(Reuters) – China’s fintech giant Ant Group has no plan to initiate an initial public offering (IPO), it said on Sunday in an emailed statement to Reuters. “Ant Group has been focusing on its business rectification and optimisation, and does not have a plan for an IPO,” the company spokesperson said. Ant Group said on…
By Dave Graham MEXICO CITY (Reuters) – North American leaders aim to give new impetus to strengthening economic ties at a meeting this week, even as a major dispute grinds on over Mexico’s energy policies which has distracted from cooperation on other issues like immigration. Mexican President Andres Manuel Lopez Obrador will host his U.S….
CAPE TOWN (Reuters) – South African power utility Eskom on Sunday said police were investigating whether an attempt was made to poison its outgoing Chief Executive Officer Andre de Ruyter. Faced with political pressure, De Ruyter resigned on Dec. 14 after failing to solve a crisis in the company that has led to record levels…
(This Jan. 6 story has been corrected to fix the final paragraph to say 2 billion trips to be made, not 2 billion people to travel) By Joe Cash and Ellen Zhang BEIJING (Reuters) – After three years of dealing with some of the world’s toughest COVID-19 curbs, there are early signs that Chinese consumers…
By Aditi Shah NEW DELHI (Reuters) – Mercedes Benz expects double-digit sales growth in India this year, despite concerns that a weaker rupee could increase car prices, the head of its local unit said in an interview. The German luxury carmaker’s sales in India rose 41% last year to 15,822 cars, its highest ever in…
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – An International Monetary Fund (IMF) delegation will meet Pakistan’s finance minister on the sidelines of a conference in Geneva beginning on Jan. 9, a spokesperson of the lender said on Sunday, as Pakistan struggles to restart its bailout programme. The lender is yet to approve the release of…
By Bianca Flowers RACINE, Wis. (Reuters) – Members of two local unions that have been on strike since last May at CNH Industrial factories in Wisconsin and Iowa on Saturday voted down a tentative labor contract, the United Auto Workers union said. Details of the vote were not disclosed by the UAW, which represents more…
(Reuters) – Twitter Inc made further staff cuts in the trust and safety team handling global content moderation and in the unit related to hate speech and harassment, Bloomberg news reported on Saturday. At least a dozen more cuts on Friday night affected workers in the company’s Dublin and Singapore offices, the report said, citing…
(Reuters) – A U.S. Trustee filed an objection on Saturday to plans by bankrupt crypto exchange FTX to sell its digital currency futures and clearinghouse LedgerX, as well as units in Japan and Europe, according to a court filing. FTX filed for bankruptcy protection in November and said last month it planned to sell its…
By Aditya Kalra and Arpan Chaturvedi NEW DELHI (Reuters) – Google has filed a legal challenge in India’s Supreme Court to block a ruling by the country’s antitrust watchdog that will force the U.S. company to change how it markets its Android platform, court records showed on Saturday. The Competition Commission of India (CCI) in…
