By Mark John (Reuters) – A year of war in Ukraine has already made a dent in world prosperity. But its deeper impact will be felt in how the conflict plays into shifts that were already reshapin[...]
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February 10, 2023
First Abu Dhabi Bank says not currently evaluating offer for Standard Chartered
SINGAPORE (Reuters) – First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, said on Friday it was not currently evaluating an offer for Britain’s Standard Chartered.[...]
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EU leaders agree targeted, temporary support for green industry
By Philip Blenkinsop BRUSSELS (Reuters) – European Union leaders agreed on Friday they should allow “targeted, temporary and proportionate” support to ensure Europe’s future as[...]
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Tesla, after recent cuts, raises starting price of Model Y in China
SHANGHAI/BEIJING (Reuters) -Tesla Inc has increased the starting price of its Model Y crossovers by 0.8% to 261,900 yuan ($38,577.11) in China, after the company’s aggressive price cuts at the b[...]
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Chinese chipmaker SMIC warns of weak outlook despite record 2022 revenue
SHANGHAI (Reuters) -Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) on Thursday warned of a weak 2023 despite record high sales last year, as slowing demand for electronics[...]
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Japan’s wholesale inflation stays elevated, keeps BOJ under pressure
By Leika Kihara TOKYO (Reuters) -Japan’s wholesale prices in January rose 9.5% from a year earlier, data showed on Friday, adding to growing signs of inflationary strains that could keep the cen[...]
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News Corp plans job cuts, misses estimates for earnings
By Chavi Mehta, Helen Coster and Dawn Chmielewski (Reuters) -News Corp said on Thursday that it would cut 5% of its workforce, or 1,250 jobs, after the media conglomerate fell short of quarterly Wall[...]
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Lyft says lower prices to hit profit, shares drop 30%
By Nivedita Balu (Reuters) – Lyft Inc on Thursday forecast current-quarter profit far below Wall Street targets as the ride-hailing service lowered prices, triggering a 30% drop in shares on con[...]
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Meta, law firm Gibson Dunn sanctioned in Facebook privacy case
By Andrew Goudsward (Reuters) – A U.S. judge on Thursday sanctioned Meta Platforms Inc and its law firm, Gibson, Dunn & Crutcher for “delay, misdirection and frivolous arguments” in a data p[...]
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