Town Hall News

By Emilio Parodi MILAN (Reuters) – Drugs cartels operating in Italy are increasingly using shadow networks of unlicensed Chinese money brokers to conceal cross-border payments, according to Italian judicial and law enforcement authorities. The development highlights how an issue that U.S. authorities have been battling in connection to Latin American narcotics groups has taken root in Europe. In Italy, authorities are seeing an increased use of the money transfer networks, […]

By Emilio Parodi MILAN (Reuters) – Drugs cartels operating in Italy are increasingly using shadow networks of unlicensed Chinese money brokers to conceal cross-border payments, according to Italian judicial and law enforcement authorities. The development highlights how an issue that U.S. authorities have been battling in connection to Latin American narcotics groups has taken root in Europe. In Italy, authorities are seeing an increased use of the money transfer networks, […]

By Joe Brock SINGAPORE (Reuters) – Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project, four people involved in the deal told Reuters. The plan is a sign that an intensifying tech war between Beijing and Washington risks tearing the fabric of the internet. China’s three main carriers – China […]

By Joe Brock SINGAPORE (Reuters) – Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project, four people involved in the deal told Reuters. The plan is a sign that an intensifying tech war between Beijing and Washington risks tearing the fabric of the internet. China’s three main carriers – China […]

MADRID (Reuters) – FC Barcelona will finish repaying the debt taken on to finance a revamp of its stadium five years earlier than previously agreed after renegotiating a 1.5 billion euro ($1.6 billion) financial plan with Goldman Sachs and JP Morgan, according to a report in Spanish news website El Confidencial and newspaper La Vanguardia on Thursday. The interest rate will be 5.5%, according to the reports, although the Club […]

MADRID (Reuters) – FC Barcelona will finish repaying the debt taken on to finance a revamp of its stadium five years earlier than previously agreed after renegotiating a 1.5 billion euro ($1.6 billion) financial plan with Goldman Sachs and JP Morgan, according to a report in Spanish news website El Confidencial and newspaper La Vanguardia on Thursday. The interest rate will be 5.5%, according to the reports, although the Club […]

By Joe Brock SINGAPORE (Reuters) – Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project, four people involved in the deal told Reuters. The plan is a sign that an intensifying tech war between Beijing and Washington risks tearing the fabric of the internet. China’s three main carriers – China […]

By Joe Brock SINGAPORE (Reuters) – Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project, four people involved in the deal told Reuters. The plan is a sign that an intensifying tech war between Beijing and Washington risks tearing the fabric of the internet. China’s three main carriers – China […]

LONDON (Reuters) -Britain is to investigate Amazon.com’s anticipated takeover of robot vacuum maker iRobot Corp, the country’s competition regulator said on Thursday. The e-commerce giant’s planned $1.7 billion acquisition of iRobot, aimed at expanding its stable of smart home devices, is already being reviewed by the U.S. Federal Trade Commission. Britain’s Competition and Markets Authority said it is also now considering whether the deal could reduce competition in the connected […]