TAIPEI (Reuters) -Operations at a unit of Taiwan-based Apple Inc supplier Foxconn in China’s Kunshan city remain suspended because of COVID-19 controls but there is limited impact as it has shifted production elsewhere, it said on Monday. The operations in Kunshan of Foxconn Interconnect Technology, which makes data transmission equipment and connectors, will remain closed…
(Reuters) -U.S. President Joe Biden told Chinese President Xi Jinping following his meeting with Russia’s Vladimir Putin to “be careful” because Beijing relies on Western investment, according to excerpts from an interview with CNN. “I said: This is not a threat. This is an observation,” Biden said. “Since Russia went into Ukraine, 600 American corporations…
By John McCrank NEW YORK (Reuters) – Nasdaq’s eye-popping $10.5 billion bet on the little known financial software company Adenza will help the exchange operator vastly expand the market for its products, from risk management and regulatory software to anti-financial crime technology. Nasdaq said on June 12 it would buy Adenza from private equity firm…
LONDON (Reuters) – Britain’s competition regulator said on Friday it had fined Facebook-owner Meta 1.5 million pounds ($2 million) over fresh issues regarding its purchase of Giphy, a sanction that the U.S. firm said it would accept. Britain’s Competition and Markets Authority (CMA) has taken a tough line with major tech groups in recent years,…
(Reuters) – Lowe’s Cos Inc said on Friday Chief Financial Officer David Denton would step down in order to pursue another opportunity at a publicly traded company outside the industry. The company added that Brandon Sink, the senior vice president of retail finance, will succeed Denton, effective April 30. (Reporting by Ananya Mariam Rajesh in…
By Bozorgmehr Sharafedin LONDON (Reuters) -Oil prices dropped BY more than $2 a barrel on Monday after a second straight weekly decline on plans to release record volumes of crude and oil products from strategic stocks and on continuing coronavirus lockdowns in China. Brent crude for June delivery was down $2.12, or 2.1%, at $100.66…
By Karen Freifeld NEW YORK (Reuters) – Allen Weisselberg, a longtime executive for Donald Trump and the star prosecution witness in the criminal trial of the former president’s real estate company, was sentenced on Tuesday to five months behind bars for helping engineer a wide-ranging tax fraud at the Trump Organization. Weisselberg, 75, was expected…
SEOUL (Reuters) – South Korea’s LG Energy Solution Ltd (LGES) said on Tuesday it swung to profit in the October-December quarter, though its electric vehicle (EV) battery demand was weaker than expected as automakers grapple with a global chip shortage https://www.reuters.com/business/autos-transportation/why-is-there-global-chip-shortage-why-should-you-care-2021-03-31. The battery maker, which went public https://www.reuters.com/markets/europe/lg-energy-solution-debuts-after-13-trillion-frenzy-skoreas-biggest-ipo-2022-01-26 last month in the country’s biggest ever…
CANBERRA, Australia (AP) — The Australian government said on Monday it is considering tougher cybersecurity rules for telecommunications companies and blamed Optus, the nation’s second-largest wireless carrier, for an unprecedented breach of personal data from 9.8 million customers. Optus said last Thursday it had become aware the day before of the cyberattack which obtained the…
PRAGUE (Reuters) – Skoda Auto, the Czech unit of Volkswagen, expects its parent group could make a decision on the location of a planned large battery factory in eastern Europe by the end of the year, Skoda’s Chief Executive Klaus Zellmer said on Monday. “If we get everything right, we might see the first firm…
