By Foo Yun Chee BRUSSELS (Reuters) -Airbnb and other short-term home rental companies will have to share data on the number of people using their platforms under proposed EU rules, the European Commission said on Monday, in a light-touch approach to regulating this sector. The EU executive’s proposal comes as popular tourist destinations such as…
(Reuters) -Canadian equipment marketplace Ritchie Bros Auctioneers Inc said on Monday it would buy IAA Inc in a cash-and-stock deal valued at about $7.3 billion including debt. The purchase price of $46.88 per share represents a premium of about 19% to the closing share price of IAA common stock on Nov. 4. Under the terms…
(Reuters) -Runaway inflation, an unfolding debt crisis and cost-of-living problems pose the biggest threats to doing business for G20 countries in the next two years, data from the World Economic Forum showed on Monday. Inflation has surged to levels not seen in several decades, prompting a third of G20 countries to identify rising prices as…
JOHANNESBURG (Reuters) -The board of South Africa’s Gold Fields will not change the terms of its offer for Yamana Gold after a surprise rival bid from Agnico Eagle and Pan American, it said on Monday. Gold Fields’ decision reflects “commitment to capital discipline” and the “fairness” of its offer for shareholders in both Gold Fields…
(Reuters) -Marlboro maker Philip Morris International (PMI) said on Monday it was going ahead with its $16 billion plan to buy Swedish Match despite winning accept from owners with no more than 82.59% of shares in the Swedish peer. By Swedish law a bidder can only initiate a compulsory redemption of remaining shares if voluntary…
BANGKOK (Reuters) – Thailand’s headline consumer price index (CPI) rose 5.98% in October from a year earlier, official data showed on Monday, slightly lower than forecast and the slowest pace in six months. The rise follows September’s 6.41% increase and was just shy of the 6.0% forecast in a Reuters poll. It was the lowest…
(Reuters) -Twitter Inc’s new CEO Elon Musk said on Sunday the social media platform’s mission was to become the most accurate source of information about the world, sparking debate about how it would achieve that and who determines what is accurate. A flurry of drastic measures including sacking half the staff and charging users that…
By Ben Blanchard and Jaiveer Shekhawat TAIPEI (Reuters) -Apple Inc expects lower shipments of high-end iPhone 14 models than previously anticipated following a significant production cut at a virus-blighted plant in China, dampening its sales outlook for the year-end holiday season. Solid demand for the new iPhones has helped Apple remain a rare bright spot…
(Reuters) – Australian firms have suffered a flood of cyberattacks, putting the spotlight on country’s understaffed cybersecurity industry which experts say seems ill-equipped to tackle such hacks, thus endangering sensitive information of millions of people. Here is a list of companies that have been hit by data breaches so far this year: OPTUS Australia’s second-largest…
HONG KONG (Reuters) – Authorities in Macau said the world’s biggest casino hub, blighted by a COVID-19 outbreak, is on track to return to relative normality after two rounds of mass COVID-19 tests last week found no new infections. The Chinese territory had been observing COVID-19 safety measures without any strict lockdowns until it found…
