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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.

Reuters was first to report that Rescuers on Tuesday pulled out all 41 workers trapped for 17 days inside a collapsed tunnel in the Himalayas after drilling through the debris of rock, concrete and earth to reach them, triggering jubilation across India.  The post India jubilant as all trapped workers rescued from Himalayan tunnel appeared […]

Reuters exclusively reported that Toyota Motor (7203.T) and two affiliates plan to sell about 10% of components maker Denso (6902.T) by year-end, a stake likely worth about $4.7 billion. The post Toyota group companies plan $4.7 billion sale of Denso stake appeared first on Reuters News Agency.

Reuters was first to report that French telecoms firm Orange (ORAN.PA) told Reuters on Monday that it had decided to withdraw from the process to purchase an up to 45% stake in Ethiopian operator Ethio Telecom. Orange submitted an expression of interest in 2021 to participate in the partial privatisation of Ethio Telecom, a former […]

Reuters reported that Bhavish Aggarwal, India’s answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation to a cleaner future. Some of his mechanics can’t keep up, though. Aggarwal’s Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from […]

Reuters exclusively reported that Toyota Motor (7203.T) and two affiliates plan to sell about 10% of components maker Denso (6902.T) by year-end, a stake likely worth about $4.7 billion, sources familiar with the matter said. The sale of shares in Denso would mark the latest step by the world’s top selling automaker to cash in […]

Reuters exclusively reported that The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that such sales could douse a long-desired rally.   The post Beijing bourse tells ‘major shareholders’ to refrain from selling appeared first on Reuters News Agency.