Seagate to pay $300 million penalty for shipping Huawei 7 million hard drives
By Karen Freifeld Reuters) -Seagate Technology Holdings PLC has agreed to pay a $300 million penalty in a settlement with…
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Southwest network failure raises concerns over system’s strength
By Allison Lampert and Rajesh Kumar Singh (Reuters) -A technology failure that temporarily halted all departures of Southwest Airlines Co…
Motor racing-Schumacher family planning legal action over AI ‘interview’
(Reuters) – Michael Schumacher’s family are planning legal action against a German weekly magazine over an ‘interview’ with the seven…
France sees debt burden easing, but interest costs surging
By Leigh Thomas PARIS (Reuters) -France will see its national debt burden fall faster than previously expected even though the…
Branson’s Virgin Orbit files Chapter 11 bankruptcy plan
(Reuters) -Richard Branson’s Virgin Orbit Holdings Inc and its subsidiaries in the United States filed a Chapter 11 bankruptcy plan…
Analysis-Investors seek to break through Japan Inc’s ‘value trap’
By Ankur Banerjee SINGAPORE (Reuters) -Corporate governance in Japan has suddenly become a cause celebre, rousing the world’s third-largest stock…
Deutsche Bank plans to cut jobs, shrink board – source
BERLIN (Reuters) – Deutsche Bank plans to reduce its executive board to nine members from 10 and to cut some…
Australia’s central bank to get new rate-setting board under review shake up
By Wayne Cole SYDNEY (Reuters) -Australia’s central bank is expected to get a new specialist board to manage monetary policy…
BMW skids into ice cream melee at Shanghai auto show
SHANGHAI (Reuters) – Chinese internet users berated German automaker BMW on Thursday, accusing it of discrimination at the Shanghai auto…
Truck maker Volvo hikes market outlook as Europe supply woes fade
By Marie Mannes STOCKHOLM (Reuters) – Sweden’s AB Volvo lifted its outlook for key heavy-duty truck markets in Europe and…