Entertainment & Lifestyle Archives | Reuters News Agency

US appeals court upholds TikTok law forcing its sale

Aditi Tiwari — Sat, 07 Dec 2024 21:52:19 +0000

Reuters led by 58 seconds in reporting that a U.S. federal appeals court had upheld a law requiring ByteDance to divest TikTok in the U.S. early next year or face a ban.

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India seeks $26 bln of private nuclear power investments, sources say

Ashutosh Mishra — Tue, 20 Feb 2024 15:53:03 +0000

Reuters exclusively reported that India will invite private firms to invest about $26 billion in its nuclear energy sector to increase the amount of electricity from sources that don’t produce carbon dioxide emissions.

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EU seeks feedback on Microsoft’s Activision remedies for UK watchdog

Aditi Tiwari — Tue, 12 Sep 2023 18:21:05 +0000

Reuters exclusively reported that EU antitrust regulators are asking Microsoft’s (MSFT.O) rivals and customers whether they are affected by the U.S. tech giant’s proposals to gain UK approval for its $69 billion acquisition of Activision Blizzard (ATVI.O). The European Commission had cleared the deal in May after Microsoft agreed to license popular Activision games such as “Call of Duty” to rival game-streaming platforms.That clearance was given before Microsoft proposed the Ubisoft deal to appease the UK regulator.

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Reuters reveals Netflix goes to ‘Tollywood’ and beyond for long-sought India growth

Ramisa Tasnim — Tue, 24 May 2022 17:40:00 +0000

Reuters reported that Netflix, a streaming laggard in India, is now eager to tap into the South Indian market. Netflix has a range of Indian films across various regions to showcase, but for TV series — key to keeping viewers loyal to its platform — it only has a few hit shows in Hindi and no TV shows at all in regional Indian languages. The U.S. company has greenlighted at least six TV shows in southern Indian languages this year, aggressively chasing deals in Tollywood as the Telugu film and TV industry is known, as well as in the Tamil film and TV industry.

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Reuters reveals Shanghai authorities helped Tesla reopen factory, letter shows

Jaime-Lee Charles — Tue, 03 May 2022 08:23:00 +0000

Reuters revealed Shanghai authorities helped Tesla transport over 6,000 workers and carry out necessary disinfection work to reopen its factory last month amid the city’s lockdown. A letter that Tesla sent to local officials, seen by Reuters, outlined the lengths to which the city went to help the U.S. automaker, indicating Tesla’s importance to Shanghai as the city tries to restart business while curbing the spread of COVID-19.

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Reuters reveals AC Milan is the target of sale talks with Bahrain-based Investcorp

Jaime-Lee Charles — Fri, 15 Apr 2022 12:35:00 +0000

Reuters exclusively reported that Bahrain-domiciled asset manager Investcorp has entered into exclusive talks to purchase Serie A club AC Milan, in what would be the first takeover of a top Italian team by Middle East investors. One source close to the talks told Reuters the deal to buy the seven-time European champions from current owner Elliott Management Corporation was near to completion. A potential valuation for the club would be in the region of one billion euros including debt.

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Reuters reveals Maldives shelters sanctioned Russian billionaires’ yachts

Jaime-Lee Charles — Thu, 07 Apr 2022 04:45:00 +0000

Reuters exclusively reported that while many nations are stepping up efforts to seize assets from Russian oligarchs, authorities in Maldives are taking a cautious approach to enforcing sanctions. Maldives voted to condemn Russia’s invasion at the United Nations and publicly maintains it will assist international efforts against sanctioned Russians. But in reality, officials say they are concerned about the economic impact of deterring wealthy Russian visitors.

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Reuters reveals Indonesia preparing tough new curbs for online platforms

Jaime-Lee Charles — Wed, 23 Mar 2022 05:10:00 +0000

Reuters revealed Indonesia is readying tough new rules that will allow it to fine and criminally charge internet and social media platforms, potentially slowing online firms’ rapid growth in a $70 billion market. The rules, which authorities believe are needed to make platforms remove “unlawful” content quickly, are among the most stringent globally on social media and follow intensifying crackdowns on online content that have alarmed activists in countries like India.

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Reuters exclusively reports key details of Trump’s Truth Social ahead of the launch; market reacts

Erica Ascher — Fri, 18 Feb 2022 19:31:00 +0000

Reuters broke news over the weekend on the launch of Donald Trump’s new social media venture, Truth Social. Reuters exclusively reported key details on how the app works and what wasn’t working a week before the launch. The reporting, based on beta testers of the app invited to the service a week before the launch, gave readers an exclusive glimpse at the closely scrutinized project from the former U.S. president. Reuters had previously reported the launch date even as executives said publicly it would not launch until much later.

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Reuters reveals Dashed dreams for China Evergrande’s showpiece resort island

Jaime-Lee Charles — Mon, 31 Jan 2022 17:01:00 +0000

Reuters provided insight into how the opening last year of the world’s largest artificial resort island, developed by China Evergrande Group for nearly $13 billion, was the realization of the ambitions of founder Hui Ka Yan, who sketched a design for the project himself. Now Evergrande is in default to global bondholders, and officials in Danzhou city have ordered 39 of the project’s towers — roughly 3,900 of the island’s 65,000 homes — to be demolished over environmental and construction violations.

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