(Reuters) – Russian state entity NAMI said on Wednesday it had acquired a 100% stake in a factory producing anti-lock brakes and other systems for cars that was formerly owned by German technolo[...]
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June 14, 2023
Toyota wins over shareholders at AGM after questions on strategy, governance
TOKYO (Reuters) – Toyota shareholders backed the board and voted down the first resolution proposed in 18 years at an annual general meeting (AGM) on Wednesday, an endorsement of the automaker a[...]
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Australia’s central bank owes underpaid workers over $770,000
SYDNEY (Reuters) – Australia’s central bank will pay out just over A$1 million in back pay after an internal review found on Wednesday the bank had systematically underpaid more than a tho[...]
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Retail and films drive modest growth in UK economy
By Andy Bruce LONDON (Reuters) – Retailers and the film industry helped Britain’s economy inch higher in April, despite contractions in manufacturing and construction, according to data on[...]
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China industry minister, Siemens CEO discuss digital manufacturing, development
BEIJING (Reuters) – China’s industry minister met Siemens’ chief executive on Wednesday and discussed intelligent manufacturing, digital economy development and the digital transform[...]
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Tech investor Prosus flags sharp drop in full-year profit
AMSTERDAM (Reuters) – Technology investor Prosus on Wednesday said its profit dropped significantly last year due to impairments and lower contributions from its biggest holding, Chinese softwar[...]
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Explainer – Why are other automakers chasing Tesla’s ‘Gigacasting’?
(Reuters) – Toyota Motor said this week it will adopt a technology Tesla pioneered known as “Gigacasting” as part of a strategy by the Japanese automaker to improve the performance –[...]
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Low-tax Switzerland votes on global minimum corporate tax rate
By John Revill ZURICH (Reuters) – Swiss citizens vote this weekend on whether to raise business tax to 15% from an average of 11% to align with a global minimum tax rate, although even with the[...]
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ProSiebenSat.1 planning ‘significantly bigger’ job cuts than before – CEO
By Klaus Lauer BERLIN (Reuters) – German media group ProSiebenSat.1 is preparing to cut significantly more staff than in previous restructurings as part of a strategy to reduce costs and focus m[...]
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