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Reuters exclusively reported South Korea’s property market has abruptly gone from sizzling hot to floundering, piling pressure on some of the world’s most debt-saddled consumers as the sector experiences the fastest interest rate hikes on record. Prices of Seoul apartments last week reported their sharpest decline in 26 months, while transaction volumes in the capital […]

Reuters exclusively revealed France, Italy and Spain are stepping up pressure on the European Commission to come up with legislation that ensures Big Tech firms partly finance telecoms infrastructure in the bloc. This was the first time the three governments have expressed their joint position on the issue. The post Reuters reveals Big Tech should […]

Reuters exclusively reported wind turbine maker Siemens Gamesa is considering cutting around 2,500 jobs, or about 9% of its total, to recover from losses that have prompted its main shareholder to launch a takeover. The cuts would reduce a workforce of some 27,000 people.  The post Reuters reveals Siemens Gamesa weighs 2,500 job cuts appeared […]

Reuters was first to report that a Luxembourg bailiff has ordered banks to freeze assets held by Ecuador in Luxembourg accounts as a result of a dispute over a $391 million settlement award that Anglo-French oil company Perenco says remains unpaid. Ecuador’s government pledged in June 2021 to honor the debt, awarded to Perenco by […]

Reuters exclusively reported UnitedHealth Group Inc, the top U.S. healthcare company by market capitalization, is struggling to sell Brazilian unit Amil due to antitrust issues and growing losses from individual health plans. After studying ways to divest Amil 10 years after acquiring it, UnitedHealth decided last month to suspend the sale process, asking for anonymity […]

Reuters was first to report Airbus has revoked its entire outstanding order from Qatar Airways for A350 jets, severing all-new jetliner business with the Gulf carrier in a dramatic new twist to a dispute clouding 2022 World Cup preparations. The two aviation titans have been waging a rare public battle for months over the scarred […]

Reuters exclusively revealed Unity Software Inc, the U.S. developer best known for software used to design video games, is in talks to spin off its China unit to help it expand in the world’s biggest games market. San Francisco-based Unity has sought strategic investors to join it in a business valued at over $1 billion […]

Reuters exclusively reported dozens of former Republican and Democratic officials announced a new national political third party yesterday to appeal to millions of voters they say are dismayed with what they see as America’s dysfunctional two-party system.   The new party, called Forward, will initially be co-chaired by former Democratic presidential candidate Andrew Yang and […]

Reuters was first to report U.S. and Taliban officials have exchanged proposals for the release of billions of dollars from Afghan central bank reserves held abroad into a trust fund, offering a hint of progress in efforts to ease Afghanistan’s economic crisis. Significant differences between the sides remain, including the Taliban’s refusal to replace the […]

Reuters was first to report Ukraine aims to strike a deal for a $15-$20 billion programme with the International Monetary Fund before year-end to help shore up its war-torn economy. Battered by Russia’s invasion launched on Feb. 24, Ukraine faces a 35%-45% economic contraction in 2022 and a monthly fiscal shortfall of $5 billion, and is […]