Canadian Pacific to buy Kansas City Southern for $25 billion: FT

(Reuters) – Canadian Pacific Railway Ltd has agreed to buy Kansas City Southern for $25 billion, the Financial Times said on Saturday, citing people with knowledge of the matter. Canadian Pacific’s cash and stock offer values Kansas City Southern at $275 per share, the report on.ft.com/3c7f0Z2 said, a 23% premium over Friday’s close. The deal comes amid expectations of a […]

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Turkey's Erdogan quits European treaty on violence against women

ANKARA (Reuters) – President Tayyip Erdogan pulled Turkey out of an international accord designed to protect women, the government said on Saturday, prompting criticism from those who said it was necessary to tackle rising domestic violence. The Council of Europe accord, called the Istanbul Convention, pledged to prevent, prosecute and eliminate domestic violence and promote equality. Turkey signed it in […]

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'Not all SPACs are created equal': A top VC and Shark Tank investor details 3 qualities to look for in blank-check firms — and outlines 2 trends to watch

Matt Higgins, a venture capitalist and guest Shark Tank investor, recently launched a SPAC. He breaks down what it means to be an operator-led SPAC. He shares the qualities investors should look for when evaluating SPACs as well as two trends to watch. See more stories on Insider’s business page. Special purpose acquisition company issuance hit a new all-time record […]

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Exclusive: Global Fund says HIV group it funded in Ghana committed sexual abuse

GENEVA (Reuters) – Executives of a Ghanaian organisation supporting people living with HIV and AIDS demanded sex acts and money in exchange for access to benefits, the Global Fund said late on Friday in an investigation into the group it funded. The 18-page report entitled “Misconduct affecting Global Fund grants” details how representatives of the Ghana Network Association of People […]

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After fiery start, U.S. officials conclude 'tough' talks with China in Alaska

ANCHORAGE, Alaska (Reuters) – U.S. and Chinese officials concluded on Friday what Washington called “tough and direct” talks in Alaska, which laid bare the depth of tensions between the world’s two largest economies at the outset of the Biden administration.U.S. Secretary of State Antony Blinken (L) and National Security Advisor Jake Sullivan address the media following the closed-door morning talks […]

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Rise in bond yields reflects economic optimism: Fed's Barkin

(Reuters) – Richmond Federal Reserve Bank President Thomas Barkin on Friday signaled little concern over the recent rise in longer-term U.S. borrowing costs, chalking up the move to economic optimism and expectations for higher inflation.FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, U.S., May […]

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G7 agrees to back expansion of IMF financial firepower

LONDON/WASHINGTON (Reuters) – The world’s seven largest advanced economies have agreed to support the first expansion of the International Monetary Fund’s reserves since 2009, a step meant to help developing countries cope with the coronavirus pandemic, Britain said on Friday.FILE PHOTO: A boy walks in front of a graffiti promoting the fight against the coronavirus disease (COVID-19) in the Mathare […]

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Telecom Italia shares drop as uncertainty clouds single network project

MILAN (Reuters) – Shares in Telecom Italia fell more than 6% on the Milan bourse on Friday on growing uncertainty over Italy’s plans for a single super-fast broadband network.FILE PHOTO: A Telecom Italia’s control unit for fiber optics is seen in Perugia, Italy, June 23, 2017. REUTERS/Alessandro Bianchi/File PhotoRome has been trying to create a national network by merging Open […]

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