Month: July 2022

Reuters revealed a top European official has backed a multi-trillion-euro “Marshall”-style plan to rebuild Ukraine, pledging the firepower of the EU’s lending arm for what he said must be a global rescue effort. Werner Hoyer, president of the European Investment Bank, said Europe must not be left alone to foot the vast bill from Russia’s […]

Reuters exclusively revealed TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming. Featuring games on its platform would boost advertising revenue as well as the amount of time users spend on the app – one of the world’s most […]

Reuters exclusively reported that Volkswagen is expected to win unconditional EU antitrust approval for its 2.9-bln-euro bid for French rental car company Europcar, an acquisition that will boost its presence in fast-growing mobility services, which are seen as the next money spinner for carmakers. Volkswagen teamed up with asset manager Attestor Limited and Dutch mobility […]

Reuters exclusively revealed that Nestle is flying baby formula supplies to the United States from the Netherlands and Switzerland to help alleviate the shortage in U.S. supermarkets. Nestle is moving Gerber baby food formula from the Netherlands and Alfamino baby formula from Switzerland to the U.S., the company said in an emailed statement to Reuters. […]

Reuters reported exclusively that Perrigo Company, which makes store-brand baby formulas for retailers, including Walmart and Amazon, expects shortages and heightened demand to last for the balance of the year. Chief Executive Murray Kessler told Reuters that Perrigo’s formula manufacturing facilities in Ohio and Vermont are doing everything they can to increase production, now running […]

Reuters exclusively reported how, from the Maldives to Venezuela, Iran gets oil to an ally despite U.S. sanctions. The widening energy cooperation, which includes ship-to-ship transfers at remote spots in the Indian Ocean, is helping cash-strapped Venezuela obtain supplies to convert its extra heavy oil and boost exports.  The post Reuters reveals from the Maldives […]