By Philip Blenkinsop BRUSSELS (Reuters) -The European Union executive presented on Tuesday its economic security plan which seeks to convince the bloc’s 27 states to agree stronger controls on exports and outflows of technologies that could be put to military use by rivals like China. The European Commission sees exporting and sharing emerging technologies like…
By Blake Brittain (Reuters) – The U.S. Supreme Court ruled on Tuesday that Disney must face a New Jersey toy creator’s lawsuit that claimed the company violated her trademark rights with its character Lots-o’-Huggin’ Bear from the blockbuster 2010 film “Toy Story 3.” The justices threw out a lower court’s ruling that Disney was protected…
KYIV (Reuters) – The son of one of the United States’ richest men criticised the international disaster response to the destruction of the Kakhovka dam in southern Ukraine this month as “disappointing” and inadequate, as he visited the nearby city of Kherson. Howard Buffett, a businessman and philanthropist, spoke to Reuters in an interview by…
By Baranjot Kaur and Akanksha Khushi (Reuters) -Binance, the world’s biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities and Exchange Commission to ensure that U.S. customer assets remain in the United States until a sweeping lawsuit filed this month by the regulatory agency is resolved. The agreement, disclosed in…
By Hyunsu Yim and Heekyong Yang SEOUL (Reuters) -Hyundai Motor will raise average annual investment in electrification by nearly two-thirds, spending $28 billion in the next decade, and further restructure its struggling China business as part of a strategy to boost electric vehicle (EV) sales. In its annual investor day on Tuesday, the South Korean…
By Nivedita Balu and David Ljunggren TORONTO (Reuters) -Canada’s financial regulator on Tuesday said it was raising the amount of capital the country’s biggest lenders must hold as a stability buffer by 50 basis points to 3.5%, citing rising borrowing costs, high debt levels and stress on the financial system. The Office of the Superintendent…
ROME (Reuters) – Italy’s Chinese-owned luxury yacht maker Ferretti said on Tuesday its shares have been admitted to Borsa Italiana’s Euronext Milan exchange. Share trading, due to start on June 27 pending regulatory approval, is part of a dual listing, as Ferretti shares have been part of the Hong Kong Stock Exchange since last year….
ROME (Reuters) – Italy’s Chinese-owned luxury yacht maker Ferretti said on Tuesday its shares have been admitted to Borsa Italiana’s Euronext Milan exchange. Share trading, due to start on June 27 pending regulatory approval, is part of a dual listing, as Ferretti shares have been part of the Hong Kong Stock Exchange since last year….
(Reuters) -Volkswagen is in talks with its joint venture partner SAIC about whether to conduct an independent audit of its plant in Xinjiang, China, the company confirmed on Tuesday. The comment comes after German business Handelsblatt reported that preparations for an audit were already underway. Volkswagen declined to confirm this. It was in “good discussions”…
FRANKFURT (Reuters) – Ruediger Rass, an executive with Germany’s Commerzbank, has decided to remain in his current role rather than join the management board following discussions with the European Central Bank, a Commerzbank spokesperson said on Tuesday. Rass was to join the board of Commerzbank, one of the nation’s biggest banks, as chief risk officer….
