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Australian shares slide on rising COVID-19 cases; tech stocks drag

Australian stocks slid on Tuesday as rising COVID-19 cases in the state of Victoria dented sentiment, with investors eyeing a rate decision by the country's central bank later in the day.

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Russia's Newsru media outlet announces closure, blames political situation

Russian online news site Newsru announced on Monday it was closing for economic reasons, saying that advertisers were steering clear of it because its story selection did not follow pro-Kremlin state media.

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CNN drops former senator Rick Santorum after remarks on Native American culture

Former Republican U.S. senator Rick Santorum has been dropped as a senior political commentator by CNN after remarks he made about Native American culture drew criticism.

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Factbox: Who is the journalist Belarus arrested by forcing a Ryanair plane to land?

Authorities in Belarus scrambled a fighter jet and flagged what turned out to be a false bomb alert to force a Ryanair plane to land on Sunday and then detained a journalist onboard, Roman Protasevich, drawing criticism from across Europe.

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Britain clears $44 billion Virgin-O2 merger to take on BT

3 Min Read
LONDON/MADRID (Reuters) - Britain’s competition regulator cleared a $44 billion merger between broadband company Virgin Media and Telefonica’s UK mobile network O2 on Thursday, after a months-long review.
FILE PHOTO: A man walks past an O2 phone store in Manchester, Britain March 7, 2016. REUTERS/Phil Noble
Virgin owner Liberty Global and Spain’s Telefonica, who agreed a year ago to forge a broadband and mobile powerhouse to challenge market leader BT, hailed the decision as “a watershed moment in the history of telecommunications in the UK”.
“We are reassured that competition amongst mobile communications providers will remain strong and it is therefore unlikely that the merger would lead to higher prices or lower quality services,” Martin Coleman of Britain’s Competition and Markets Authority (CMA) said.

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Motor racing-Mercedes F1 boss warns of 'bendy wing' protests

3 Min Read
(Reuters) - Mercedes team boss Toto Wolff warned on Thursday of possible protests and court action if Formula One’s governing body did not speed up a ‘half-baked’ clampdown on flexible rear wings.
FILE PHOTO: Formula One F1 - Pre-Season Testing - Bahrain International Circuit, Sakhir, Bahrain - March 13, 2021 McLaren Team Principal Andreas Seidl arrives ahead of testing REUTERS/Hamad I Mohammed
The Austrian spoke after McLaren principal Andreas Seidl said some rivals were gaining an unacceptable advantage because the International Automobile Federation (FIA) had put off action until June 15.
“Delaying the introduction for whatever reason leaves us in a legal vacuum and leaves the door open for protests,” Wolff, whose team have won the last seven drivers’ and constructors’ titles, told reporters at the Monaco Grand Prix.

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CORRECTED-UPDATE 2-Bouygues ups telecoms guidance, signals more investments

French conglomerate Bouygues posted a smaller than expected first-quarter core loss on Thursday and raised the full-year earnings guidance for its telecoms business, helped by market share gains in mobile and fixed services.

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Italy's Berlusconi family sells Mediobanca stake

By Reuters Staff
3 Min Read
MILAN (Reuters) - Former Italian Prime Minister Silvio Berlusconi’s family has sold its 2% stake in Mediobanca, in the latest change affecting the shareholder base of Italy’s top investment bank.
FILE PHOTO: A logo of Mediobanca is pictured at Mediobanca headquarters in Milan, Italy, November 12, 2019. REUTERS/Flavio Lo Scalzo/File Photo
The Berlusconi family’s holding company Fininvest said on Monday that the transaction, from which it pocketed 174 million euros ($211 million), was part of a readjustment of its financial investment portfolio.
The ownership of Mediobanca has been in flux since a core of long-term investors in the Milanese bank dissolved, paving the way for eyewear billionaire Leonardo Del Vecchio to emerge as its single biggest shareholder.

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Swisscom, Sunrise report internet access problems in Switzerland

By Reuters Staff
1 Min Read
ZURICH, May 14 (Reuters) - Swisscom reported a large outage issue affecting internet access for some customers in Switzerland on Friday.
Its website referred to a “major malfuntion” that it was working to remedy, giving no estimated time for restoration of full service.
Rival Sunrise also reported an internet outage for some customers.
Reporting by Michael Shields; editing by Jason Neely

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UPDATE 2-Mediaset plans to move legal base to the Netherlands, drop loyalty share scheme

(Adds details on results)
MILAN, April 26 (Reuters) - Mediaset said on Monday it would ask shareholders to approve moving the Italian broadcaster’s legal headquarters to the Netherlands in a fresh effort to pursue international expansion.
Mediaset was previously forced to shelve plans to set up a Dutch holding company that would make it easier for the group to seek European tie-ups because of opposition from its second-biggest investor, Vivendi, which fought the project in courts across Europe.
In an apparent offer of an olive branch to Vivendi, Mediaset also said it would ask shareholders on May 27 to scrap a loyalty share scheme that Vivendi had challenged in court.

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