By Stella Qiu SYDNEY (Reuters) -Australian business and consumer surveys showed on Tuesday that storm clouds were gathering for the economy, with a slowdown in business activity accelerating and spending confidence staying near recession levels, amid warnings of more rate hikes to come. A survey from National Australia Bank (NAB) that is closely watched by…
(Reuters) – Intel is in talks with SoftBank Group Corp’s Arm to be an anchor investor in the chip designer’s initial public offering (IPO), a source familiar with the matter told Reuters on Monday. Arm plans to sell its shares on Nasdaq later this year, seeking to raise between $8 billion and $10 billion, Reuters…
(Reuters) – CharIN, the industry body promoting the Combined Charging System (CCS) standard to power electric vehicles, said on Monday Tesla’s charging model is not a standard yet and does not provide an open charging ecosystem for the industry. U.S. automakers General Motors and Ford said they will adopt Tesla’s model of charging cars with…
BERLIN (Reuters) – German demand for photovoltaic power systems is expected to grow at a double-digit rate this year with solar storage system installations by mid-year topping 2022’s total, the BSW solar power association said on Tuesday. Solar power systems are booming in Europe’s biggest economy as consumers seek alternatives to expensive fossil fuels following…
By Navya Mittal (Reuters) – Australia’s Domino’s Pizza Enterprises said on Tuesday it would shut 27 stores in Denmark, and its construction and supply arm in Australia, sending its shares as much as 11.9% lower in early trade to the bottom of the ASX 200 index. The Australian franchise said the streamlining of operations would…
(Reuters) – The actor Treat Williams, known for his roles in Hair and Everwood, was killed in a motorcycle accident on Monday, his longtime agent said. Barry McPherson, Williams’ agent for 15 years, confirmed that the actor was killed when the motorcycle he was driving was involved in an accident with a car in Dorset,…
By Krystal Hu SAN FRANCISCO (Reuters) – SoftBank Group Corp is planning a fresh round of layoffs at its Vision Fund investment arm, two people familiar with the matter said, the latest cost-cutting move at the Japanese conglomerate. The layoffs, which could be announced in the next two weeks, may impact up to 30% of…
By Trevor Hunnicutt WASHINGTON (Reuters) -The United States has made its concerns known to the Cuban government about Cuba hosting Chinese spy operations on its territory, White House spokesperson John Kirby said on Monday. Kirby said the bilateral relationship with China was tense at the moment, but President Joe Biden was committed to keeping the…
(Reuters) – Mining giant Rio Tinto said on Tuesday it will partner with Western Australia-based Gemco Rail to bring local iron ore rail car manufacturing and bearing maintenance to the Pilbara region. Rio intends to invest about A$150 million ($101.2 million) to acquire 100 domestically built ore rail cars over six years, it said. Adequate…
By Steve Gorman LOS ANGELES (Reuters) – Pat Sajak, the enduring master of ceremonies for “Wheel of Fortune,” plans to retire at the end of his upcoming record 41st year hosting one of American television’s longest-running game shows, he said on Monday. Sajak, 76, made the announcement on Twitter, but gave no precise reason for…
