By Farah Master HONG KONG (Reuters) – For many of China’s manufacturers of baby and children’s products, painful reverberations from last year’s historic decline in the country’s population are already upon them. Domestic sales are shrinking and the scramble is on to develop new streams of revenue, whether that be diversifying into products for adults…
(Reuters) -A U.S. Army sergeant was sentenced to 25 years in a Texas prison on Wednesday for killing a man at a protest against police brutality in 2020, setting the stage for Governor Greg Abbott to make good on a pledge to grant a pardon. Daniel Perry was found guilty last month of shooting to…
By Sarah Young and Paul Sandle LONDON (Reuters) -British engine maker Rolls-Royce said the new CEO’s plan to boost the company’s profitability was moving “at pace”, and it was on track to meet 2023 forecasts, buoyed by cost savings and the ongoing travel recovery. But shares in the company, which has been one of the…
By Andrew Hay (Reuters) – The prop supplier for “Rust” said the movie’s armorer told him that before the production she bought the same type of ammunition as the live round that killed the cinematographer during filming in 2021, according to sheriff’s office records. Armorer Hannah Gutierrez-Reed is the only person still facing charges in…
DUBAI (Reuters) – Abu Dhabi oil giant ADNOC intends to offer 15% of its shares in unit ADNOC Logistics & Services (ADNOC L&S) through an initial public offering (IPO) on the Abu Dhabi stock exchange, the company said on Wednesday. ADNOC will offer about 1.1 billion shares in its maritime logistics services unit, which is expected…
By Kate Lamb LABUAN BAJO, Indonesia (Reuters) -Southeast Asia’s ASEAN grouping will not give up trying to end violence in fellow member Myanmar even though the ruling military there has made no progress on a peace plan it agreed with the bloc two years ago, Indonesia said on Thursday. Frustration has mounted among some members…
TOKYO (Reuters) – Japan’s Honda Motor Co on Thursday forecast a 19.1% rise in operating profit for this business year, after it missed analysts’ estimates in the fourth quarter. Japan’s second-biggest automaker forecast full-year operating profit rising to 1.0 trillion yen ($7.40 billion) compared with a 985.62 billion yen average profit expected by 21 analysts….
By Ludwig Burger FRANKFURT (Reuters) – Germany’s Merck KGaA on Thursday warned that adjusted operating earnings could decline by as much as 10% this year as the outlook for its specialty chemicals business darkened, offsetting an upswing in drug prescriptions. The company said it was expecting between 6.1 billion euros ($6.71 billion) and 6.7 billion…
By Jeffrey Dastin MOUNTAIN VIEW, California (Reuters) – The financial report you read, the apparel marketing you see and the chat assistant you engage may soon reflect a common origin: artificial intelligence from Google. The cloud division inside Alphabet Inc is lining up customers to put its newest technology to the test, so-called generative AI…
(Reuters) – China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals now settled in the Chinese currency instead of dollars, people familiar with the matter said. Chinese imports of major commodities from its northern neighbour totalled…
