Marcin Frąckiewicz

Reddit Mobile Website Block Sparks Backlash as App Download Prompt Freezes Browsing
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Reddit Mobile Website Block Sparks Backlash as App Download Prompt Freezes Browsing

Reddit is blocking some mobile web users from browsing unless they download its app, testing the prompt with frequent visitors. The move follows a 69% jump in first-quarter revenue to $663 million and a 17% rise in daily active uniques. Users report workarounds, but the prompt freezes scrolling and menus for many. Reddit did not say if the test will expand.
May 6, 2026
GameStop’s $56 Billion eBay Bid Turns Ryan Cohen’s Amazon Ambition Into a Market Test
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GameStop’s $56 Billion eBay Bid Turns Ryan Cohen’s Amazon Ambition Into a Market Test

GameStop CEO Ryan Cohen has made a non-binding $55.5 billion offer to acquire eBay, proposing $125 per share in cash and stock. eBay shares closed at $105.26 Tuesday, well below the offer price, while GameStop’s market value stood at $14.3 billion. GameStop holds about a 5% economic stake in eBay, mostly through derivatives. Financing remains uncertain, with GameStop citing $9.4 billion in cash and a “highly-confident” letter for up to $20 billion.
May 6, 2026
Why Codan Limited Shares Are Back in Focus After a $312 Million Sell-Down
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Why Codan Limited Shares Are Back in Focus After a $312 Million Sell-Down

Pamela Maunsell Wall sold 8 million Codan shares for A$312 million, reducing her stake to 14.74%, an ASX filing showed Tuesday. The sale came days after Codan upgraded its 2026 earnings outlook and a day after shares hit a record A$44.52. Codan stock fell 9.38% to A$39.80 following the block trade, which priced shares 11% below Monday’s close. Wall’s remaining stake is valued at about A$1.07 billion.
May 5, 2026
ABO Energy Founder Families Pledge 1.86 Million Shares, Putting Financing Plan Under Market Scrutiny
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ABO Energy Founder Families Pledge 1.86 Million Shares, Putting Financing Plan Under Market Scrutiny

ABO Energy founder families pledged nearly 1.86 million shares—about 20% of the company’s capital—as collateral for loans, according to filings disclosed May 4. The pledges come as ABO Energy faces a creditor standstill after a major profit warning and ongoing restructuring. The Ahn and Bockholt families together hold 52% of shares. The pledged shares have a market value of roughly 11 million euros.
May 5, 2026
Vivo X300 FE, X300 Ultra Launch Today: Zeiss Zoom Sets Up India’s Next Premium Phone Fight
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Vivo X300 FE, X300 Ultra Launch Today: Zeiss Zoom Sets Up India’s Next Premium Phone Fight

Vivo will launch the X300 Ultra and X300 FE smartphones in India at noon Wednesday, marking the Ultra line’s debut in the country. The X300 Ultra features a Zeiss camera system with three high-resolution sensors and supports telephoto extenders, while the FE model offers a compact design with a Sony IMX882 telephoto lens. Pricing remains unconfirmed. India’s premium phone segment grew 25% last quarter as budget sales declined.
May 5, 2026
Vedanta Demerger Countdown: 4 New Stocks Could Trade By Mid-June As Investors Wait For Price Discovery
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Vedanta Demerger Countdown: 4 New Stocks Could Trade By Mid-June As Investors Wait For Price Discovery

Vedanta Ltd will seek stock-exchange listing approval next week for four newly carved-out companies, with trading expected by mid-June, CEO Deshnee Naidoo said. Shareholders will receive one share in each new unit for every Vedanta share held. The four entities remain unlisted, leaving part of shareholder value unpriced. CRISIL kept Vedanta’s long-term rating on “Watch Developing” pending clarity on debt allocation after the split.
May 5, 2026
Airline Cancellations Hit May Travel: 2 Million Seats Cut as Jet Fuel Crisis Threatens Summer
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Airline Cancellations Hit May Travel: 2 Million Seats Cut as Jet Fuel Crisis Threatens Summer

Airlines worldwide have cut nearly 2 million seats and over 13,000 flights from May schedules, citing surging jet fuel prices and supply concerns. The reductions come as UK and European half-term travel ramps up. Lufthansa and Turkish Airlines made some of the largest cuts, while EasyJet reported no changes. Britain is considering temporary rules to let airlines consolidate flights and return airport slots without penalty.
May 5, 2026
Aviva And Legal & General Shares Slide As Jefferies Warns UK Insurer Dividend Trade Is Losing Its Edge
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Aviva And Legal & General Shares Slide As Jefferies Warns UK Insurer Dividend Trade Is Losing Its Edge

Jefferies downgraded Aviva to Hold and Legal & General to Underperform, citing concerns over capital returns and cash generation. Legal & General shares fell 3.41% to £2.46, Aviva dropped 2.42% to £6.12, both underperforming the FTSE 100. Jefferies set a 185p price target for Legal & General, warning dividends may fully consume surplus capital. Aviva’s price target was raised to 637p, but upside is seen as limited.
May 5, 2026
Reliance Jamnagar Refinery Shutdown: Why India’s Fuel Supply Faces a Mid-May Test
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Reliance Jamnagar Refinery Shutdown: Why India’s Fuel Supply Faces a Mid-May Test

Reliance Industries will shut a crude unit and some secondary units at its 660,000 bpd Jamnagar refinery for three to four weeks from mid-May, sources said. The shutdown follows delayed maintenance and coincides with Nayara Energy’s expected restart of its 400,000 bpd Vadinar refinery. Reliance has increased LPG output more than threefold to offset lost imports. Reliance shares closed nearly flat at 1,463.60 rupees.
May 5, 2026
HSBC Shares Tumble After Surprise $400 Million Private Credit Hit
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HSBC Shares Tumble After Surprise $400 Million Private Credit Hit

HSBC shares dropped 5.9% in London after the bank reported a $400 million loss tied to a fraud case involving loans to Apollo-backed Atlas SP and collapsed lender Market Financial Solutions. The loss made HSBC a major drag on the FTSE 100. Regulators are scrutinizing banks’ exposure to the $3.5 trillion private credit sector. HSBC raised its 2026 net interest income guidance but increased its expected credit loss forecast.
May 5, 2026
UK Stock Market Today: FTSE 100 Suffers Worst Day Since March as HSBC Shock Knocks Banks
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UK Stock Market Today: FTSE 100 Suffers Worst Day Since March as HSBC Shock Knocks Banks

The FTSE 100 fell 1.4% to 10,219.1 on Tuesday, its steepest drop since March, after HSBC posted a surprise $400 million loss tied to private credit exposure. Thirty-year gilt yields hit their highest since 1998 as energy prices and political uncertainty pushed borrowing costs higher. HSBC shares slid 5.9%, with other major UK banks also losing ground. Brent crude fell 3% but remained near $111 a barrel.
May 5, 2026
Carnival plc’s London Exit Hits Today as Cruise Giant Moves to One NYSE Stock
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Carnival plc’s London Exit Hits Today as Cruise Giant Moves to One NYSE Stock

Carnival plc shares entered their final hours of London trading Tuesday as the company moves to a single New York-listed stock, following UK court approval on May 1. The London line will be disabled in CREST at 6 p.m., with trading suspended May 6 and cancelled May 7. Carnival shareholders approved the unification and redomiciliation to Bermuda last month. FTSE Russell will remove Carnival from major UK indexes starting May 6.
May 5, 2026
South Africa Diesel Price Error Cuts May Hike, But R30 Fuel Shock Remains
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South Africa Diesel Price Error Cuts May Hike, But R30 Fuel Shock Remains

South Africa’s Central Energy Fund corrected a diesel pricing error Tuesday, reducing May’s wholesale diesel increase to R5.27 a litre from R6.19. Wholesale diesel still rises above R30 a litre from Wednesday, with petrol up 327 cents and a slate levy adding 122.70 cents a litre. The fuel hike follows Brent crude averaging $101 a barrel amid supply disruptions. Economists warned of rapid inflationary effects.
May 5, 2026
Utah’s VPN Age-Check Law Starts Wednesday, And Websites Face A Hard Choice
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Utah’s VPN Age-Check Law Starts Wednesday, And Websites Face A Hard Choice

Utah’s new online age-verification law takes effect Wednesday, requiring adult-content sites to verify users’ ages even if they use VPNs to mask their location. Covered sites face fines up to $2,500 per violation and are barred from encouraging VPN use to bypass checks. Privacy advocates warn the law could force sites to block VPN traffic or expand age checks. NordVPN says full compliance is technically impossible.
May 5, 2026
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