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Exclusive: In a world first, Facebook to give data on hate speech suspects to French courts

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PARIS (Reuters) – In a world first, Facebook has agreed to hand over the identification data of French users suspected of hate speech on its platform to judges, France’s minister for digital affairs Cedric O said on Tuesday. O, whose father is South Korean, is one of French President Emmanuel Macron’s earliest followers, and has Read More

Exclusive: Italy’s UniCredit puts possible Commerzbank bid on ice for now – sources

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LONDON/MILAN (Reuters) – Italy’s UniCredit has put a possible bid for Commerzbank on ice as the German rival does not want to engage in negotiations so soon after the collapse of merger talks with Deutsche Bank, four sources said. FILE PHOTO: A Commerzbank logo is pictured before the bank’s annual news conference in Frankfurt, Germany, Read More

Germany’s Metro says $6.6 billion bid undervalues company

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FRANKFURT (Reuters) – Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments further. FILE PHOTO: German retailer Metro AG sign is seen on the steps of their headquarters in Duesseldorf, Germany Read More

Cyprus ghost town becomes pawn in drilling dispute with Turkey

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By Selcan Hacaoglu on 6/19/2019 ANKARA (Bloomberg) — A ghost town in Cyprus’s Turkish-controlled north has become the latest pawn in the conflict surrounding Turkey’s drilling for natural gas off the island’s shore. The breakaway Turkish Cypriot state has ordered a study to determine owners of properties in Varosha, which had been the island’s premier Read More

Sotheby’s snapped up by French tycoon Drahi for $3.7 billion

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PARIS/BOSTON (Reuters) – Franco-Israeli cable magnate Patrick Drahi made a surprise move into the art world by snapping up Sotheby’s in a deal worth $3.7 billion, marking the art auction house’s return to private ownership after 31 years. The acquisition allows Drahi to join French billionaire Francois Pinault – who owns Sotheby’s main rival Christie’s Read More

Billionaire Patrick Drahi snaps up Sotheby’s in $3.7 billion deal

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PARIS/BOSTON (Reuters) – Patrick Drahi, the billionaire behind telecoms and media group Altice, agreed on Monday to buy Sotheby’s in a deal worth $3.7 billion, marking the storied art auction house’s return to private ownership after 31 years. FILE PHOTO: Employees take telephone bids during a contemporary art day auction at Sotheby’s in London, Britain, Read More

F-35 jets: Chinese-owned firm making parts for secret UK-US fighters

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A Chinese-owned company is making circuit boards for the top secret next generation F-35 warplanes flown by Britain and the United States, Sky News can reveal. Exception PCB, a printed circuit board (PCB) manufacturer in Gloucestershire, south west England, produces circuit boards that “control many of the F-35’s core capabilities”, according to publicity material produced Read More

Parsley Energy says it is “attractive” for any buyer

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By Stephen Cunningham on 6/14/2019 WASHINGTON (Bloomberg) — Parsley Energy Inc. said it would be “attractive” for any potential buyer as the U.S. shale driller expects to generate positive free cash flow in the back half of this year. “We are attractive for purchasers whatever type of investor it is,” CEO Matt Gallagher said in Read More

Bayer to invest 5 billion euros in weedkiller research

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FRANKFURT (Reuters) – Bayer, the German crop science and chemicals group reeling from U.S. litigation over claims its glyphosate pesticide causes cancer, said on Friday it would invest 5 billion euros ($5.64 billion) in weedkiller research. FILE PHOTO: Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Read More

Dassault Systemes targets life sciences with $5.8 billion Medidata deal

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PARIS (Reuters) – France’s Dassault Systemes moved to build up its life sciences presence with a $5.8 billion cash deal to buy Medidata Solutions, a U.S. firm focused on clinical trials. Dassault Systemes CEO Bernard Charles attends the Reuters Global Technology Summit in Paris May 17, 2010. REUTERS/John Schults Dassault Systemes has been doing deals Read More