Day: May 17, 2020

Warsaw’s open-air Chopin concerts move online due to coronavirus

WARSAW (Reuters) – Lovers of Frederic Chopin’s music who usually flock to a central Warsaw park on Sundays for open-air concerts will have to go online this season to hear the weekly performances because of restrictions imposed to curb the spread of the coronavirus.

Pianist Karol Radziwonowicz plays Chopin’s concert during recording for online release, amid the outbreak of the coronavirus disease (COVID-19) in Warsaw, May 6, 2020. Picture taken May 6, 2020. Radoslaw Zawadzki/Stoleczna Estrada/Handout via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.

The concerts are a key event in the Polish capital’s summer cultural calendar, with performers serenading citizens in the elegant setting of the Royal Lazienki Park with concertos, nocturnes and other masterworks by the great romantic composer.

But for the first time in more than six decades, the green square dotted with benches near a statue of Chopin had only

Read More

Senator Klobuchar says Uber, Grubhub combination would be anticompetitive

FILE PHOTO – U.S. Democratic presidential candidate Amy Klobuchar speaks at a North Carolina Democratic Party event in Charlotte, North Carolina, U.S., February 29, 2020. REUTERS/Lucas Jackson

(Reuters) – U.S. Senator Amy Klobuchar on Sunday blasted merger talks between ride-hailing firm Uber Technologies Inc and online food delivery company Grubhub Inc , calling any deal bad for competition and consumers.

The two companies have discussed an all-stock combination, Reuters reported earlier this month. A merger would give Uber Eats’ money-losing food delivery service a leg up on market leader DoorDash at a time when the coronavirus pandemic has upended Uber’s business of shuttling people from place to place.

“If Uber takes over Grubhub it isn’t good for competition and it isn’t good for you,” the Democrat from Minnesota tweeted. “When big companies corner the market it usually means more for them and less for you, especially in a pandemic.”


Read More

Reliance in $870 million General Atlantic deal as Jio Platforms funding tops $8 billion

NEW DELHI (Reuters) – India’s Reliance Industries (RELI.NS) on Sunday announced U.S. fund General Atlantic will invest 65.98 billion rupees ($870 million) in Jio Platforms, a fourth deal that takes investment in its digital unit to over $8 billion in less than a month.

FILE PHOTO – The logo of Reliance Industries is pictured in a stall at the Vibrant Gujarat Global Trade Show at Gandhinagar, India, January 17, 2019. REUTERS/Amit Dave

General Atlantic will pick up a 1.34% stake in Jio Platforms which includes movie, music apps as wells telecoms venture Jio Infocomm.

The deal puts Jio Platform’s equity value at 4.91 trillion rupees and gives it an enterprise value of 5.16 trillion, Reliance said in a statement.

Reliance, controlled by billionaire Mukesh Ambani, last month forged a $5.7 billion deal with Facebook for a 9.99% stake in Jio Platforms.

Days later it secured a $750 million

Read More