Microsoft’s gaming ambitions faltered when the US tried to block the Activision deal

WASHINGTON, Dec. 8 (Reuters) – The Biden administration on Thursday decided to block Microsoft’s (MSFT.O) $69 billion bid to buy “Call of Duty” maker Activision Blizzard, posing a stumbling block for the tech giant’s plans to quickly expand its portfolio of popular games and catch up with bigger rivals. Microsoft, which owns the Xbox console … Read more

S&P 500 is recovering as investors notice rate hikes on the back of rising jobless claims

Weekly jobless claims are rising in line with estimates Moderna, Pfizer Up as FDA Approves Updated COVID Boosters Exxon climbs after stimulating buyback program Indexes up: Dow 0.76%, S&P 0.98%, Nasdaq 1.45% Dec 8 (Reuters) – The S&P 500 index (.SPX) rose on Thursday and appeared on track to break a five-session losing streak as … Read more

US weekly jobless claims rise; continued claims at 10-month high

Weekly jobless claims increase by 4,000 to 230,000 Continuing claims increase by 62,000 to 1.671 million WASHINGTON, Dec. 8 (Reuters) – The number of Americans filing new claims for unemployment benefits rose slightly last week, while the unemployment rate hit a 10-month high in late November, suggesting the job market was gradually slowing. Still, labor … Read more

China’s Xi pays ‘groundbreaking’ visit to Saudi Arabia as Riyadh annoyed by US disapproval

RIYADH, Dec 7 (Reuters) – Chinese President Xi Jinping on Wednesday began a visit to Saudi Arabia in what Beijing said was its biggest diplomatic initiative in the Arab world as Riyadh expands global alliances beyond an already longstanding partnership with the West. The meeting between the global economic powerhouse and the Gulf energy giant … Read more

India’s tax panel may fail to reach consensus on how to tax online gaming – source

NEW DELHI, Dec 5 (Reuters) – A panel of Indian finance ministers has yet to submit its report on taxation of the burgeoning online gambling sector, which is crucial to a final decision on how the charges should be imposed, a senior government official said on Monday . The panel spent weeks considering how to … Read more

Chinese services activity shrinks to 6-month low – Caixin PMI

BEIJING, Dec. 5 (Reuters) – China’s services activity contracted to a six-month low in November as mounting COVID containment measures weighed on demand and activity, a private sector business survey found on Monday, pointing to a further blow to economic growth. The purchasing managers’ index (PMI) of Caixin/S&P Global services fell from 48.4 to 46.7, … Read more

India plans federal oversight of all real money online games

NEW DELHI, Dec 4 (Reuters) – India’s planned regulation of online gambling will apply to all real money games after the Prime Minister’s office rejected a proposal to regulate only games of skill and omit gambling, according to a government document and three sources. The much-anticipated regulations are seen as defining the future of India’s … Read more

Exclusive: Twitter exec says to move fast with moderation as malicious content increases

Dec 2 (Reuters) – Elon Musk’s Twitter is leaning heavily on automation to moderate content, doing away with certain manual reviews and favoring distribution restrictions rather than removing certain speech outright, the new head of trust and security told Reuters. Twitter is also more aggressively restricting abusive hashtags and search results on topics such as … Read more

Wall St losses capped as Amazon wins on happy Cyber ​​Monday

Cyber ​​Monday spends record $11.6 billion – report Biogen down after death in Alzheimer’s drug trial Indices Off: Dow 0.47%, S&P 0.60%, Nasdaq 0.35% Nov 28 (Reuters) – Wall Street’s major indices fell on Monday amid concerns over protests in major Chinese cities against strict COVID-19 policies, though gains at Amazon helped limit losses as … Read more

Reality puts an end to some Qatari dreams of World Cup rental bonanza

Agency says Qatar hotel group demanded new payments Some rates have been reduced, but many properties are vacant Broker says some landlords were seeking unrealistic rents DOHA, Nov 25 (Reuters) – Qatar has faced an unexpected oversupply of rooms in the busy group stage of the World Cup, with online portals showing rooms in at … Read more