By Norihiko Shirouzu, Maki Shiraki and David Dolan BEIJING/TOKYO (Reuters) – Nissan Motor Co’s concerns about technology transfers have complicated its partner Renault’s plans to sell a large stake in its gasoline-engine business to China’s Geely, three people familiar with the talks said. Renault is pursuing a complex two-pronged restructuring. On one hand, it is…
By Jamie Freed and Rajesh Kumar Singh SYDNEY/CHICAGO (Reuters) -Airlines around the world are ripping up schedules and bringing in new flights to cope with a COVID-triggered trend in corporate travel for executives like Jerome Harris – the scrapping of one-day business trips in favour of longer stays. For Sydney-based Harris, exhausting one-day treks to…
ATHENS (Reuters) -Exxon Mobil will start conducting seismic surveys in two blocks southwest of Greece’s Peloponnese peninsula and the island of Crete in the coming days, Prime Minister Kyriakos Mitsotakis said on Monday. Greece, an entry point for natural gas in the eastern Mediterranean, aspires to become a gas producer and a hub for the…
PRISTINA, Kosovo (AP) — Kosovo on Monday accused neighboring Serbia of trying to destabilize the country by pressuring members of the ethnic Serb community to resign from their posts for not accepting Pristina’s decision to change illegal vehicle license plates. Prime Minister Albin Kurti said Serbia’s president, Aleksandar Vucic, has been in close coordination with…
NAIROBI, Kenya (AP) — Pilots working for Kenya’s national airline have been on strike for three days over a demand to honor a retirement savings plan, and it is estimated to be costing millions of dollars in losses daily. Kenya Airways said it canceled 56 flights over the weekend, affecting 12,000 passengers. The airline puts…
By Divya Rajagopal TORONTO (Reuters) -Canada’s competition tribunal chief on Monday said it would be difficult for the tribunal to reach a decision on Rogers Communications’ C$20 billion ($14.8 billion) acquisition of Shaw Communications within the December timeframe the companies requested. Rogers’ proposed deal has been blocked by Canada’s antitrust bureau on grounds that it…
By Fergal Smith TORONTO (Reuters) – As the Bank of Canada considers raising interest rates at a slower pace, it is focusing on inflation measures that are more timely than typically observed, which could help it avoid tightening beyond the level needed to subdue price pressures. Inflation tends to be reported on a year-over-year basis…
Walgreens extended its push into more comprehensive health care with its VillageMD unit acquiring another urgent and primary care chain, Summit Health-CityMD, in a deal worth close to $9 billion. Walgreens and rival CVS, two retail chains with thousands of locations, have evolved in recent years with a greater focus on overall care for customers,…
By Chavi Mehta (Reuters) -Palantir Technologies Inc posted its slowest quarterly growth in revenue since going public in 2020 due to weak demand for its data analytics software in Europe, while a strong dollar weighed on its profit, sending its share down 8.5% on Monday. The company, known for its work with the U.S. Central…
By Blake Brittain WASHINGTON (Reuters) -The U.S. Supreme Court on Monday rebuffed a bid by Bristol Myers Squibb Co’s Juno Therapeutics Inc to reinstate a $1.2 billion award it won in its patent fight with Gilead Sciences Inc subsidiary Kite Pharma Inc over a lymphoma drug. The justices turned away Juno’s appeal of a lower…
