BERLIN (Reuters) -German media group ProSiebenSat.1 will cut 400 full-time positions, the company said on Tuesday, as part of restructuring measures focusing on its entertainment activities. “The aim is to achieve a more efficient structure, a competitive cost base, and processes clearly geared to digital transformation,” the company said in a statement. ProSiebenSat.1 said the…
By James Davey LONDON (Reuters) -Ocado, the British online supermarket and technology group, returned to underlying profit in its first half and stuck to its guidance, saying its retail operation won more customers and its robotics business progressed, sending its shares soaring. The group swung to a profit for the six months to May 28,…
MOSCOW (Reuters) -Road traffic was re-opened on one lane of the Crimean Bridge late on Monday following what Russia called a Ukrainian “terrorist attack” that damaged the structure, Russian Deputy Prime Minister Marat Khusnullin said. Khusnullin said the lane was being used for vehicles going from the town of Taman in southern Russia to Kerch…
SHANGHAI (Reuters) – Semiconductor Manufacturing International Corp (SMIC) said Chairman Gao Yonggang has resigned, marking the latest board level departure from China’s largest chipmaker in recent years as it battles U.S. pressure. Gao, who was appointed as chairman in March 2022 and previously served as the company’s chief financial officer, also resigned from his executive…
(This July 16 story has been corrected to state that China is CELAC’s second-largest trading partner, not its largest, in paragraph 5) By Philip Blenkinsop and Andrew Gray BRUSSELS (Reuters) – The European Union pledged more investment for Latin America and the Caribbean at a summit on Monday as part of a revamp of its…
By Hyonhee Shin and Josh Smith SEOUL (Reuters) -For the first time since the 1980s a U.S. nuclear-armed ballistic missile submarine (SSBN) visited South Korea on Tuesday, as the allies launched talks to coordinate their responses in the event of a nuclear war with North Korea. White House Indo-Pacific coordinator Kurt Campbell confirmed the rare…
By Gleb Garanich KYIV (Reuters) -Russia launched missile and drone strikes on southern and eastern Ukraine overnight that damaged infrastructure in the Black Sea port of Odesa, Ukrainian officials said on Tuesday. The attack on Odesa, one of Ukraine’s main ports for exporting grain, followed a pledge of retaliation by Russia after a blast on…
By Clare Jim HONG KONG (Reuters) – China Evergrande Group’s huge liabilities and diminishing cash disclosed in its long-overdue reports for the past two years raises questions about the viability of its restructuring plan and operations, creditors and analysts said. A comment from Evergrande’s auditor that it did not express an opinion on the reports…
BEIJING (Reuters) – China’s next-generation crewed spacecraft, which can transport up to seven astronauts, may fly for the first time between 2027 and 2028, a veteran Chinese astronaut said. China’s manned space flights began in 2003 when former fighter pilot, Yang Liwei, was sent into orbit in a small bronze-coloured capsule, the Shenzhou-5, becoming China’s…
SEOUL (Reuters) – For the first time since the 1980s a U.S. nuclear-armed ballistic missile submarine (SSBN) is in South Korea, a senior U.S. official said on Tuesday, as the allies launched talks to coordinate responses in the event of a nuclear war with North Korea. White House Indo-Pacific coordinator Kurt Campbell announced the long-expected…
