(Reuters) – Drugmaker AstraZeneca is drafting a plan to spin off its China business, and listing a separate unit in Hong Kong is being viewed as an option, the Financial Times reported on Sunday. A separation might not ultimately take place, the report said, citing people familiar with the matter, with one of them saying…
By Nick Carey LONDON (Reuters) – JLR said on Monday it has partnered with supply chain mapping and risk analytics firm Everstream Analytics, which will embed artificial intelligence into the British luxury carmaker’s system to help avert future global supply issues. The new AI technology, JLR said, will allow it to monitor its supply chain…
By Sarah Marsh and Andreas Rinke BERLIN (Reuters) – Chancellor Olaf Scholz faces a delicate balancing act this week at German-Chinese government consultations in Berlin, seeking to maintain good ties with Germany’s largest trade partner while complying with a G7 pledge to “de-risk” from Beijing. Scholz receives Chinese premier Li Qiang for dinner in the…
By Xie Yu, Ziyi Tang and Julie Zhu HONG KONG (Reuters) – From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches at work, to reining in travel and entertainment expenses, Chinese financial firms have jumped on an austerity drive as Beijing pushes to bridge the wealth gap. The steps…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian market trading will be lighter than usual on Monday with no major regional economic data scheduled and U.S. markets closed, leaving investors to gear up for the first major event of the week on…
By Dan Williams JERUSALEM (Reuters) -Israeli Prime Minister Benjamin Netanyahu said on Sunday he would pursue “active steps” on a contested judicial overhaul this week after what he described as months of wasteful compromise talks with the political opposition. Netanyahu’s televised remarks to his cabinet were spare on detail and come after opposition leaders last…
(Reuters) – Ford Motor Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. “They developed very quickly, and they developed them in large scale. And now they’re exporting them,” Ford told CNN’s ‘Fareed Zakaria GPS’ Sunday program. “They’re not here but they’ll…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian market trading will be lighter than usual on Monday with no major regional economic data scheduled and U.S. markets closed, leaving investors to gear up for the first major event of the week on…
By Tim Hepher, Allison Lampert and Kylie Madry PARIS/MEXICO CITY (Reuters) – Airbus is in advanced talks over a major new order from Mexican ultra-low-cost carrier Viva Aerobus, industry sources said on Sunday. The number of new narrowbody planes being discussed ran into triple digits, meaning at least 100, the sources added, declining to go…
WASHINGTON (Reuters) – President Joe Biden will visit Palo Alto, California on Monday and announce over $600 million in climate investments to help coastal communities around the country fight climate change, a White House official said on Sunday. The investments will be funded by Biden’s climate and infrastructure bills and will include a $575 million…
