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Reuters exclusively reported that India plans to offer cash subsidies, lower taxes and other incentives to bolster its shipbuilding industry, as part of an effort to reduce the pain of high freight rates for the nation’s manufacturers. The plans include subsidies so that at least 50 new vessels can be built, as well as granting […]

Reuters exclusively reported that Elon Musk’s Neuralink is under federal investigation for potential animal-welfare violations amid internal staff complaints that its animal testing is being rushed, causing needless suffering and deaths. The post Reuters reveals Musk’s Neuralink faces federal probe, employee backlash over animal tests appeared first on Reuters News Agency.

Reuters exclusively reported that Canada’s largest pension fund CPP Investments is set to raise C$500 million in its first “reverse inquiry” bond, a debt instrument that is issued in response to investor demand. The bond offer gives Canadian institutional investors a rare opportunity to buy into the pension manager’s debt at an attractive coupon.  The […]

Reuters exclusively reported that Sam Bankman-Fried’s FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years. Records showed most of FTX’s purchases were luxury beachfront homes, including seven condominiums in an expensive resort community costing almost $72 […]

Reuters exclusively reported South Korean President Yoon Suk-yeol warned of an unprecedented joint response with allies if North Korea goes ahead with a nuclear test, and urged China to help dissuade the North from pursuing banned development of nuclear weapons and missiles. The post Reuters reveals South Korea’s Yoon warns of unprecedented response to North […]

Reuters exclusively reported South Korea will offer “tailored” incentives to encourage Tesla to set up an electric vehicle gigafactory in the country and will minimise any risks posed by militant unions, President Yoon Suk-yeol told Reuters. Yoon held a video call with Tesla Chief Executive Elon Musk last week and Yoon’s office cited Musk as […]

Reuters shed light on how Banco BPM has picked its top investor, Credit Agricole, to start exclusive talks over a non-life insurance partnership. The French bank, which holds 9.2% of Banco BPM, has trumped a rival bid by insurer AXA in a deal which sources have said is expected to be worth around 300 million […]

Reuters exclusively revealed Moscow has sent India a list of more than 500 products for potential delivery, including parts for cars, aircraft and trains, as sanctions squeeze Russia’s ability to keep vital industries running. The list, a version of which has been seen by Reuters in New Delhi, is provisional and it is unclear how […]

Reuters was first to report China’s central bank will offer cheap loans to financial firms for buying bonds issued by property developers, the strongest policy support yet for the crisis-hit sector. The People’s Bank of China hopes the loans will boost market sentiment toward the heavily indebted property sector, which has lurched from crisis to […]

Reuters exclusively reported that the United States is looking to crack down on environmental criminals behind surging deforestation in the Brazilian Amazon, using penalties such as Magnitsky sanctions to tackle climate change more aggressively. The plan represents a major shift in Washington’s strategy to combat global warming, adding the bite of direct sanctions to its […]