SAN FRANCISCO – Roku’s stock tumbled 11 percent on Monday and was on track for its first loss since the music streaming company’s public listing last week, even after it unveiled a lineup of new devices. The Los Gatos, California company is riding a wave of consumers abandoning cable TV and switching to online content, but it faces competition from larger rivals. Following a two-day rally last week, the stock remains up 68 percent from…"Roku slumps 11 percent, on track for first down day"
LONDON – Britain’s ambassador to Myanmar was forced to interrupt Foreign Secretary Boris Johnson earlier this year as he tried to recite a nostalgic colonial poem by Rudyard Kipling in public during a visit to the country’s most famous Buddhist site. Johnson, who helped lead the Leave campaign in the 2016 Brexit referendum, is caught on camera starting to recite Kipling’s poem, Mandalay, after striking a bell at the Shwedagon pagoda in Yangon. “The temple…"‘Not appropriate,’ envoy tells Britain’s Boris over Kipling poem in Myanmar"
LONDON – British Foreign Secretary Boris Johnson has said a transition period from the European Union after Britain’s exit from the bloc in March 2019 must not last more than two years. In an interview with The Sun newspaper on Saturday, on the eve of the governing Conservative Party’s annual conference, Johnson detailed four “red lines” for Brexit that appear to go beyond the agreed position of Prime Minister Theresa May’s cabinet. In addition to…"Britain’s Boris Johnson wants maximum two-year Brexit transition"
HELSINKI – Rovio , the maker of hit mobile game “Angry Birds,” will look to buy up other players in the gaming industry following its listing on Friday, its main owner Kaj Hed said. The Finnish company’s shares got off to a flying start on their stock market debut, trading up as much as 7 percent from their initial public offering price (IPO) of 11.50 euros. Hed, who cut his stake from 69 percent to…"Flying high after IPO, Angry Birds maker looks to swoop on rivals"
UNITED NATIONS/YANGON – U.S. Ambassador to the United Nations Nikki Haley on Thursday called on countries to suspend providing weapons to Myanmar over violence against Rohingya Muslims until the military puts sufficient accountability measures in place. It was the first time the United States called for punishment of military leaders behind the repression, but stopped short of threatening to reimpose U.S. sanctions which were suspended under the Obama administration. “We cannot be afraid to call…"U.S. envoy to U.N. demands Myanmar prosecutions, weapons curbs, over Rohingya"
ABUJA (Thomson Foundation) – Listening to her young daughter read aloud from a bright yellow diary in their home in Nigeria, Rebecca Samuel struggled to hold back tears. But these were tears of joy, rather than sorrow. For the first time since 2014 when her firstborn, Sarah, was abducted from Chibok with about 220 other girls – the biggest publicity coup of Boko Haram’s jihadist insurgency – Samuel has hope that her daughter is still…"Diaries offer hope to family of Chibok bride in captivity"
– Shares of video streaming firm Roku Inc rose more than 67 percent in their market debut on Thursday, giving the U.S. IPO market a much-needed shot in the arm. Roku ended trading on the Nasdaq with a share price of $23.50, giving it a market capitalization of about $2.23 billion. The IPO market is struggling to finish on a high note even though it has already notched more money so far this year than…"Roku connects with investors in debut, shares soar over 67 percent"
PARIS – The chief executive of French telecoms company Orange said he did not see at present opportunities for large pan-European mergers and ruled out buying a stake in media group Vivendi, according to remarks published on Thursday. French and German leaders have for years called for the creation of “European champions” such as Airbus to capitalize on the strengths of Europe’s single market and create the scale needed to compete with U.S. and Asian…"France’s Orange CEO sees little prospects for pan-European mergers: Les Echos"
WASHINGTON – The top U.S. communications regulator urged Apple Inc on Thursday to activate FM radio chips in iPhones that would allow Americans access to life-saving information when a natural disaster takes out wireless networks, but the company said its newer models do not have the chips. Federal Communications Commission Chairman Ajit Pai said Apple was the one major phone manufacturer that has not activated the chips. “I hope the company will reconsider its position,…"FCC says Apple should activate iPhones’ FM radio chip, but newer phones don’t have"
DAKAR – Senegalese start-ups are testing a fledgling market for online music platforms in French-speaking West Africa, where interest in digital entertainment is growing but a lack of credit cards has prevented big players from making inroads. Long celebrated in Europe for their contribution to “world” music – with Mali’s Salif Keita, Senegal’s Youssou N‘Dour and Benin’s Angelique Kidjo household names in trendy bars – West African musicians have struggled to make money back home,…"Senegalese music start-ups race to be West Africa’s Spotify"