Facebook makes offer to leading media to license content – WSJ

According to Wall Street Journal, Facebook (FB) has approached ABC News, Dow Jones, Washington Post and Bloomberg as it plans to launch a news section later this year.

WSJ says that Facebook would be willing to pay as much as 3 million dollars a year to licence entire stories, headlines and previews of articles.

Facebook, which launched the digital currency Libra in June, has faced an outcry of the privacy issues. The company shares rose 2,17 % to 190,16 dollars in New York today.

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Brexit: Fast-visa track for scientists

The UK Prime Minister Boris Johnson said today that he wants the country to become a science superpower.

I want the UK to continue to be a global science superpower, and when we leave the EU we will support science and research and ensure that, far from losing out, the scientific community has a huge opportunity to develop and export our innovation around the world.

He said that this fast-track will help top scientists from science, engineering and technology to enter the country. They are also allowed to bring their families with.

Johnson also mentioned that they will expand the pool of UK research institutions and universities to able to endorse candidates and remove the need to hold an offer of employment before arriving.

 

 

 

 

 

 

 

 

 

 

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New Apple ecosystem service: the credit card

Apple (AAPL) announced yesterday that the new credit card with Goldman Sachs (GS) will be available to all iPhone owners in the US later this month. Apple said earlier in March that it is developing this credit card with Goldman.

This new credit card will be part of the Apple ecosystem, with all the payments and pay back & messaging functions. According to Apple, the new card do not have a visible number on it, but it has a secure chip inside and the iPhone can generate virtual numbers for online and over-the-phone shopping.

The credit card will offer customers Daily Cash on the purchases, from 3-1 % of the purchases depending on the transaction and the Cash can be used like any other cash or send to friends. The cash is paid back to customers every day.

Apple has around 50 million Apple Pay users in the US and this service will be also part of the Goldman Sachs Marcus – consumer business. According to Apple, Goldman Sachs will not get the right to use or sell the data for marketing purposes.

Apple´s shares closed yesterday up 1,89 % to 197 dollars  and the shares of Goldman Sachs (GS) also up, 2,15 % to 206,1 dollars in New York.

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Stocks tumbled in NY – hit by trade war

The financial markets tumbled today globally as a response to the tightening trade war between the US and China trade. The global economy growth was the main concern in the markets while the Chinese currency, yuan decreased to its lowest levels in decade, to around 7 per dollar. Last week the US President Donald Trump informed about the new tariffs in the China trade.

Dow Jones index closed down 2,9 % to 25 717 points, the S&P 500 index closed down 2,99 % to 2844 points and the tech-Nasdaq index down 3,47 % to 7726 points. The gold and Japanese yen increased.

Apple (AAPL) closed down 5,23 % to 193,34 dollars, ride-hailing company Uber (UBER)closed down 3,34 % to 39,05 dollars, IBM (IBM) closed down 4,41 % to 140,76 dollars, Microsoft (MSFT) closed down 3,43 % to 132,21 dollars and Walmart down 3,27 % 105,82 dollars. Luxury company Ralph Lauren (RL) closed also down 3,19 % to 95,73 dollars. The electric car manufacturer Tesla (TSLA) closed down 2,57 % to 228,32 dollars.

According to Bloomberg market analyst, the trade war could hit US jobs as early as the next two months. This would also increase the global pressures for more rate cuts by the central banks in Europe and in the US. Last week the Fed lowered its fed funds by 25 basis points for the first time since the financial crisis.

In Europe the stocks were also down. In London the FTSE 100 index closed down 2,47 % to 7223 points, in Germany the DAX-index closed down 1,80% to 11 658 points and in France the CAC 40 -index closed down 2,19 % to 5241 points.

In Asia the Hang Seng closed down 2,85 % to 26151 points in Hong Kong and the Nikkei 225 index closed down 1,74 % to 20720 points.

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Trump: New taxes with China trade

The US President Donald Trump is to impose a new 10 % tariff in China imports. The new taxes, would be imposed beginning September 1st and would include for example smart-phones, laptop computer and children’s clothing.

According to Bloomberg, they will come on top of the 25% duty in place already on some $250 billion in Chinese goods and mean that almost all trade with China will be subject to new taxes.

The US President Donald Trump and the Chinese President Xi Jinping, met last time in Osaka at the end of June. The coming G7 meeting in France, in Biarritz, at the end of August, the 24 to 26 August, might also provide a possibility to continue the locked trade talks.

The Financial markets tumbled to the new tariffs news in Wall Street yesterday and in Asia today. For example the Nikkei-index was trading over 2 % lower and Shanghai-index over 1,7 % lower.

 

 

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LSE and Refinitiv – all share transaction

The London Stock Exchange (LSE) has today announced that it has agreed to acquire the Refinitiv business in all share transaction. The deal, the economic value of 27 billion dollars, will form a new global data and analytics company with combined annual revenue of 6 billion pounds.

The Refinitiv shareholders will get 37 % of the economic interest in LSEG and less than 30 % of the total coming rights of LSEG. The company will has its headquarter in London and will remain in compliance with the UK Corporate Governance Code.

The Stock Exchange says that the annual growth rate for the first three years would be 5-7 % annually and would mean also synergies in the cost savings.

The shareholder meeting of the transactions is expected to before the year end and the completion of the deal is expected to occur during the second half of 2020.

The shares of London Stock Exchange rose 6 % to 7024 pounds in today’s trading.

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Brexit: Pound falling to new lows

The UK Sterling fell to new lows on Tuesday trading as the market speculation about no-deal Brexit widened. Britain’s currency dropped 0.51 % to 1.2154 dollars. It has fell 4.3 % since the end of June.

The no-deal Brexit speculations widened because of the comments of the new Prime Minister Boris Johnson related to the exit. According to him, the UK would like to negotiate a new deal with the EU, but if this is not going to happen, he is ready and according to his remarks, the Government is also ready to take the UK out of the block without a deal if needed.

The stock markets were trading also down in Europe. In London, the FTSE 100 index was down 0,29 % to 7664 points, in Germany the DAX index was down 2,22 % to 12 142 points and in France the CAC40 -index was trading down 1,53 % to 5515 points.

In Asia, the Nikkei 225 index closed up 0,43 % to 21 709 points and the Hang Song in Hong Kong closed up 0,14 % to 28146 points.

 

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