Category Archives:
Seven & i Holdings says will oppose board proposal by ValueAct Capital
TOKYO (Reuters) - Japanese retailer Seven & i Holdings Co said on Tuesday it will oppose a board proposal by activist investor ValueAct Capital. ValueAct, which owns a 4.4% stake in Seven & i, is call...
Apr 18, 2023
UK’s Cineworld scraps planned sale of Eastern European, Israeli operations
(Reuters) -British cinema chain operator Cineworld said on Tuesday it has abandoned the planned sale of its businesses in Eastern Europe and Israel, saying the proposals it got did not meet the value ...
Apr 18, 2023
Once-dominant foreign auto brands pledge comeback in China
SHANGHAI (Reuters) - Global automakers, including Toyota and Volkswagen, took the stage at the Shanghai auto show on Tuesday with built-for-China and electric-drive products to compete for a high-stak...
Apr 18, 2023
Chinese province plans 30 billion yuan semiconductor fund to promote chip industry- Securities Times
BEIJING (Reuters) - China's southern Guangdong province is planning to launch a second phase of a semiconductor fund with a scale of 30 billion yuan ($4.37 billion), state media Securities Times repor...
Apr 18, 2023
UK unemployment edges up but pay growth stays high
LONDON (Reuters) -Britain's unemployment rate rose unexpectedly in the three months to February but pay growth stayed higher than forecast, highlighting the dilemma for the Bank of England as it judge...
Apr 18, 2023
Nissan aims for 80% of model line-up to be electric by 2030 – exec
SHANGHAI (Reuters) - Japanese automaker Nissan Motor aims to have seven electric vehicle (EV) models by 2026 and 80% of its line-up to be electric by 2030, chief operating officer Ashwani Gupta said o...
Apr 18, 2023
Italy’s data watchdog: ChatGPt can resume on April 30 if OpenAI takes ‘useful steps’
ROME (Reuters) - Italy's data protection watchdog is ready to reactivate the ChatGPT chatbot on April 30 if its maker OpenAI takes "useful steps" to address the agency's concerns, its chief Pasquale S...
Apr 18, 2023
UBS makes changes to buyback programme following Credit Suisse takeover
ZURICH (Reuters) -UBS on Tuesday said it was making changes to its $6 billion share buyback programme following its takeover of Credit Suisse. UBS said it will use some of the shares for the takeover ...
Apr 18, 2023
Cryptoverse: Bitcoin miners escape the bear trap
By Medha Singh and Lisa Pauline Mattackal (Reuters) - Beleaguered bitcoin miners are finally feeling the spring sunshine after a cold, hard crypto winter. The power-hungry companies that pump new bitc...
Apr 18, 2023
Ericsson’s quarterly core profit misses expectations
STOCKHOLM (Reuters) -Sweden's Ericsson on Tuesday reported first-quarter core earnings that missed expectations as telecom customers in high-margin countries such as the United States held back on spe...
Apr 18, 2023
Peoria, IL, USA
62 °F Light Rain With Thunderstorm, Mist
