(Reuters) – Indian conglomerate Reliance Industries Ltd is paying nearly $100 million for a controlling stake in Mandarin Oriental New York, a five-star hotel in midtown Manhattan, through the purchase of its Cayman Islands-based parent. Reliance said in a stock exchange filing on Saturday its industrial investments subsidiary will acquire Cayman Islands-based Columbus Centre Corp…
WASHINGTON (Reuters) – U.S. Senator Joe Manchin’s $1.8 trillion spending offer he proposed to the White House in late 2021 appears to be no longer on the table following a breakdown between the Democratic lawmaker from West Virginia and the White House, the Washington Post reported on Saturday. Manchin told reporters this week that he…
SARAJEVO (Reuters) – Serbia may soon decide to annul all contracts related to mining group Rio Tinto’s $2.4 billion lithium project in the country, Prime Minister Ana Brnabic said on Saturday, as green groups blocked roads across Serbia protesting against the plan. Rio Tinto wants to develop the mine near Loznica in the western Jadar…
MILAN (Reuters) – A group of Telecom Italia (TIM) directors, including representatives of top investor Vivendi, asked the group’s chairman to call a special board meeting to appoint a new chief executive, two sources close to the matter said. Hit by a string of profit warnings last year, the former phone monopoly lost its fourth…
ZURICH (Reuters) – Credit Suisse Chairman Antonio Horta-Osorio is likely to be rebuked by the bank’s board after an internal investigation found he breached COVID-19 rules a second time, Tages-Anzeiger newspaper reported on Saturday. The probe by Credit Suisse’s legal team found the Portuguese banker attended the Wimbledon tennis finals in London last July without…
By David Henry, Noor Zainab Hussain and Anirban Sen (Reuters) – Citigroup Inc staff in the United States who have not been vaccinated against COVID-19 by Jan. 14 will be placed on unpaid leave and fired at the end of the month unless they are granted an exemption, according to a company memo seen by…
By Jahnavi Nidumolu (Reuters) -The head of communications at Facebook parent Meta Platforms Inc, John Pinette, is leaving the company, the social media company said late on Friday. Chris Norton, vice president of international communications, will cover the role on an interim basis, a Meta spokesperson said in an emailed statement to Reuters. “John Pinette…
(Reuters) -Social media platform Reddit Inc, whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Morgan Stanley and Goldman Sachs Group for its initial public offering, a source familiar with the matter told Reuters on Friday. Reddit had confidentially filed for an IPO in December and is…
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk tweeted on Friday that the electric carmaker will raise the U.S. price of its advanced driver assistant software dubbed “Full Self Driving” to $12,000 on Jan. 17. The 20% price rise comes less than two years since Tesla raised Full Self-Driving (FSD) prices to $10,000 from…
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration (FAA) on Friday disclosed a list of 50 U.S. airports that will have buffer zones when wireless carriers turn on new 5G C-band service on Jan. 19. AT&T and Verizon Communications on Monday agreed to buffer zones around 50 airports to reduce the risk of disruption from…
