Author: IA PressRoom

Li Ka-shing (left) and his elder son Victor. China News Service via Getty Images CK Hutchison Holdings, controlled by Hong Kong’s richest person Li Ka-shing, and Vodafone Group have agreed to merge their British telecommunications businesses that would create the country’s largest mobile operator. CK Hutchison will control 49% of the combined business while Vodafone, Britain’s third largest mobile provider, will own the remainder, the companies said in a statement Wednesday. Vodafone will have the right to buy out the merged business from CK Hutchison after three years, if it reaches a value of at least £16.5 billion ($20.9 billion)…

CNN  —  An active-duty Marine and another individual have been charged with using a Molotov cocktail to firebomb a Planned Parenthood clinic in Costa Mesa, California, in March 2022, the Justice Department announced Wednesday. According to the DOJ, the two men from California – Chance Brannon, a corporal in the Marines, and Tibet Ergul – were arrested and charged Wednesday morning with “using an explosive or fire to damage real property affecting interstate commerce.” The men could face up to 20 years in federal prison, according to the DOJ. Brannon, 23, and Ergul, 21, were expected to make their initial…

The consultancy industry’s grip on Australia’s public sector is set to be loosened substantially, as a tax leaks scandal involving PwC prompts the government to reverse a trend that has been condemned as ‘privatisation by stealth’.With the Big Four players PwC, Deloitte, EY and KPMG dominating, Australia’s consultancy sector has grown to become the fourth largest in the world by revenues, behind only the US, UK and Germany, according to The Australia Institute think-tank. Its influence on government policy has been thrown into stark relief by the PwC scandal, involving one of its partners Peter-John Collins. He had leaked to…

2/2 © Reuters. FILE PHOTO: Hedge fund manager Crispin Odey gestures as he departs Westminster Magistrates’ Court, after being found not guilty of indecent assault, during a three-day long trial in London, Britain, March 11, 2021. REUTERS/John Sibley/File Photo 2/2 By Nell Mackenzie and Farouq Suleiman LONDON (Reuters) -Odey Asset Management is in “advanced discussions” to move funds and staff to other asset managers, it told investors in a letter, after imposing exit curbs on key funds in the wake of sexual misconduct allegations against its founder, Crispin Odey. Several major global banks which provided prime brokerage services are reviewing…

© Reuters. FILE PHOTO: Passengers wearing face masks following the coronavirus disease (COVID-19) outbreak sit in a sightseeing bus during a night tour, ahead of the Chinese National Day Golden Week holiday in Beijing, China September 26, 2022. REUTERS/Florence Lo/ By Chayut Setboonsarng BANGKOK (Reuters) – Overseas travel bookings from mainland China are currently at just over half of pre-pandemic levels but are on course to return to the 2019 numbers by the end of this year or early 2024, the head of online travel agency Agoda said on Thursday. China was the world’s largest outbound tourism market before the…

Growth in China’s consumption and industrial production cooled in May, showing that the country’s economic recovery is losing momentum, official data showed Thursday. Retail sales, a proxy for China’s consumption, rose 12.7% from a year earlier in May, down from an 18.4% increase in April, said the National Bureau of Statistics. The result missed the 13.1% growth expected by economists surveyed by The Wall Street Journal. On…

Twice in recent months, allies of former President Donald J. Trump have used violent language to criticize the criminal charges brought against him, calling for vengeance and encouraging Mr. Trump’s supporters to respond to the indictments as though they were acts of war.Both times — first in April in Manhattan and then on Tuesday in Miami — police and civic leaders raised concerns that the angry rhetoric could lead to violent protests when Mr. Trump appeared in court. Both times, in both cities, the crowds that actually showed up for Mr. Trump were relatively tame and fairly small.But just because…

© Reuters. FILE PHOTO: Construction work is seen amongst residential and commercial buildings in east London, Britain, February 7, 2017. REUTERS/Toby Melville/ FILE PHOTO By Andy Bruce and Sinead Cruise LONDON (Reuters) – Bedlam in Britain’s 1.5 trillion-pound ($1.9 trillion) mortgage market, fuelled by ructions in money markets, threatens to trigger a renewed slump in housing activity and financial pain for homeowners on a par with the late 1980s. Lenders have repeatedly re-priced and pulled home loan offerings in recent weeks in a scramble to keep up with soaring funding costs, spurred by expectations for more interest rate hikes from…

© Reuters By Malvika Gurung Investing.com — India’s stock market had a weak trading session on Thursday following made by the Federal Reserve, as it hinted at possibilities of two more hikes going ahead, likely by 0.5% as inflation continued to run above target.  At 12:12 pm, headlines dipped 0.16% to 18,725.75 levels and lost 154.27 points or 0.24%. The market fear barometer advanced up to 1% to 11.25 levels while writing. Broader market indices outperformed the benchmark peers as 100 rose 0.4% and 100 climbed 0.33%.  Pharmaceutical and healthcare stocks drive gains on Dalal Street with Dr. Reddy’s Laboratories…

Source: tanaonte/AdobeThe South Korean crypto lending platform Delio says it is “temporarily” suspending deposits and withdrawals, as financial regulators say they are “investigating” the situation.The platform is a crypto lending service and wallet, which holds an official virtual asset service provider (VASP) operating license.In a statement, the firm said that it would halt deposits and withdrawals on the platform as of UTC 09:30 on June 14.Delio blamed the move on “the aftermath” of domestic firm Haru Invest’s own decision to suspend crypto deposits and withdrawals this week.Delio said Haru’s move had “dramatically increased market volatility and increased confusion among investors.”Source:…