Daily business and technology news:
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September 15, 2021 (last updated at 8.30 am)
- Market news: Wall Street retreats closing sharply lower despite data indicating inflation pressures are easing, Asian stocks look set to fall.
- Japanese manufacturers‘ confidence fall to a five-month low in September as the latest wave of coronavirus puts fresh pressure on the world’s third-largest economy, the Reuters Tankan poll shows.
- Digital yuan goes head to head with Alipay and WeChat Pay, goes all out promoting to a population to make the switch to the e-yuan.
- UK finance minister says private equity firms’ interest in British businesses is a sign of confidence in UK’s economy.
- Universal Music Group, the world’s largest music company, publishes IPO prospectus ahead of US$39 billion listing.
- Boeing sees the commercial aviation market to fully recover by 2024, projects a US$9 trillion aerospace market over the next decade.
- August video games sales up 7% boosted by consoles, due to stay-at-home entertainment triggered by the pandemic.
- Microsoft announces new share buyback of up to US$60 billion, raises the quarterly dividend by 11%.
- Sports data and analytics company, Sportradar, goes public with US$8 billion valuation, as sports data takes off, mining 600,000 sports events over almost two decades.
- Facebook finds that its photo-sharing app is harmful to a significant percentage of teenagers, according to a Wall Street Journal report.
- SoftBank to commit US$3 billion to kickstart a second fund focuses on investing in technology companies in Latin America.
- TikTok unveils tools in app to support users facing mental health issues.
- EV start-up Rivian beats Tesla, GM, Ford as first automaker to produce electric pickup.
- The eight biggest announcements at Apple’s iPhone 13 event.
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