ticket with, or their favorite band that they see live every time they tour. However, despite these potent brands winning people’s hearts and minds, their day-to-day purchases and interactions are still the preserve of brands … Read more

Enel eying US market for grid business

Enel eying US market for grid business

A logo of Italian multinational energy company Enel is seen at the Milan’s headquarter, Italy, February 5, 2020. REUTERS / Flavio Lo Scalzo / File Photo Register now for FREE unlimited access to Reuters.com Register MILAN, May 16 (Reuters) – Italy’s Enel (ENEI.MI) is keeping an eye on the United States for the development of … Read more

REE Automotive to build commercial EV plant in UK’s Coventry

REE Automotive to build commercial EV plant in UK’s Coventry

Prototypes of a rolling chassis for electric vehicles developed by Israel’s REE Automotive, is seen during a test drive in Beersheba, southern Israel September 17, 2020. REUTERS/Amir Cohen Register now for FREE unlimited access to Reuters.com register LONDON, May 16 (Reuters) – REE Automotive (REE.O), which develops rolling chassis for commercial electric vehicles (EVs), said … Read more

Wells Fargo wins dismissal of shareholder lawsuit over commercial lending

Wells Fargo wins dismissal of shareholder lawsuit over commercial lending

May 6 (Reuters) – A federal judge on Friday dismissed class-action claims that Wells Fargo & Co (WFC.N), the fourth-largest US bank, misled or defrauded shareholders about its commercial loans. US District Judge William Alsup in San Francisco said shareholders failed to adequately allege that Wells Fargo unjustifiably inflated the quality of its loans, understated … Read more

Deutsche Bank not financing controversial African oil pipeline, source says

Deutsche Bank not financing controversial African oil pipeline, source says

The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS / Simon Dawson Register now for FREE unlimited access to Reuters.com Register FRANKFURT, May 15 (Reuters) – Deutsche Bank (DBKGn.DE) is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families … Read more