By Foo Yun Chee LUXEMBOURG (Reuters) – Amazon should not pay 250 million euros ($268 million)in back taxes to Luxembourg as ordered by EU competition enforcers, an adviser to Europe’s top[...]
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Politics
South Korea vows support for its chip sector amid China-US tension
SEOUL (Reuters) -South Korea pledged support for its chip sector on Thursday, with President Yoon Suk Yeol describing competition in the industry as an “all-out war” amid heightened Sino-U[...]
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Yandex granted Nasdaq lifeline subject to Russia restructuring
By Alexander Marrow (Reuters) – Russian internet firm Yandex on Thursday said it had been granted permission to retain its Nasdaq Stock Exchange listing provided the restructuring and divestment[...]
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TRYing times: The slide and fall of the Turkish lira
By Marc Jones LONDON (Reuters) -Turkey’s lira took a 7% nosedive on Wednesday as the country’s newly re-elected government appeared to be abandoning its costly 18-month strategy of keeping[...]
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China’s Dalian Wanda appeals court decision to freeze shares
BEIJING/HONG KONG (Reuters) -China’s largest commercial property developer Dalian Wanda Group on Thursday said it is appealing a court decision to freeze 1.9 billion yuan ($266.23 million) worth[...]
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Japan keeps growth focus but signals end to crisis-mode fiscal largesse
By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) – Japan is committed to putting economic growth before fiscal reform, Prime Minister Fumio Kishida’s government said in its draft[...]
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Bank failures, ‘hard landing’ still top-of-mind for hedge funds
By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) -Big U.S. hedge fund and family office investors on Wednesday cautioned that despite the U.S. economy showing resilience, a recession and more[...]
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Biden encourages both sides to continue collective bargaining in US ports dispute -White House
By Jeff Mason and Kanishka Singh WASHINGTON (Reuters) – U.S. President Joe Biden has urged both sides in the West Coast ports labor dispute to continue collective bargaining, White House press s[...]
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Analysis-Boeing, Northrop face obstacles in commercializing flagship US rocket
By Joey Roulette WASHINGTON (Reuters) – NASA’s plans to turn over its flagship rocket to contractors Boeing and Northrop Grumman to find more buyers and bring down costs faces steep hurdle[...]
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