By Karol Badohal and Supantha Mukherjee WROCLAW, Poland/STOCKHOLM (Reuters) – Poland’s third-largest city Wroclaw beat rivals last week to be home to the next multi-billion dollar Intel chip factory in Europe, with a two-year campaign promising subsidies, infrastructure, talent and a slice of American life. In the face of an unprecedented semiconductor shortage, Europe is…
By Victoria Waldersee BERLIN (Reuters) – While investors welcomed Volkswagen’s decision to audit its jointly-owned plant in Xinjiang, China, some are questioning how it will be run and whether it is enough to eliminate the risk of forced labour in the supply chain. Deka, Union Investment and the Dachverband Kritische Aktionaere (Umbrella Organisation for Critical…
(Reuters) -Accenture fanned concerns about dwindling IT spending on Thursday with a quarterly revenue forecast that was below Wall Street estimates, sending its shares down more than 5%. CEO Julie Sweet said clients were “holding back on small deals” in the face of an uncertain economic outlook, mirroring remarks from Cognizant Technology Solutions last month….
LONDON (Reuters) – Inflation is cooling, meaning major central banks can start to think about ending interest rate hikes even if most are not there just yet. The Bank of England, an outlier in some ways given the persistence of British inflation, on Thursday raised its benchmark rate by a bigger-than-expected half a percentage point….
MOSCOW (Reuters) -The Russian chapter of the global environmental campaign group WWF on Thursday said it had cut ties with WWF International after Russia designated WWF as an “undesirable organisation”. The label is equivalent to a ban on the group’s activities in Russia. On Wednesday, the prosecutor-general had accused WWF-Russia of presenting “security threats in…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine central bank kept its benchmark interest rate steady at 6.25% for a second straight meeting on Thursday, and its governor hinted the rate could stay there longer with inflation on an easing trend. Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said…
OAKLAND, California (Reuters) – U.S. memory chip firm Micron Technology, Inc said on Thursday it would invest up to $825 million in a new chip assembly and test facility in Gujarat, India, its first factory in the country. Micron said that with support from the Indian central government and from the state of Gujarat, the…
By Allison Lampert and Aditi Shah PARIS/NEW DELHI (Reuters) – Standing at a small booth among a row of other Japanese aerospace suppliers at the Paris Airshow, Yoko Konno is excited at the prospect of new orders for her company, but frowns at long delays to get titanium and the rising cost of chemicals. “It…
By Louise Dalmasso PARIS (Reuters) -A French robot that can dive to 20,000 feet (6,000 metres) underwater is on its way to help find a tourist submersible that vanished as it descended to the Titanic wreck and it could help free the sub if it is trapped, its operator said on Wednesday. The unmanned robot,…
A look at the day ahead in U.S. and global markets from Mike Dolan Even if investors sense light at the end of the tunnel, Western central banks are clearly not finished tightening credit just yet – certainly not in ‘inflation outlier’ Britain. Federal Reserve chair Jerome Powell threw more cold water on hopes for…
