The recovery of the Spanish and Italian services sectors continues, but Delta’s concerns are growing | World Weekly

Eurozone Economy Updates Subscribe to the myFT Daily Digest to be the first to know about the Eurozone economy news. Activity in the service sectors in Spain and Italy grew strongly last month as Covid-19 restrictions eased, according to a widely monitored business survey, but the spread of the coronavirus delta variable caused confidence to… Continue reading The recovery of the Spanish and Italian services sectors continues, but Delta’s concerns are growing

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Nicola lowered delivery and sales forecasts for 2021 | World Weekly

Nikola Company Updates Subscribe to the myFT Daily Digest to be the first to know about Nikola Corp. news. On Tuesday, executives said Nikola would deliver fewer trucks this year than planned, warning that supply chain shortcomings could leave some parts lacking and some parts cannot be considered sales. Investors were hoping for better news… Continue reading Nicola lowered delivery and sales forecasts for 2021

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Pakistan’s security adviser complains that Joe Biden has not called Imran Khan | World Weekly

Pakistan Updates Subscribe to myFT Daily Digest to be the first to know about Pakistan news. Pakistan’s National Security Adviser has complained about US President Joe Biden’s failure to contact Prime Minister Imran Khan as Washington seeks to help prevent the Taliban from taking control of Afghanistan after the withdrawal of US forces. Washington’s cold… Continue reading Pakistan’s security adviser complains that Joe Biden has not called Imran Khan

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IMF warns against cryptocurrency as national currency ahead of El Salvador launch | World Weekly

The International Monetary Fund has warned countries that use cryptocurrency as legal tender, just over a month before El Salvador is set to become the first country in the world to allow bitcoin to pay for everything from haircuts to taxes. The Washington-based lender said in a blog post in late July that widespread use… Continue reading IMF warns against cryptocurrency as national currency ahead of El Salvador launch

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StanChart resumes dividend distribution as profits rise as a result of the global recovery | World Weekly

Standard Chartered PLC Updates Subscribe to the myFT Daily Digest to be the first to know about Standard Chartered PLC news. Standard Chartered became the latest bank to post a profit hike and resume dividend payments amid an improving economic outlook in the second year of the coronavirus pandemic. The emerging markets-focused bank posted a… Continue reading StanChart resumes dividend distribution as profits rise as a result of the global recovery

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Société Générale recorded its best first-half performance in 5 years | World Weekly

Societe Generale Updates Subscribe to the myFT Daily Digest to be the first to know about Societe Generale news. Société Générale continued its recovery from sharp trading losses last year, posting its best first-half performance in five years on Thursday morning. The Paris-based bank, which was hit by the collapse of its equity derivatives products… Continue reading Société Générale recorded its best first-half performance in 5 years

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Tencent tightens gaming rules as Beijing targets $43 billion sector | World Weekly

Chinese Business and Finance Updates Subscribe to myFT Daily Digest to be the first to know about Chinese business and financial news. Tencent has announced new restrictions limiting how long minors can play online after the Chinese internet group came under heavy pressure from state media, which described the gaming industry as “spiritual opium”. In… Continue reading Tencent tightens gaming rules as Beijing targets $43 billion sector

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Square / Afterpay: the emergence of a clear competitor to the major banks | World Weekly

Mergers and Acquisitions Updates Subscribe to the myFT Daily Digest to be the first to know about M&A news. Using stock to fund an acquisition is a form of buying now, paying later. Square, the fintech of American entrepreneur Jack Dorsey, has announced that it is spending $29 billion of its shares in Afterpay. Consumers… Continue reading Square / Afterpay: the emergence of a clear competitor to the major banks

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US and UK blame Iran for deadly attack on oil tanker off Oman | World Weekly

Update on US-Iran Tensions Subscribe to the myFT Daily Digest to be the first to know about US-Iran tensions. The United States and the United Kingdom have blamed Iran for a drone attack last night on an oil tanker in the Gulf that killed a Briton and a Romanian, an attack that threatened to escalate… Continue reading US and UK blame Iran for deadly attack on oil tanker off Oman

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HSBC quarterly profit rises in recovery from dismal pandemic | World Weekly

HSBC Holdings PLC Updates Sign up for the myFT Daily Digest to be the first to know about HSBC Holdings PLC news. HSBC said it would pay an interim dividend after its pre-tax profit more than quadrupled to $5.1 billion in the second quarter. Europe’s largest lender benefited from an improving global economic outlook as… Continue reading HSBC quarterly profit rises in recovery from dismal pandemic

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Allianz has warned that the legal battle over ‘Alpha Structured’ funds could become costly | World Weekly

Fund Management Updates Subscribe to the myFT Daily Digest to be the first to know about fund management news. Allianz has warned that an escalating legal dispute over the actions taken by some US investment funds during the early days of the pandemic last year could take a painful financial hit. The warning was issued… Continue reading Allianz has warned that the legal battle over ‘Alpha Structured’ funds could become costly

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Republican says infrastructure bill has enough support to pass Senate | World Weekly

US Politics and Politics Updates Subscribe to the myFT Daily Digest to be the first to know about US politics and politics. Republican Senator Susan Collins said Sunday that Joe Biden’s trillion-dollar infrastructure package has the support of enough lawmakers to pass it in the Senate this week. Collins said the bill could be presented… Continue reading Republican says infrastructure bill has enough support to pass Senate

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Japan calls for more attention to Taiwan’s ‘survival’ | World Weekly

Maritime Tensions Update in Asia Subscribe to the myFT Daily Digest to be the first to know about maritime tensions in Asia. Japan’s defense minister called on the international community to pay more attention to “Taiwan’s survival” as he warned that a Chinese military buildup surrounded the island. Nobu Kishi, younger brother of former Prime… Continue reading Japan calls for more attention to Taiwan’s ‘survival’

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Square Acquires Afterpay for $29 Billion in the Name of “Buy Now, Pay Later” Booms | World Weekly

Square Inc . Updates Subscribe to the myFT Daily Digest to be the first to know about Square Inc. news. Square Payments has reached a deal to acquire the Australian “buy now, pay later” provider in an all-share deal worth about $29 billion. According to a joint statement issued Sunday, Afterpay shareholders will receive 0.375… Continue reading Square Acquires Afterpay for $29 Billion in the Name of “Buy Now, Pay Later” Booms

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Clouds rise as confidence returns to collapsed airline industry | World Weekly

It’s been a string of bad news for Heathrow chief John Holland Kaye over the past 18 months. His airport has lost nearly £3 billion since the pandemic began and stations have grounded, while he has been involved in frantic government pressure to reopen UK borders. But in the past few weeks, the black clouds… Continue reading Clouds rise as confidence returns to collapsed airline industry

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