WASHINGTON (Reuters) – Japan is working towards the opening of a NATO liaison office in Tokyo, Japan’s ambassador to the U.S. Koji Tomita said on Tuesday. Tomita made the comment at an event hosted by the National Press Club in Washington when asked about a report in the Nikkei Asia this month saying that the…
By Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – U.S. private equity group KKR & Co Inc and Australia’s Macquarie Asset Management are among potential bidders for the waste and recycling management arm of Singapore’s energy group Sembcorp in a deal that could value the unit at around $500 million, said two sources with…
(Reuters) – General Motors Co on Tuesday named former Apple Inc executive Mike Abbott to lead a division that will bring together three software functions within the company. Abbott, whose appointment is effective from May 22, will spearhead development of vehicle and enterprise software technologies. Automakers, including GM and Ford Motor Co, have been increasingly…
By Nell Mackenzie LONDON (Reuters) – Hedge fund launches in 2023 are at their lowest level globally since 2017, data provider Preqin said, against a backdrop of banking upheaval and bouts of market volatility. So far this year, 180 funds have started or plan to start trading, Preqin told Reuters on Tuesday. Untried trend managers…
LIVERPOOL, England (Reuters) – Eurovision 2023 kicked off on Sunday when 37 contenders walked the “Turquoise Carpet” in Liverpool, the English city hosting the competition on behalf of Ukraine. Under the banner “United by Music”, the 67th edition of the song contest will comprise three live shows that will unite the cultures of Ukraine and…
By Granth Vanaik (Reuters) -Under Armour Inc forecast annual sales and profit below Wall Street estimates on Tuesday, signaling that stubborn inflation was hurting demand and higher discounts were eroding profit margins, sending the apparel maker’s shares down 4%. Cost-conscious consumers have been restricting their spending on discretionary products such as home goods, apparel and…
WASHINGTON (Reuters) – The Senate Judiciary Committee has asked Texas billionaire Harlan Crow to detail gifts he or his companies have made to U.S. Supreme Court Justice Clarence Thomas, the panel said on Tuesday. “Recent investigative reporting has identified multiple instances in which you or entities you own or control have made payments, purchased real…
(Reuters) – General Motors Co on Tuesday named former Apple Inc executive Mike Abbott to lead a division that will bring together three software functions within the company. Abbott, whose appointment is effective from May 22, will spearhead development of vehicle and enterprise software technologies. Automakers, including GM and Ford Motor Co, have been increasingly…
WASHINGTON (Reuters) – The U.S. economy is slowing in an “orderly fashion” that should allow inflation to decline even as growth continues, Fed Governor Philip Jefferson said on Tuesday. “The economy has started to slow in an orderly fashion…I am of the view that inflation will start to come down and the economy will have…
By Emma Farge GENEVA (Reuters) – Aid workers say fighting between rival military factions in Sudan is pushing poorly-funded humanitarian programmes in the region to a breaking point. Even before the violence began on April 15, millions of people in Sudan and neighbouring countries were dependent on aid due to poverty and conflict. Since then,…
