SEOUL (Reuters) – Samsung Electronics plans to increase chip production capacity at its largest semiconductor plant next year, despite forecasts of an economic slowdown, a South Korean newspaper reported late on Sunday. The move contrasts with the scaling back of investment by rival chipmakers amid falling demand and a glut of chips. Analysts have said…
(Reuters) -Moscow is ready to resume gas supplies to Europe through the Yamal-Europe Pipeline, Russian Deputy Prime Minister Alexander Novak told state TASS news agency. “The European market remains relevant, as the gas shortage persists, and we have every opportunity to resume supplies,” TASS cited Novak as saying in remarks published by the agency on…
(Reuters) -Bloomberg L.P. has no interest in acquiring either Dow Jones or the Washington Post, a Bloomberg L.P. spokesman said in a tweet. “There have been no conversations with anyone or either organization about an acquisition,” spokesman Ty Trippet said in the tweet, which was retweeted by billionaire owner Michael Bloomberg. News website Axios reported…
JERUSALEM (Reuters) – Israel’s banking regulator on Sunday approved a conditional licence and control permit to a group of entrepreneurs to establish a new online bank, the second addition to the highly concentrated banking sector in three years. The Bank of Israel said its banking supervision department had completed the inspection process for the new…
(Reuters) – The economy of Belarus is expected to shrink by 4% in 2022 after western nations imposed punitive measures, much less than some had forecast, Interfax cited Prime Minister Roman Golovchenko as saying on Saturday. The European Union, the United States and others have imposed billions of dollars worth of sanctions on the ex-Soviet…
By Valentine Hilaire PANAMA CITY (Reuters) -Canada-based miner First Quantum Minerals Ltd and its subsidiary Minera Panama started arbitration processes against Panama, the country’s ministry of commerce and industry said on Saturday, as the two sides have been locked in a disagreement over payments and mine operations. Panama’s government on Monday ordered First Quantum to…
SHANGHAI (Reuters) – Tesla suspended production at its Shanghai plant on Saturday, according to an internal notice and two people with knowledge of the matter, bringing ahead a previous plan to pause most work at the plant in the last week of December. The U.S. automaker cancelled the morning shift and told all workers at…
By Kenneth Li NEW YORK (Reuters) – Twitter Inc restored a feature that promoted suicide prevention hotlines and other safety resources to users looking up certain content, after coming under pressure from some users and consumer safety groups over its removal. Reuters reported on Friday that the feature was taken down a few days ago,…
SHANGHAI (Reuters) – Tesla suspended production at its Shanghai plant on Saturday, according to an internal notice and two people with knowledge of the matter, bringing ahead a previous plan to pause most work at the plant in the last week of December. The U.S. automaker cancelled the morning shift and told all workers at…
FRANKFURT (Reuters) – The European Central Bank must be prepared to take the heat and raise interest rates further, including by more than the market expects, if that is needed to bring down inflation, ECB policymaker Isabel Schnabel said in an interview published on Saturday. The ECB raised rates for a fourth straight time last…
