WASHINGTON (Reuters) – A U.S. federal court rejected the Federal Trade Commission’s request that it order Microsoft to temporarily hold off on closing its $69 billion purchase of “Call of Duty” maker Activision Blizzard, according to a court filing. (Reporting by Kanishka Singh in Washington; Editing by Sandra Maler)
By Diane Bartz and David Shepardson WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Thursday asked an appeals court to temporarily stop Microsoft from closing its $69 billion purchase of “Call of Duty” maker Activision Blizzard, just hours after a federal judge rejected a similar request. The San Francisco federal court had ruled in favor…
By Lucy Papachristou (Reuters) – A sweeping Russian draft law to ban legally or medically changing gender was approved by the lower house of parliament on Friday in its final reading, part of a crackdown against LGBT rights under President Vladimir Putin. The bill would bar Russians from changing their gender on official identity documents,…
(This July 13 story has been corrected to say Gotshal, not Gotschal, in paragraph 1) By Chiara Elisei LONDON (Reuters) – Corporate distress among small and medium-sized enterprises (SMEs) hit its highest since mid-2020 in the three months to May in Britain and Europe, as credit conditions tightened, an index compiled by law firm Weil…
(Reuters) -Biotech company Roivant Sciences is in talks to sell an experimental drug to treat inflammatory bowel diseases, including ulcerative colitis and Crohn’s disease, to Roche in a deal that could be valued at more than $7 billion, the Wall Street Journal reported on Thursday. The sale of the drug could be announced in the…
By Lucy Craymer WELLINGTON (Reuters) – Members of a major trans-Pacific trade pact meeting in Auckland on Sunday are set to discuss applications by China and Taiwan to join the group, proposals that have deepened the rancour among the neighbours and divided the opinions of member-nations. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)…
SEOUL (Reuters) – Tesla began selling its Model Y rear-wheel drive car on Friday in South Korea at a price of 56.99 million won ($45,139), the automaker’ s website said, making the vehicles eligible for the maximum rate of government subsidies. The car, which boasts a driving range of 350 kilometres (217.48 miles) and has…
(Reuters) -Hong Kong’s Cathay Pacific Airways said on Friday it expects to record a profit of up to HK$4.5 billion ($576 million) in the first half of the year as travel demand skyrockets after border reopenings. Cathay Pacific booked record losses in the last three years as it parked much of its fleet during the…
KYIV (Reuters) – A 56-year-old man was injured in an overnight Russian drone strike on Ukrainian President Volodymyr Zelenskiy’s hometown, the central city of Kryvyi Rih, the regional governor said on Friday. The attack damaged a number of buildings in Kryvyi Rih but Ukraine’s air force said 16 of the 17 Iranian-made Shahed attack drones…
By Kevin Yao BEIJING (Reuters) -China’s central bank will use policy tools such as the reserve requirement ratio (RRR) and medium-term lending facility to weather the challenges facing the world’s second-largest economy, a senior bank official said on Friday. Momentum in China’s post-pandemic recovery has slowed sharply after a brisk pickup in the first quarter,…
