By Joe Cash BEIJING (Reuters) -Chinese air and naval forces are conducting manoeuvres in a disputed area of the South China Sea, the military said on Saturday, hours after the country’s top diplomat discussed ways of reducing regional tension with his U.S. counterpart. The news comes after Australia and the Philippines said their militaries would…
FRANKFURT (Reuters) – Thyssenkrupp’s 27,000 steel workers must brace for deep cuts, the new head of the conglomerate’s steel division told a German newspaper, setting the stage for significant layoffs. “Tough cuts are necessary. We have to become more profitable,” Dennis Grimm, spokesperson for Thyssenkrupp Steel Europe’s (TKSE) executive board, told Westdeutsche Allgemeine Zeitung (WAZ)…
(Reuters) – TD Bank is close to a possible guilty plea to criminal charges that its U.S. retail bank failed to curb money laundering tied to Chinese crime groups and illicit fentanyl sales, the Wall Street Journal reported on Friday. Canada’s second-largest lender is in talks with U.S. federal prosecutors and its U.S. retail arm…
(Reuters) – Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the Wall Street Journal said on Friday. The tech giant recently fell out of the talks for the round, set to close next week, the newspaper said, citing a person familiar with the matter. Other firms,…
