Month: August 2022

Reuters exclusively reported European Union (EU) antitrust regulators will not appeal a court ruling scrapping its 997-million-euro fine against Qualcomm, in a major win for the U.S. chipmaker. It is rare for the European Commission not to appeal adverse judgments, but the EU competition watchdog feels that it would be very difficult to make its […]

Reuters set the U.S. political news agenda this past weekend and exclusively revealed that Donald Trump-backed Pennsylvania gubernatorial candidate Doug Mastriano posed in a Confederate uniform for a 2013-14 faculty photo at the U.S. Army War College, where he worked. Obtained under a Freedom of Information Act request after reporters learned of its existence, the […]

Reuters was first to report that many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia’s invasion of Ukraine. Nayara per se has not been sanctioned as part of the international response to what Russia calls its “special military […]

Reuters shed light into how, from $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such “aspirational” purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major […]

Reuters was first to report Sri Lanka will ask Japan to invite the Indian Ocean island’s main creditor nations, including China and India, to talks on bilateral debt restructuring as it seeks a way out of its worst economic crisis in decades. “Someone needs to call in, invite the main creditor nations. We will ask […]

Reuters exclusively revealed China’s banking regulator is scrutinising property loan portfolios of some local and foreign lenders to assess systemic risks, as a crisis in the real estate sector worsens and weighs heavily on the economy. As part of their assessment, the China Banking and Insurance Regulatory Commission is looking at banks’ loan book exposure […]

Reuters was first to report China’s EVE Energy Co will supply BMW with large cylindrical batteries for its electric cars in Europe, as the German automaker follows Tesla in adopting the new technology. EVE has signed contracts to be BMW’s primary supplier of the battery cells in Europe for its new series of electric vehicles […]

Reuters provided insight into how Toyota is rebooting its strategy for India, doubling down on a bet that emerging markets will learn to love its hybrids, as long as the price is right. Renowned for its pioneering Prius, the Japanese carmaker has struggled to sell large numbers of its hybrid Camry sedan since its Indian […]

Reuters exclusively reported that Procter & Gamble (P&G) will take steps aimed at reducing potential harm to forests from its purchases of wood pulp for toilet paper and other consumer goods, after being pressured by environmentalists and investors for more sweeping changes. P&G faces scrutiny from environmental non-profits and some investors, in part because it […]

Reuters exclusively reported that a conservative government would be cautious in managing Italy’s public finances. The nationalist Giorgia Meloni, seen as the front runner to become Italy’s first woman prime minister after the September 25 national vote, told Reuters that, if she becomes prime minister, she will not usher in an era of conflict with […]