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Texas power regulator cuts service fees, takes no action on repricing

The Texas power regulator on Friday voted to remove about US$1 billion in service fees levied on grid users but took no action on petitions asking it to cut high power prices during a mid-February cold snap.

Markets

S&P 500, Nasdaq fall as yields spike

The S&P 500 slipped on Friday after hitting an all-time high in the prior session, as a spike in U.S. bond yields revived inflation worries and dented appetite for high-growth stocks.

Markets

US passenger airline traffic fell 63per cent in January: USDOT

U.S. airline passenger traffic fell 63.3per cent in January, as the industry recorded its worst month since September amid COVID-19 concerns, the U.S. Transportation Department said Friday.

Markets

Rubio brings bipartisan support to Amazon union push

U.S. Senator Marco Rubio on Friday became the first high-profile Republican lawmaker to support a growing push to unionize Amazon.com Inc workers in Alabama, after several Democratic lawmakers visited the company's facility last week.

Markets

UK urges organisations to install Microsoft updates urgently

Britain's cyber security body urged organisations to install the latest Microsoft Exchange Server updates as a matter of urgency on Friday, after the company became aware of flaws that have led to large-scale access to the email server.

Markets

Texas power regulator to cut service fees, no action on repricing

The Texas power regulator on Friday voted to remove about US$1 billion in service fees levied on grid users but took no action on petitions asking it to cut high power prices during a mid-February cold snap.

Markets

China’s Ant Group CEO leaves after failed IPO prompts revamp

China's Ant Group Chief Executive Officer Simon Hu has unexpectedly resigned amid a regulatory-driven overhaul of the financial technology giant's business, the first top management exit since a scuppered US$37 billion initial public offering.

Markets

Uber wins Dutch court case over data brought by British drivers

A Dutch court has dismissed claims by a group of British Uber drivers that sought access to the data that the ride hailing company collects about them.

Markets

Microsoft says ransom-seeking hackers taking advantage of server flaws

Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft's widely used mail server software, a researcher said late Wednesday - a serious escalation that could portend widespread digital disruption.

Markets

US investment firm orders 24 Boeing 737 MAX planes

NEW YORK: Investment firm 777 Partners has ordered 24 of Boeing's 737 MAX 8 aircraft, with an option to order 60 more, the firms announced on Friday (Mar 12). The order is worth US$2.9 billion for the aerospace giant as it works to recover from the crisis sparked by...

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