February 1, 2023

By Chibuike Oguh (Reuters) -Blackstone Inc said on Wednesday it had blocked withdrawals from its $69 billion real estate income trust (BREIT) in January, as the private equity firm faced a surge in redemption requests from investors looking to cash out. BREIT said it fulfilled redemption requests of about $1.3 billion in January, representing 25%…

By Nivedita Balu and Akash Sriram (Reuters) – Apple Inc is expected to report its first decline in quarterly revenue in nearly four years after strict COVID-19 curbs in China rapped the economy and related protests upended iPhone production at its biggest supplier Foxconn. Investors will look for details on how Chief Executive Tim Cook…

MEXICO CITY (Reuters) – The Mexican government and some airlines have reached an agreement to move cargo operations to a new airport on the outskirts of Mexico City to ease congestion at its main hub, President Andres Manuel Lopez Obrador said on Wednesday. Lopez Obrador said earlier this month cargo flights would be moved due…

PARIS (Reuters) – Hopes are rising of a deal between Airbus and Qatar Airways as early as Wednesday to avert an unprecedented trial over the safety of the A350 jetliner and billions of dollars of cancelled orders, two people familiar with the matter said. The two companies have narrowed differences over damage to more than…

By Hyunjoo Jin and Jody Godoy (Reuters) – Tesla Inc board members are expected to take the stand on Wednesday to defend against claims that Elon Musk misled investors when he tweeted in 2018 he had “funding secured” to take the company private. The trial in San Francisco federal court is testing whether the world’s…

By Philip Blenkinsop BRUSSELS (Reuters) – The European Commission proposed a plan on Wednesday to try to ensure Europe can compete with the United States as a manufacturing hub for electric vehicles and other green products and reduce its dependence on China. Commission President Ursula von der Leyen announced a loosening of EU state aid…

By Chris Thomas and Aditya Kalra BENGALURU (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as a rout in his companies deepened to $86 billion in the wake of a U.S. short-seller report, with the billionaire also losing his title as Asia’s richest person. Wednesday’s stock losses saw Adani slip…

By Douglas Gillison WASHINGTON (Reuters) – The White House on Wednesday was due to announce fresh efforts to slash credit card late fees and drive down the prices that Apple Inc and Google parent Alphabet Inc charge on mobile app stores, part of a larger policy drive to promote competition in consumer markets, officials said….

GDANSK (Reuters) -Poland’s competition watchdog has accused e-commerce firm Amazon’s European unit of misleading sales and delivery practices, the Office of Competition and Consumer Protection (UOKiK) said on Wednesday. The office said consumers on Amazon’s Polish website were misled as to the moment a sales contract is concluded, product availability, delivery times and consumer rights,…