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Russia’s FSB reports ‘unprecedented’ hacking campaign aimed at government agencies

Foreign hackers compromised Russian federal agencies in a digital espionage campaign that Russian officials described as unprecedented in scope and sophistication.

Markets

TikTok owner ByteDance launches share buyback after shelving IPO plans – sources

ByteDance, the Chinese owner of short video platform giant TikTok, launched a share buyback this week for current and former employees, two people with direct knowledge of the matter said on Wednesday.

Markets

Quantum Group pitches Lamborghini bid to Volkswagen

Swiss-based Quantum Group said on Wednesday its bid for Volkswagen's Lamborghini unit could transform the sports car brand into a "spearhead of innovation" in technology and clean energy to the benefit all shareholders.

Markets

Temasek-backed Flywire valued at US$3.4 billion in US debut

REUTERS: Temasek Holdings-backed payments firm Flywire Corp was valued at US$3.39 billion in its Nasdaq debut on Wednesday. The company's shares opened at US$34 each, up from the initial public offering price of US$24 apiece. (Reporting by Niket Nishant in Bengaluru; Editing by Vinay Dwivedi)

Markets

U.S firms GM, Lockheed aim for the moon with lunar rover venture

U.S. firms General Motors (GM) and Lockheed Martin Corp will develop a vehicle to drive NASA astronauts around on the moon's surface, they said on Wednesday, competing for a space project that could also promote their brands on earth.

Markets

Germany’s Scholz expects “revolution” in global tax rules within a few weeks

German Finance Minister Olaf Scholz said on Wednesday that he expected a breakthrough agreement on a global corporate minimum tax and new rules to tax cross-border digital services within a few weeks.

Markets

Court orders Royal Dutch Shell to cut carbon emissions

THE HAGUE: A Dutch court has ordered Royal Dutch Shell to cut its carbon emissions by net 45 per cent by 2030 compared to 2019 levels in a landmark case brought by climate activist groups. The ruling on Wednesday (May 26) by The Hague District Court could set a...

Markets

Spanish PM touts EU recovery plan opportunities to China’s Xi

Spanish Prime Minister Pedro Sanchez discussed opportunities for China to co-invest in projects financed by European Union recovery funds with Chinese President Xi Jinping in a telephone conversation on Wednesday.

Markets

Timeline: Amazon’s major acquisitions over the years

Amazon.com Inc on Wednesday snapped up MGM, the fabled U.S. movie studio behind the James Bond franchise, for US$8.45 billion, in what will be its second-biggest acquisition ever as the e-commerce giant moves deeper into several sectors.

Markets

Indian government exceeded powers with encryption-breaking rule – WhatsApp filing

India's government exceeded its legal powers by enacting rules that companies such as WhatsApp say will force them to break end-to-end message encryption, the messaging app owned by Facebook argued in a court filing seen by Reuters.

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