Saudi FDI inflows reach 8.1 billion Riyals in Q1 2023 – ministry
DUBAI (Reuters) – Saudi Arabia’s foreign direct investment inflows reached 8.1 billion Riyals ($2.16 billion) in the first quarter of…
Australia fines Facebook owner Meta $14 million for undisclosed data collection
By Byron Kaye SYDNEY (Reuters) -An Australian court ordered Facebook owner Meta Platforms to pay fines totalling A$20 million ($14…
Puma sales beat estimates but U.S. market drags
By Linda Pasquini and Helen Reid (Reuters) -German sportswear brand Puma’s second-quarter sales grew by 11%, the company reported on…
TikTok to launch e-commerce program to bring Chinese goods to the US – source
By Josh Ye (Reuters) -TikTok plans to launch a program in August to help Chinese merchants sell goods globally, and…
Commonwealth Bank of Australia could cut up to 200 jobs – source
By Rishav Chatterjee (Reuters) – Commonwealth Bank of Australia, the country’s biggest lender, could cut up to 200 jobs, a…
Thai exports fall less than forecast in June, seen improving
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thai exports shrank for a ninth consecutive month in June, albeit…
Rio Tinto profit misses on iron ore price slump, cuts dividend
By Melanie Burton and Rishav Chatterjee MELBOURNE (Reuters) -Rio Tinto’s first-half underlying earnings fell to their lowest in three years…
NEWSMAKER: NatWest’s Alison Rose, trail-blazing finance boss, bows out after Farage breach
By Sinead Cruise and Iain Withers LONDON (Reuters) – NatWest’s departing CEO Alison Rose until recently told colleagues she had…
NY drug dealer sentenced in overdose death of ‘The Wire’ actor
By Rich McKay (Reuters) – The man who sold a fatal fentanyl-laced bag of heroin to actor Michael K. Williams,…
Porsche’s EV sales target under threat from supply chain snags
By Victoria Waldersee BERLIN (Reuters) -Porsche AG warned on Wednesday that supply chain problems were hampering battery-electric vehicle (BEV) production…