STRASBOURG (Reuters) – EU nations will be required to share data on 5G cybersecurity risks and produce measures to tackle them by the end of the year, the European Commission said on Tuesday, shunning U.S. calls to ban China’s Huawei Technologies across the bloc. The aim is to use tools available under existing security rules […]

(Reuters) – Citigroup Inc said on Tuesday it is developing a consumer-payments platform, in a move to enter the rapidly growing digital payments industry. Citi’s new service will offer merchants a range of consumer payment options to collect money, including from credit cards and e-wallets, the company said. This will expand its product portfolios within […]

It was a potentially sweeping proposal from a Texas regulator: Companies that use a “digital network” to dispatch workers the way Uber does could label them contractors rather than employees. The proposal, made in December, was a turning point in a campaign that has played out in legislatures and courts in numerous states, and even […]

(Reuters) – U.S. stock index futures edged higher on Tuesday, looking to bounce back from two sessions of declines triggered by pessimism around global growth. Wall Street’s benchmark S&P 500 index has lost about 2 percent over the past two sessions, but remains up about 12 percent for the year. Markets have been roiled over […]

SAN FRANCISCO (Reuters) – Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering.     Uber said late Monday night it would pay $1.4 billion in cash and $1.7 billion in convertible notes in a […]

(Reuters) – Purdue Pharma LP has agreed to settle a lawsuit by the state of Oklahoma accusing the OxyContin painkiller maker of helping fuel an opioid abuse epidemic, a person familiar with the matter said. It is the first settlement to result from a wave of recent lawsuits over the drugmaker’s marketing of painkillers. The […]

FINANCIAL services firm IFG is to be sold to private equity firm Epiris GP for £206m (€240.6m). Shares in the company, which is listed in both Dublin and London, shot up over 43pc yesterday following the news. The offer, which works out at 193p per share, will see SaintMichelCo (‘Bidco”) acquire the entire share capital […]

TOKYO (Reuters) – Asian shares were shaky on Tuesday after U.S. Treasury yields sank to their lowest since late 2017, further below short-term interest rates and adding to fears of a U.S. recession. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat in early trade after two days of losses. Japan’s Nikkei rebounded 1.1 […]

Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ The outrage that surrounded the recent college admissions scandal underscored an American peculiarity: We believe in the meritocracy of our society in the face of overwhelming evidence that it does not exist. Fifteen years ago, […]

A single speed camera has been responsible for £5million worth of fines, after catching more than 300 drivers a week for three years. The camera patrols a stretch of dual carriageway in Southampton where the limit is 30pmh, and has issued 51,049 tickets between the start of 2015 and the end of 2017. AA president […]