SAN JOSE, Calif. (AP) — A former Apple employee has been charged with defrauding the tech giant out of more than $10 million by taking kickbacks, stealing equipment and laundering money, federal prosecutors said. Dhirendra Prasad, 52, worked for 10 years as a buyer in Apple’s Global Service Supply Chain department. A federal criminal case…
NEW YORK (AP) — Baker Hughes, a major U.S. oil services company, added its name Saturday to the growing list of U.S. companies that are pulling back from Russia in response to Moscow’s war against Ukraine. Baker Hughes made its announcement one day after similar moves by oil rivals Halliburton Co. and Schlumberger. The steps…
NEW DELHI (AP) — Japan’s Prime Minister Fumio Kishida on Saturday said his country will invest $42 billion in India over the next five years in a deal that is expected to boost bilateral trade. Kishida met his counterpart, Narendra Modi, in New Delhi during his maiden visit to India since assuming office. The two…
LONDON (AP) — Prince William and Kate are embarking on a tour to Central America and the Caribbean, even as some countries in the region mull cutting ties to the British monarchy. The couple will visit Belize, Jamaica and the Bahamas on the week-long journey that starts Saturday. The trip, taken at the behest of…
TOKYO (Reuters) – Norway’s sovereign wealth fund, the world’s largest, voted in favour of a shareholder proposal requesting Toshiba Corp solicit buyout offers from private equity firms ahead of an extraordinary meeting on March 24. The fund voted against the Japanese industrial conglomerate’s plan to break itself up by spinning off its devices business, a…
TOKYO (Reuters) – Norway’s sovereign wealth fund, Norges Bank Investment Management, voted in favour of a shareholder proposal requesting Toshiba Corp solicit buyout offers from private equity firms, according to a voting record. Norges, the world’s largest sovereign wealth fund, voted against the Japanese conglomerate’s plan to break itself up by spinning off its devices…
ZURICH (Reuters) – European Central Bank (ECB) policymaker Robert Holzmann told an Austrian newspaper that the bank could send a clear message about fighting inflation by raising interest rates before ending its stimulus programme of bond purchases. The ECB left rates steady this month and will be in no hurry to raise them, President Christine…
By Sanjeev Miglani NEW DELHI (Reuters) – India’s oil imports from the United States will rise by 11% this year, officials said on Saturday, as the severely energy-deficient country looks to secure supplies from producers around the world, including heavily sanctioned Russia. The surge in oil prices following Russia’s invasion of Ukraine last month threatens…
TOKYO (Reuters) -Japan’s Suzuki Motor plans to invest about 150 billion yen ($1.26 billion) to produce electric vehicles and batteries in India, Japanese media reported on Saturday. Japanese Prime Minister Fumio Kishida is visiting India on Saturday to meet his Indian counterpart Narendra Modi. Suzuki’s investment plan will be part of an announcement by Kishida…
TOKYO (Reuters) – Japan’s Suzuki Motor plans to invest about 150 billion yen ($1.26 billion) in its India factory to produce electric vehicles and batteries, Japanese media reported on Saturday. ($1 = 119.1700 yen) (Reporting by Chang-Ran Kim and Ju-min Park; Editing by Kenneth Maxwell)
