By Michel Rose (Reuters) – French President Emmanuel Macron said he will meet with Tesla CEO Elon Musk on Friday, the second time in just over a month, to promote France as a possible site for one of the electric vehicle (EV) maker’s factories as well as to discuss tech regulation. France has been courting…
By David Shepardson WASHINGTON (Reuters) – A bipartisan group of six senators and two members of the House of Representatives on Wednesday introduced legislation to protect Americans’ data from being used by U.S. adversaries. The bill is the latest in a series of proposals aimed at addressing concerns about the data of Americans using foreign-owned…
OTTAWA (Reuters) – Canada, which has been renegotiating its support for a Stellantis-LGES electric vehicle battery plant, is confident that the investment is good for the country and “is coming,” Finance Minister Chrystia Freeland said on Wednesday, hinting that a new deal may have been reached. “We’re very confident in the value of the Stellantis…
By Siddharth Cavale NEW YORK (Reuters) – Walmart’s Flipkart marketplace and PhonePe payments business in India could be $100 billion businesses buoyed by strong growth, the retailer’s chief financial officer said on Wednesday at an investor conference. Walmart does not break out sales of Flipkart and PhonePe but over the past few months, executives have…
MEXICO CITY (Reuters) – The former chief executive of SoftBank Group International, Marcelo Claure, on Wednesday launched a fund focused on Latin America with initial commitments of around $440 million. The fund, named Bicycle I from growth equity firm Bicycle Capital, targets a total size of $500 million and aims to partner with startups across…
By Julie Zhu HONG KONG (Reuters) -Bill Gates, Microsoft Corp’s co-founder, is set to meet Chinese President Xi Jinping on Friday during his visit to China, two people with knowledge of the matter said. The meeting will mark Xi’s first meeting with a foreign private entrepreneur in recent years. The people said the encounter may…
By Humeyra Pamuk WASHINGTON (Reuters) – The Biden administration will strive to step up cooperation with China to halt the flow of the synthetic opioid fentanyl into the United States, a U.S. counter-narcotics official said ahead of a visit by U.S. Secretary of State Antony Blinken to Beijing. Efforts could include negotiations with China over…
By Stephanie van den Berg THE HAGUE (Reuters) – A lawyer for Russia on Wednesday dismissed Ukraine’s account of the downing of Malaysian Airlines Flight MH17 in World Court hearings earlier this week as “fiction”. Ukraine accuses Russia before the U.N.’s top court of violating a U.N. anti-terrorism treaty by equipping and funding pro-Russian forces,…
BENGALURU (Reuters) – U.S. private equity firm Bain Capital is looking to sell a 0.7% stake in India’s Axis Bank worth as much as $267 million, CNBC-TV18 reported on Wednesday, citing sources. The stake sale would likely be at an offer price range of 964.00 rupees to 977.70 rupees per share, the report added. Bain…
By Sam Tobin LONDON (Reuters) -The billionaire co-chairman and CEO of Chinese developer Guangzhou R&F Properties Co Ltd on Wednesday agreed to be extradited from London to the United States, where he is facing bribery charges. Zhang Li, who co-founded Hong Kong-listed R&F, is wanted on a provisional warrant issued in the Northern District of…
