Macquarie backs drone map, electric-vehicle businesses

NEW YORK (Reuters) – Macquarie Group, the world’s largest manager of infrastructure assets, has seeded money in a map system for drones and an electric-vehicle sharing business, it said on Monday. The investments highlight how money managers are looking beyond traditional infrastructure projects, such as toll roads and airports, to burgeoning technologies. “The overarching theme…

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Uber agrees to pay VAT in Egypt: tax chief

CAIRO (Reuters) – Uber has agreed to pay value-added tax on its services in Egypt, Egyptian officials said on Monday, a move that may help resolve a long-simmering feud with traditional taxi drivers. The agreement would also apply to other ride-hailing companies, the head of the Egyptian Tax Authority, Abdel Azeem Hussein, said, although Uber’s…

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Germany bans Wirecard ‘shorting’ as prosecutors probe FT journalist

FRANKFURT (Reuters) – Germany’s financial watchdog has banned “short” selling of Wirecard shares due to volatility in the payments firm’s stock following reports in the Financial Times which are now the subject of an investigation by German authorities. Munich prosecutors said on Monday they were investigating a Financial Times journalist, confirming that they had widened…

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Britain’s FT says allegations over Wirecard reporting are false

LONDON (Reuters) – Britain’s Financial Times rejected as “baseless and false” any allegations accusing the newspaper or its reporters of market manipulation or unethical reporting in relation to German payments company Wirecard. On Monday Frankfurter Allgemeine Zeitung said that German authorities have opened an investigation into an FT journalist over reports about Wirecard. The FT…

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