Month: December 2023

Reuters exclusively reported that The U.S. Air Force has eliminated Boeing (BA.N) from its competition to develop a successor to the E-4B Nightwatch, Boeing confirmed on Friday, shaking up the battle to build the next version of the aircraft known as the “Doomsday Plane” due to its ability to survive a nuclear war.  The post […]

Reuters exclusively reported that Huawei Technologies’ (HWT.UL) new smart car software and components firm is set for a valuation of up to 250 billion yuan ($34.67 billion) after it sells stakes to investors including Changan Auto.   The post Huawei’s new smart car firm valued up to $35 billion amid advanced stake talks  appeared first on […]

Reuters was first to report that Four major banks, including Standard Chartered Plc (STAN.L) and HSBC Plc (HSBA.L), have quit a United Nations-backed initiative to scrutinise climate targets set by corporations. The post Four banks quit initiative assessing climate targets  appeared first on Reuters News Agency.

Reuters was first to report that Allete Inc (ALE.N), a U.S. power utility and renewable energy developer that has a market value of about $5.2 billion, including debt, is exploring a sale of the company. The post US power utility Allete explores sale  appeared first on Reuters News Agency.

Reuters reported that Google (GOOGL.O) has called on Britain’s antitrust regulator to take action against Microsoft (MSFT.O), claiming its business practices had left rivals at a significant disadvantage. The post Google pushes for antitrust action against Microsoft in UK cloud market appeared first on Reuters News Agency.

Reuters was first to report a debt crunch at Swedish property group SBB has left the European Central Bank at risk of losses and highlighted the 26 billion euro ($29 billion) exposure it built up to Europe’s now stricken real estate sector through its crisis-era bond buying. The post ECB haunted by bond buys in […]

Reuters exclusively reported that German conglomerate Thyssenkrupp may need to hand over cash or keep hold of some pension liabilities to win Czech billionaire Daniel Kretinsky as a co-owner of its iconic steel business it is trying to divest.   The post Thyssenkrupp may have to pay up to forge steel business deal appeared first […]

Reuters exclusively reported that The $11 billion multilateral lender Climate Investment Funds, which works with the World Bank and others to accelerate investment in the developing world, has appointed Tariye Gbadegesin as its new chief executive, the first African to take the helm.   The post Climate Investment Funds appoints Tariye Gbadegesin as CEO  appeared first […]

Reuters was first to report Meta Platforms’ (META.O) paid no-ads subscription service launched in Europe this month faced one of its biggest tests as advocacy group NOYB on Tuesday filed a complaint with an Austrian regulator, saying that it amounted to paying a fee to ensure privacy.  The post Meta Platforms’ paid ad-free service targeted […]

Reuters exclusively reported that Panama’s president said on Tuesday that Canadian miner First Quantum’s lucrative copper mine Cobre Panama would be shut down, hours after the country’s Supreme Court declared its contract unconstitutional.  The post Panama president directs First Quantum to shut copper mine after court ruling appeared first on Reuters News Agency.