Month: July 2022

Reuters exclusively revealed the European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce tough new rules aimed at reining in the powers of Big Tech. The landmark rules, agreed in March, will go into effect next year. They will bar companies from setting their own […]

Reuters exclusively reported dozens of former Republican and Democratic officials announced a new national political third party yesterday to appeal to millions of voters they say are dismayed with what they see as America’s dysfunctional two-party system. The new party, called Forward, will initially be co-chaired by former Democratic presidential candidate Andrew Yang and Christine […]

Reuters exclusively reported BTRS Holdings Inc, the owner of business payments vendor Billtrust, is exploring options that include a potential sale. A sale to a private equity firm is one of the options being examined. Shares of BTRS Holdings Inc rose as much as 17% after Reuters reported the news The post Reuters reveals business […]

Reuters was the first to report that Credit Suisse is in the early stages of weighing options to bolster its capital after a string of losses has eroded its financial buffers. The size of the increase would be likely to exceed 1 billion Swiss francs, but this has not yet been determined. The cash injection would […]

Reuters exclusively reported that the Czech treasury is looking at adding a new euro-denominated bond this year and issuing treasury bills in euros for the first time, taking advantage of its debt being newly accepted as collateral in European Central Bank operations. Separate discussions are also under way on whether the country could boost its […]

Reuters exclusively reported that bidders competing to acquire Kohl’s are preparing to make binding offers that are up to 15% lower than the indicative bids they submitted earlier this year to reflect the market downturn and the U.S. retailer’s deteriorating business. The bidders include private equity firm Sycamore Partners, brand holding firm Franchise Group and […]

Reuters exclusively reported that Ukraine’s destruction of Russian artillery systems and armoured vehicles with Turkish Bayraktar TB2 aerial drones has made “the whole world” a customer, according to its designer. Selcuk Bayraktar, who runs the Istanbul firm Baykar with his brother Haluk, said the drones had shown how technology was revolutionising modern warfare. At least […]

Reuters reported that China’s ‘zero-COVID’ policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has battered much of the country’s economy but has created bubbles of growth in the medical, technology and construction sectors. The Chinese government, alone among major countries in vowing to eradicate the coronavirus within […]

Reuters revealed that Japanese buyout firms Japan Industrial Partners and Polaris Capital Group are each considering participating in bids for Toshiba Corp. Toshiba, which has been bedeviled by accounting and governance crises since 2015, set up a special committee last month to explore strategic options, including potential deals to go private, after shareholders voted down […]

Reuters revealed that uranium miners are racing to revive projects mothballed after the Fukushima disaster more than a decade ago, spurred by renewed demand for nuclear energy and a leap in yellowcake prices after Russia’s invasion of Ukraine. Spot prices for uranium have doubled from lows of $28 per pound last year to $64 in […]