November 18, 20240 Comments

Australia regulator sues NAB for ignoring hardship application deadlines By Reuters

(Reuters) -Australia’s corporate watchdog on Monday launched civil penalty proceedings against National Australia Bank (OTC:), the country’s second-largest lender, for failing to respond to hundreds of financial hardship applications within the legally mandated time frame. Shares in NAB slipped as much as 1.9% to A$38.98 in early trade, largely in-line with a 1.2% fall in the broader financial sub-index. The Australian Securities and Investments Commission (ASIC) claims that NAB and

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November 17, 20240 Comments

Russia resells more gas in Europe after cutting off Austria, sources, data show By Reuters

By Jason Hovet, Thomas Escritt and Dmitry Zhdannikov BERLIN/PRAGUE/LONDON (Reuters) – Russian gas flows to Austria were suspended for a second day on Sunday because of a pricing dispute but other buyers in Europe stepped in to snap up unsold volumes, companies and sources said and data showed. Russia, which before the Ukraine war was the biggest single supplier of gas to Europe, has lost most of its buyers on

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November 17, 20240 Comments

Netflix says 60 million households worldwide tuned in for Paul-Tyson match By Reuters

(Reuters) – Netflix (NASDAQ:) said on Saturday that 60 million households worldwide had tuned in for the highly anticipated boxing match between Jake Paul and Mike Tyson, and the event peaked at 65 million streams, according to a statement. The bout between the 27-year-old social media influencer-turned-prize fighter Paul and the 58-year-old former heavyweight champion Tyson, which Paul won, was streamed live on Netflix. Nearly 50 million households tuned in

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November 16, 20240 Comments

Trump picks oil industry CEO Chris Wright as Energy Secretary By Reuters

WASHINGTON (Reuters) – President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright, a staunch defender of fossil fuel use, would be his pick to lead the Department of Energy. Wright is the founder and CEO of Liberty Energy, an oilfield services firm based in Denver. He is expected to support Trump’s plan to maximize production of oil and gas and to seek ways to boost

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November 16, 20240 Comments

While farmers protest, UK’s Starmer says will defend budget ‘all day long’ By Reuters

LONDON (Reuters) – British Prime Minister Keir Starmer said on Saturday he would defend decisions taken in his new Labour government’s first budget “all day long”, while farmers protested over changes to inheritance tax. Addressing the Welsh Labour Conference in Llandudno, north Wales, Starmer did not refer to the farmers’ complaints directly, but he said he stood by the decisions made in finance minister Rachel Reeves’ Oct. 30 budget statement.

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November 16, 20240 Comments

Turkey fines Amazon’s Twitch 2 million lira for data breach By Reuters

(Reuters) – Turkey’s Personal Data Protection Board (KVKK) has fined Amazon.com (NASDAQ:)’s gaming platform Twitch 2 million lira ($58,000) over a data breach, the official Anadolu Agency reported on Saturday. KVKK launched an investigation after a 125 GB data leak. It found that Twitch had failed to take adequate security measures beforehand, addressing the issue only afterward. It also said risk and threat assessments had been insufficient. The breach affected

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November 16, 20240 Comments

OMV says its gas deliveries from Russia have stopped By Reuters

BERLIN (Reuters) – Austrian energy company OMV said gas deliveries from Russia had ended at 6 a.m. (0500 GMT) on Saturday, but the regulator said supplies to customers were stable despite a drop in flows into Austria. “We confirm that there has been no gas delivery from 6 a.m. today,” an OMV spokesperson said. Alfons Haber, head of E-Control, the regulator, said: “Quantities coming into Austria are currently down by

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November 16, 20240 Comments

Russian gas exports via Ukraine to Europe stable despite Austria cuts By Reuters

MOSCOW (Reuters) – Russian gas producer Gazprom (MCX:) said it would send 42.4 million cubic metres of gas to Europe via Ukraine on Saturday, the same volume as on Friday, despite expectations of gas supplies cuts to Austria over a contractual dispute. Russian Interfax news agency cited data from European gas pipeline operators as saying that gas exports from Russia via Ukraine were stable, while Austrian company OMV was not

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November 16, 20240 Comments

S&P revises South Africa’s outlook to positive on better reforms, growth potential By Reuters

(Reuters) – Ratings agency S&P revised South Africa’s outlook to “positive” from “stable” on Friday, citing plans for accelerated economic reforms by the new government of national unity and a pickup in private investments. The coalition government, formed in June after the African National Congress lost its parliamentary majority for the first time in 30 years, boosted business confidence. S&P also stated that since the formation of the government, debt

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November 16, 20240 Comments

Southwest Airlines plane struck by bullet before departure in Dallas By Reuters

(Reuters) – A Southwest Airlines (NYSE:) plane preparing for departure at Dallas Love Field airport was struck by a bullet late on late Friday, prompting the aircraft to return to the gate, the airline said in a statement. “Southwest Airlines Flight 2494 was set to depart for Indianapolis when a bullet apparently struck the right side of the plane, just below the flight deck, as the crew was preparing for

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