Month: December 2022

Reuters was first to report Grab Holdings, Southeast Asia’s biggest ride-hailing and food delivery firm, is cutting more costs to cope with an uncertain economic backdrop, the Singapore-based company’s CEO told staff in a memo. The measures include a freeze on most hiring, salary freezes for senior managers and cuts in travel and expense budgets.  […]

Reuters was first to report that popular short-video app TikTok is offering to operate more of its business at arm’s length and subject it to outside scrutiny as it tries to convince the U.S. government to allow it to remain under the ownership of Chinese technology company ByteDance. The post Reuters reveals TikTok steps up […]

Reuters was first to report that Ghana suspended payments on much of its external debt, effectively defaulting as the west African country struggles to plug its cavernous balance of payments deficit. Prices of Ghana’s sovereign international bonds dropped sharply in the wake of the announcement.  Ghana had already announced a domestic debt restructuring and struck […]

Reuters exclusively revealed that law enforcement officials investigating Elon Musk’s Neuralink Corp over its animal trial program are also scrutinizing the U.S. Department of Agriculture’s oversight of the company’s operations, after the agency failed to act on violations at other research organizations. The post Reuters reveals Probe of Musk’s Neuralink to scrutinize long-criticized U.S animal […]

Reuters shed light on how relentlessly rising rents, eight consecutive interest rate hikes, surging living costs and devastating natural disasters in the past few years have inflamed what was already among the world’s least affordable rental markets in Australia.  Every state capital city is experiencing a decline in rental affordability this year, according to the annual […]

Reuters exclusively reported that former FTX Chief Executive Sam Bankman-Fried was expected to appear in court in the Bahamas this week to reverse his decision to contest extradition to the United States, where he faces fraud charges. The post Reuters reveals Sam Bankman-Fried to reverse decision on contesting extradition appeared first on Reuters News Agency.

Reuters was first to report that L3Harris Technologies Inc was nearing a $4.7 billion deal to acquire U.S. rocket maker Aerojet Rocketdyne Holdings Inc, 10 months after the latter’s $4.4 billion sale to Lockheed Martin Corp fell through. The post Reuters reveals L3Harris nears $4.7 billion deal to acquire Aerojet Rocketdyne appeared first on Reuters […]

Reuters shed light on how UniCredit has struck a deal with asset manager Azimut Holdings in a move that paves the way for the Italian bank to return to fund management a decade after it pulled away from the business. Under the accord, Azimut will set up a company in Ireland. UniCredit can acquire control […]

Reuters exclusively revealed that PepsiCo plans to roll out 100 heavy-duty Tesla Semis in 2023, when it will start using the electric trucks to make deliveries to customers like Walmart and Kroger. The soda maker PepsiCo is the first company to experiment with the battery-powered Tesla Semis as a way of cutting its environmental impact.  […]

Reuters took readers on a deep dive into how with Haruhiko Kuroda’s decade helming Japan’s central bank nearing an end, more of his senior colleagues are seeing a case to remove the bank’s cap on bond yields, a key but problematic piece of his radical monetary stimulus. The post Reuters reveals as Kuroda bows out, […]