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Arm listing may boost return to IPOs
The initial public offering of British chip designing giant Arm, announced on Monday, could signal a rebound in companies introducing their shares on stock markets after a year of relatively few such listings. In documents filed on Monday, Arm said it planned to list on the Nasdaq, seven years after quitting London's stock exchange after being purchased by Japan's SoftBank.
Kenyan court says Meta and sacked moderators to pursue settlement
Some 184 content moderators and Facebook's parent company Meta have agreed to pursue an out of court settlement in a lawsuit claiming unfair dismissal, court documents seen by AFP show. "The parties shall pursue an out of court settlement of this petition through mediation," the documents dated xxx said.
Eurozone economic downturn deepens in August
The eurozone economy is contracting at its fastest rate in three years as a steep decline in manufacturing begins to spread to services, a key survey said Wednesday. The data showed the eurozone service sector fell into decline in August, recording the first contraction in activity since last December.
Swatch can challenge Malaysia's Pride watch seizure, court rules
A Malaysian court ruled Wednesday that Swatch can challenge the seizure of more than 100 Pride-themed watches, the Swiss company's lawyer said.
Markets rally fades as traders nervously await Powell speech
Asian markets drifted between gains and losses Wednesday with traders struggling to maintain momentum from the previous day's much-needed bounce as they contemplate an extended period of elevated interest rates. A rally in Nvidia helped propel gains in global markets earlier this week, though traders could not keep up the buying owing to ongoing rate worries.
Big tech to face full force of new EU law
The world's biggest digital companies will have nowhere to hide starting Friday, when the toughest EU rules on online content since social media first burst onto the scene enter into force. The Digital Services Act (DSA) forces companies to more aggressively police digital content and protect online users from disinformation and hate speech, or face the risk of heavy fines.
As wildfires multiply, a new era of air pollution
From Quebec to British Columbia to Hawaii, North America is facing an extraordinary wildfire season -- and regions both near and far have found themselves increasingly blighted by smoke exposure. That breadth of knowledge is lacking for wildfire smoke, explained Christopher Carlsten, director of the Air Pollution Exposure Laboratory at the University of British Columbia.
UPS workers ratify contract, averting strike: Teamsters
The Teamsters union announced Tuesday that UPS workers overwhelmingly voted to ratify a new labor contract, officially ending the risk of an economically harmful strike.
Sandwich chain Subway nears deal to be bought for more than $9bn: source
The Subway sandwich chain is near a deal to be acquired for more than $9 billion in a transaction that could be announced as soon as Wednesday, a person familiar with the matter said. Bids for the sandwich chain were due Tuesday, the person said, with competing offers from Roark Capital and a consortium that includes private equity firms TDR and Sycamore.
AFP
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