1.VISA: Payments technology company Visa Inc said on Thursday it had signed a deal to buy European open banking platform Tink and would pay 1.8 billion euros ($2.15 billion) for the acquisition.
The total financial consideration of 1.8 billion euros included cash and retention incentives, the company said. It said Tink would retain its brand and management team, and its headquarters would stay in Stockholm.
Visa would fund the deal from cash on hand and the acquisition would have no impact on Visa’s previously announced stock buyback programme or dividend policy, it said.
In January, Visa and financial technology company Plaid called off their $5.3 billion merger agreement following a U.S. government lawsuit aimed at stopping the proposed transaction on antitrust grounds.
2.HONDA:- Honda Motor Co unveiled its latest Civic hatchback designs on Thursday, with hopes that the all-new model will become a foundation for developing cars more efficiently.
The eleventh generation model of the Civic reflects Honda’s company-wide initiative dubbed Honda Architecture, which is aimed to increase the efficiency of development and to expand parts-sharing for mass-produced cars.
Yosuke Sato, development leader for Japan’s second biggest automaker, told reporters this month the company utilised Honda Architecture to increase efficiency when developing the Civic’s engine compartment by integrating parts and arrangements for components such as an inlet air cooler.
“Successor car models will overall become more efficient,” Sato said.
Honda said in 2019 that it expected to reduce the number of man-hours spent on developing mass-production models by 30% by 2025 to accelerate its research and development in new technologies such as electrification and autonomous driving.
Honda has sold more than 27 million Civic vehicles worldwide across 10 different generational models since it was introduced in 1972. The Civic is one of Honda’s top-selling cars in the United states.
3.APPLE:- A French court has set Sept. 17 as the date for hearing a case brought by the finance ministry against Apple over allegedly abusive contractual terms imposed by the tech giant for selling software on its App Store.
The case, judged by Paris’ commercial court, is unlikely to lead to a significant fine if Apple is found guilty, based on previous similar cases. But the court could compel the iPhone maker to change some of its App Store contractual terms.
A spokesperson for Apple declined to comment.
The case echoes a complaint by “Fortnite” creator Epic Games, which is engaged in multiple lawsuits across the world against Apple since a dispute over app payment commissions surfaced last year.
The ministry’s lawsuit comes after a three-year probe by the DGCCRF consumer fraud watchdog, which comes under the remit of Finance Minister Bruno Le Maire, who ordered the investigation.
In France, the law allows the finance minister to sue companies when abusive business practices are found in contracts.
France’s leading startup lobby France Digitale has joined the case, according to a court document seen by Reuters.
“We’re going to find ourselves in a ‘heads you lose, tails I win’ situation,” said Nicolas Brien, the head of the European startup network and chief executive of France Digitale.
4.ASTRAZENECA:-COVID-19 vaccines made by AstraZeneca and the Pfizer-BioNTech alliance remain broadly effective against Delta and Kappa variants of the COVID-19 causing virus, which were first identified in India, according to a scientific study, underpinning a continued push to deliver the shots.
The study by Oxford University researchers, published in the journal Cell, investigated the ability of antibodies in the blood from people, who were vaccinated with the two-shot regimens, to neutralize the highly contagious Delta and Kappa variants, a statement said.
“There is no evidence of widespread escape suggesting that the current generation of vaccines will provide protection against the B.1.617 lineage,” the paper said, referring to the Delta and Kappa variants by a commonly used code.
However, the concentration of neutralising antibodies in the blood was somewhat reduced, which may lead to some breakthrough infections, they cautioned.
Last week, an analysis by the Public Health England (PHE) showed that vaccines made by Pfizer Inc and AstraZeneca offer high protection of more than 90% against hospitalization from the Delta variant.
“We are encouraged to see the non-clinical results published from Oxford and these data, alongside the recent early real-world analysis from Public Health England, provide us with a positive indication that our vaccine can have significant impact against the Delta variant,” AstraZeneca executive Mene Pangalos said in a separate statement.
5.AMAZON – Amazon shares slipped 0.5% during Wednesday’s session after revealing numbers for its 48-hour Prime Day mega sales event.
While the company never discloses total Prime Day sales, according to Adobe Analytics, online retail sales amounted to $5.6 billion on Monday, the first day of Prime Day, and $5.4 billion on Tuesday.
Monday was thus the biggest day for digital sales this year and Tuesday the second most, according to Adobe. Prime Day 2020 had generated $10.4 billion in overall U.S. digital revenue, as per Adobe.
For the second consecutive year, Amazon said merchants’ Prime Day sales grew more than Amazon Retail, its first-party retail business.
It said Prime Day delivered the two biggest days of savings ever for small and medium businesses in Amazon’s stores worldwide as members purchased more than 250 million items.
The online retail giant had pushed up the Prime Day from July this time.
Best-selling categories worldwide for Prime Day 2021 included tools, beauty, nutrition, baby care, electronics including Amazon devices, apparel, and household products