Month: August 2022

Reuters exclusively revealed Swiss giant Holcim’s India units and more than a dozen other cement manufacturers colluded to raise prices and restrict supplies for years, which included regularly inspecting one another to ensure there was no breach of the agreements. The investigations arm of the Competition Commission of India (CCI) has held top leadership  — CEOs or […]

Reuters was first to report that Samsung Electronics has scaled back production at its massive smartphone plant in Vietnam, as retailers and warehouses grapple with rising inventory amid a global fall in consumer spending. The effect is acutely felt in Vietnam’s northern province of Thai Nguyen, one of Samsung’s two mobile manufacturing bases in the […]

Reuters took readers on a deep dive into how senior Burmese military commanders held secret talks about operations against the minority Rohingya Muslim population. In official records seen by Reuters, commanders discussed ways to insert spies into Rohingya villages, resolved to demolish Muslim homes and mosques and laid plans for what they clinically referred to […]

Reuters exclusively reported that Missouri Attorney General Eric Schmitt has launched an investigation into whether financial research firm Morningstar violated a state consumer-protection law through its evaluations of environmental, social and governance issues. The review also covers whether the firm violated a separate Missouri law aimed at protecting Israel from a campaign to isolate the […]

Reuters exclusively revealed France, Italy and Spain are stepping up pressure on the European Commission to come up with legislation that ensures Big Tech firms partly finance telecoms infrastructure in the bloc. This was the first time the three governments have expressed their joint position on the issue. The post Reuters reveals Big Tech should […]

Reuters exclusively reported wind turbine maker Siemens Gamesa is considering cutting around 2,500 jobs, or about 9% of its total, to recover from losses that have prompted its main shareholder to launch a takeover. The cuts would reduce a workforce of some 27,000 people.  The post Reuters reveals Siemens Gamesa weighs 2,500 job cuts appeared […]

Reuters was first to report that a Luxembourg bailiff has ordered banks to freeze assets held by Ecuador in Luxembourg accounts as a result of a dispute over a $391 million settlement award that Anglo-French oil company Perenco says remains unpaid. Ecuador’s government pledged in June 2021 to honor the debt, awarded to Perenco by […]

Reuters exclusively reported the U.S. Environmental Protection Agency plans to use new limits on traditional pollutants like ozone and coal ash to help encourage the retirement of the nation’s remaining coal-fired power plants, after the Supreme Court limited the agency’s ability to impose sweeping climate regulations. The post Reuters reveals Biden EPA to tackle coal […]

Reuters exclusively reported South Korea’s property market has abruptly gone from sizzling hot to floundering, piling pressure on some of the world’s most debt-saddled consumers as the sector experiences the fastest interest rate hikes on record. Prices of Seoul apartments last week reported their sharpest decline in 26 months, while transaction volumes in the capital […]

Reuters exclusively reported UnitedHealth Group Inc, the top U.S. healthcare company by market capitalization, is struggling to sell Brazilian unit Amil due to antitrust issues and growing losses from individual health plans. After studying ways to divest Amil 10 years after acquiring it, UnitedHealth decided last month to suspend the sale process, asking for anonymity […]