Tag Archives: cut

The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register BRUSSELS, July 19 (Reuters) – Alphabet (GOOGL.O) unit Google said it will from Tuesday cut fees to 12%, from 15%, for non-gaming app developers on its Google Play App Store which switch to rival payment systems, as it moves to comply with new EU tech rules. The world’s most popular internet search… Source link

BlackRock (BLK) has downgraded its outlook for stocks amid increasing economic uncertainty and persistent inflation. Strategists at BlackRock’s Investment Institute said Monday the firm cut its exposure to developed market equities, citing aggressive intervention by central banks to tame rising prices across the global economy. “Right now, we think the Fed has boxed itself in by responding to political pressures to rein in inflation,” strategists led by Jean Boivin said in a note… Source link

(Bloomberg) — Chinese technology stocks fell as a plan by Tencent Holdings Ltd.’s major backer to further cut its stake in the company fueled concerns more investors may look to take profits following a strong rally. Most Read from Bloomberg The Hang Seng Tech Index slid as much as 2.9% Tuesday, the most since June 22, before paring some losses. Tencent slumped as much as 5.8%, the most in nearly six weeks, after Prosus NV on Monday said it intends to sell more of the mobile gaming… Source link

What will happen with Warren Buffett’s billions when he dies? Some of it might go to every kid on the planet. So reports the Wall Street Journal in a recent investigation of the future of Buffett’s fortune, which is worth $96.8 billion at the time of this article’s publication. In 2006, the Berkshire Hathaway CEO pledged to give away 85% of his stock in the company to charity, designating the majority of it to the Bill & Melinda Gates Foundation. Four years later, he vowed to… Source link

(Bloomberg) — Prosus NV is planning to sell more of its $134 billion stake in Chinese internet giant Tencent Holdings Ltd. to finance a buyback program, reversing a pledge to hold onto the full shareholding. Most Read from Bloomberg Tencent declined in Hong Kong on Monday as investors pondered the extent to which Prosus, the Chinese company’s biggest shareholder, will unload its stock. The shares fell as much as 2.5% and traded 1.6% lower at the close. “We will keep selling Tencent shares… Source link

The effects of inflation and high gas prices are hitting hourly workers hard, a new survey finds. Eighty-one percent of these workers report that higher gas costs have cut into their ability to pay for other things. Seventy-seven percent say that financial stress is impacting their health — and 22% report turning to payday loans this year to bridge the gaps. These are “some really stark results” said Emerson Sprick, policy analyst at the Bipartisan Center, who helped oversee the survey, Source link

A J-16 fighter jet in Changchun, China, in 2019.STR/AFP via Getty Images A Chinese jet cut in front of an Australian plane and fired debris into its engine, officials said. Australia’s defense ministry said the incident happened on May 26 over international waters. Chinese aircraft regularly “buzz” or try to interfere with foreign aircraft near their airspace. A Chinese fighter jet veered in front of an Australian military plane and fired off a cloud of debris that entered its engine,… Source link

Salesforce co-founder and co-CEO Marc Benioff.NICHOLAS KAMM/AFP via Getty Images Salesforce employees signed an open letter urging company leadership to drop the NRA as a customer. It’s “unconscionable” that the NRA can use their software for marketing and fundraising, the employees said. Marc Benioff, the co-CEO of Salesforce, has previously voiced support for gun control. More than 4,000 Salesforce employees have urged their company’s leadership to drop the National Rifle Association (NRA) as… Source link

(Bloomberg) — Russia will cut off the gas to Poland and Bulgaria on Wednesday in a major escalation in the standoff between Moscow and Europe over energy supplies and the war in Ukraine. Most Read from Bloomberg Moscow is making good on a threat to halt gas flows to countries that refuse President Vladimir Putin’s new demand to pay for the fuel in rubles. The European Union has rejected the move in principle but now payment deadlines are starting to fall due, governments across Europe need… Source link

It is less than five days before he walks to the ring at Wembley Stadium in London to defend his titles against Dillian Whyte and heavyweight champion Tyson Fury still has not disassociated himself from alleged mobster Daniel Kinahan. Promoter Frank Warren told the BBC Monday that Kinahan, whom the U.S. government contends runs one of the largest drug cartels in the world, has had no involvement in Saturday’s bout for the WBC and lineal heavyweight titles. But Fury, who was pictured with… Source link