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Reuters was first to report General Electric (GE) is laying off workers at its onshore wind unit as part of a plan to restructure and resize the business. The cuts are expected to affect 20% of the onshore wind unit’s workforce in the United States, equating to hundreds of workers. The company also notified employees in Latin […]

Reuters was first to report details of the new export curbs the Biden administration plans to impose on China’s burgeoning memory chip industry, part of a broader effort to hobble Beijing’s technological ambitions and military advances. The details included news that foreign memory chip makers with operations in China – South Korea’s SK Hynix and […]

Reuters exclusively reported that the U.S. Department of Energy has pulled government funding for a lithium project from Warren Buffett’s Berkshire Hathaway — which President Joe Biden called a “big part” of his plan for the U.S. to produce more of its own minerals for the electric vehicle revolution.   Reuters obtained internal emails and […]

Reuters was first to report the International Monetary Fund criticised Britain’s new economic strategy, following another slide in bond markets that forced the Bank of England to promise a “significant” response to stabilise the economy. The IMF warned the United Kingdom that “large and untargeted fiscal packages” were dangerously at odds with monetary policy, presaging […]

Reuters was first to report Deutsche Telekom, Orange, Telefonica and 13 other European telecoms providers today made their strongest push for Big Tech to share network costs, citing the energy crisis and European Union climate change goals. The call comes as the European Commission prepares to seek feedback from both sides before making a legislative […]

Reuters was first to report the Bank of England would not hesitate to change interest rates and was monitoring markets “very closely” after the pound plunged to a record low in response to the new government’s financial plans. The sterling fell about 1.5% against the U.S. dollar to $1.0671 from $1.082 before the Bank of […]

Reuters exclusively reported major developments in a process that saw the largest Latin American development bank, IDB, oust its president, Mauricio Claver-Carone, after an independent ethics probe found “direct evidence” that he had an intimate relationship with a subordinate and violated other bank rules. Reuters first broke news of the investigation in April this year and […]

Reuters was first to report Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions. The post Reuters reveals Southeast Asia’s Grab sees no big layoffs despite weak market appeared first on […]

Reuters took readers on a deep dive into how Russia’s decision to halt gas supplies via Europe’s key supply route in the wake of the Ukraine conflict has increased the chances of power shortages in Europe. Telecoms industry officials say they fear a severe winter will put Europe’s telecoms infrastructure to the test, forcing companies […]

Reuters exclusively reported the Taliban have signed a provisional deal with Russia to supply gasoline, diesel and wheat to Afghanistan, Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi told Reuters. Azizi said his ministry was working to diversify its trading partners and that Russia had offered the Taliban administration a discount to average global […]