(Reuters) -British luxury brand Burberry is evaluating potential candidates to succeed Gerry Murphy as chairman, Sky News reported on Tuesday. While Murphy is not expected to step down this year, the exact timing of his departure has not been formally determined, the report said, citing insiders. Murphy, who took over from Sir John Peace in…
By Jody Godoy (Reuters) -The head of the U.S. Department of Justice’s antitrust division laid out a vision for “America First” antitrust in her first public speech on Monday, calling it a way to prevent corporate regulation. Robust antitrust enforcement, including merger enforcement, is necessary as a check on the free market that will ultimately…
By Doyinsola Oladipo NEW YORK (Reuters) -Kimberly Hilliard, co-founder of a five-year-old travel agency in Maryland, says at this time of year she usually fields up to 10 inquiries a week from clients eager to book vacations, but for much of the past month her phones have gone quiet. The unusual lull in Hilliard’s business…
(Reuters) -China’s foreign ministry has asked all parties involved in CK Hutchison’s planned sale of most of its ports operations to a BlackRock-led consortium to “act prudently,” state news agency Xinhua reported on Monday. The sale by the Hong Kong conglomerate, which contains two ports adjacent to the strategically important Panama Canal, has become highly…
By Karen Brettell NEW YORK (Reuters) -The U.S. Treasury Department is expected to leave most of its auction sizes unchanged for the fifth straight quarter when it announces its refunding plans on Wednesday, but investors will focus on any clues about increases further down the road, or on the likelihood of a possible near-term cut….
(Reuters) -Chinese social media platform TikTok will enter the online shopping industry in Japan within the next few months, the Nikkei newspaper reported on Sunday. The company is preparing to recruit sellers soon for its e-commerce arm TikTok Shop in Japan, Nikkei said, citing a source involved in the operations. TikTok did not immediately respond…
By Maki Shiraki and Makiko Yamazaki TOKYO (Reuters) -Toyota Motor said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries – a buyout that reportedly could cost $42 billion. “We are currently exploring various possibilities, including partial investment,” the automaker said in a filing with the Tokyo…
(Reuters) -China’s Huawei Technologies is preparing to test its newest and most powerful artificial-intelligence processor, hoping to replace some higher-end products of U.S. chip giant Nvidia, the Wall Street Journal reported on Sunday. Huawei has approached some Chinese tech companies about testing the technical feasibility of the new chip, called the Ascend 910D, the report…
By Matt Spetalnick, John Geddie, Lili Bayer WASHINGTON/TOKYO/BRUSSELS (Reuters) -He has launched an unprecedented global tariff war and slashed U.S. foreign aid. He has disparaged NATO allies and embraced Russia’s narrative about its invasion of Ukraine. And he has spoken about annexing Greenland, retaking the Panama Canal and making Canada the 51st state. In the…
(Reuters) -T-Mobile’s prepaid unit unveiled four new plans on Tuesday that provide a five-year price guarantee and monthly charges as low as $25 per line, as the company seeks to shield its market share from competition amid economic uncertainty. WHY IT’S IMPORTANTThe launch by T-Mobile’s unit, Metro, comes at a time when consumers are becoming…
