Twitter’s Moments Feature Is Now Available for Mobile Users

Social networking website Twitter recently opened its Moments feature to all users. The feature essentially allows users to curate various tweets that are relevant to a particular topic and present them in a collective form. However, this feature was available only to users of the Web interface till now. Twitter has now announced that users will now be… Read More »

Facebook Reportedly Working on Snapchat-Like Discover Feature

In yet another attempt to take on photo sharing mobile service Snapchat, Facebook is working on a new feature which will showcase lists of curated content from publishers directly in the News Feed. “The feature called ‘Collections’ functions similarly to Snapchat’s Discover section, showcasing news stories, videos and the company is reportedly asking publishers to create more content,”… Read More »

Facebook Uses Survey to Curb Fake News

In an effort to stop the proliferation of fake news, Facebook has initiated a “Survey” that asks users to what extent they think an article uses misleading language. According to a report in TechCrunch, Facebook has confirmed that this is an official effort to curb the spread of misinformation. “The company uses surveys somewhat like this to test… Read More »

Euro skids, shares hit after Italy votes ‘no’ on reform

The euro fell to a 20-month low on Monday and investors fled riskier assets after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilize the country’s shaky banking system. Renzi’s defeat deals a body blow to a European Union already reeling under anti-establishment anger that led to the… Read More »

Oil prices fall as production creeps up ahead of announced 2017 output cut

Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. Brent crude futures were trading at $53.89 per barrel at 0132 GMT, down 57 cents, or… Read More »

ECB’s Villeroy: can’t compare Italy “No” vote to Brexit

Italian voters’ defeat of a referendum on constitutional reforms cannot be compared to Britain’s vote to leave the European Union, European Central Bank policymaker Francois Villeroy de Galhau said on Monday. Policymakers will still look closely at the consequences of Italy’s decision, Villeroy, who is also governor of the Bank of France, said at a seminar in Japan.… Read More »

Burberry rejects multiple takeover offers from Coach

British luxury fashion brand Burberry (BRBY.L) has rejected multiple takeover offers from U.S. handbag maker Coach Inc (COH.N), the Financial Times reported on Sunday. The market value of the combined company would have been above $20 billion (16 billion pounds), according to the Financial Times. (on.ft.com/2gRcis1) The report said proposals made by the U.S. company were informal and… Read More »

UK shop prices fall again, but Brexit cost pressures build

Prices in British shops fell in November at the same rate as in October, but rising cost pressures linked to the decision by voters to leave the European Union are likely to feed into high street prices next year, an industry survey said on Monday. Shop prices fell 1.7 percent last month, driven lower by food prices, the… Read More »

HK tycoon makes $5.4bn offer for Australian energy firm

Cheung Kong Infrastructure (CKI) has made an unsolicited offer to acquire Australian energy firm Duet Group for $5.4bn (£4.2bn). CKI is a Hong Kong-based conglomerate, owned by billionaire Li Ka-shing. The offer represents a 28% premium on Duet’s share price, when last traded on Friday. Any formal bid by CKI would be subject to approval from Australia’s Foreign… Read More »

Shenzhen-Hong Kong trading scheme kicks off

Investors in Hong Kong can buy stocks on the Shenzhen Stock Exchange and vice-versa from today, following the official launch of the Shenzhen – Hong Kong trading link. The link was supposed to launch at the end of last year, but was delayed due to Chinese market volatility. Shenzhen has been promoted as a hub for technology and… Read More »