Month: October 2022

Reuters exclusively reported U.S. chip toolmaker KLA Corp will cease offering some supplies and services to China-based customers including South Korea’s SK Hynix in compliance with recent U.S. regulations. The move underscores huge business headwinds facing chipmakers and chip equipment makers around the world, as the Biden administration published a sweeping set of export controls […]

Reuters exclusively revealed more than 40 European rivals to Google’s shopping service urged European Union (EU) antitrust regulators to use newly adopted tech rules to ensure the Alphabet unit complies with a 2017 EU order to allow more competition on its search page. The European Commission fined Google 2.4 billion euros five years ago and […]

Reuters exclusively reported that Alphabet unit Google could face European Union (EU) antitrust charges next year over its digital advertising business, putting the company at risk of its fourth fine in the EU of more than a billion euros. Google’s ad business, which generated over $100 billion in sales last year, is Alphabet’s biggest moneymaker. […]

Reuters was first to report that the Bank of England had no intention of extending purchases of bonds beyond the previously set deadline, hours after it expanded the programme to include inflation-linked debt. The sterling fell more than a cent against the U.S. dollar to its lowest since Sept. 29 after remarks by Bank of […]

Reuters was first to report U.S. drug inspectors recently recorded several new quality-control problems at an Eli Lilly and Co plant that is already the subject of a federal investigation over manufacturing lapses, according to a government report reviewed by Reuters. The post Reuters reveals U.S. finds new quality problems at Lilly drug factory appeared […]

Reuters exclusively revealed that Iran is rapidly expanding its ability to enrich uranium with advanced centrifuges at its underground plant at Natanz and now intends to go further than previously planned, a confidential U.N. nuclear watchdog report seen by Reuters showed.  The post Reuters reveals Iran racing to expand enrichment at underground plant, IAEA report […]

Reuters shed light on how Chinese missiles flying over Taiwan and naval drills in the Strait in August that simulated a blockade by China have jolted the semiconductor industry into contemplating what once seemed a remote possibility: war over the major chip-producing island. From drafting contingency plans to inquiring about manufacturing capacity outside Taiwan, some […]

Reuters was first to report Indian authorities have demanded $244 million from the local unit of French spirits giant Pernod Ricard for undervaluing concentrate imports for over a decade to avoid full payment of duties.  The post Reuters reveals India demands nearly $250 million from Pernod for undervaluing imports appeared first on Reuters News Agency.

Reuters exclusively reported Romania will reduce its foreign debt issuance target for next year as it taps European Union funds and low-interest rate loans, while a lower budget deficit will reduce its overall net issuance, the finance ministry’s treasury head told Reuters last week. The European Union state has become a fixture on foreign markets, […]

Reuters exclusively reported Indian car makers have proposed cutting the tax rate on imported cars to 30% as part of a trade deal with Britain, an unprecedented move that could ease access to one of the world’s most protected automobile markets.  The post Reuters reveals Indian car makers propose tax cut on imports in trade […]