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Reuters revealed that China’s Didi is in talks with state-backed Sinomach Automobile to buy a third of its electric-vehicle unit, signalling the ride-hailer’s regulatory troubles are in the rearview mirror as it focuses on growth. The deal, if completed, would accelerate Didi Global Inc’s strategic expansion in the world’s largest EV market and help cushion […]

Reuters exclusively reported that EIG is in early discussions with Repsol to buy a slice of the Spanish company’s oil and gas exploration and production business. The U.S. fund is seeking to purchase up to 25% of Repsol’s so-called upstream business, in a deal that would give the Spanish group cash for its plans to […]

Reuters exclusively revealed that Russia warned U.S. news organisations earlier this Monday they risked being stripped of their accreditation unless the treatment of Russian journalists in the U.S. improves. Since Russia invaded Ukraine on Feb. 24, some Russian state media have been prevented from operating in the United States and some other Western states by […]

Reuters exclusively revealed the European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce tough new rules aimed at reining in the powers of Big Tech. The landmark rules, agreed in March, will go into effect next year. They will bar companies from setting their own […]

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 Christine […]

Reuters exclusively reported BTRS Holdings Inc, the owner of business payments vendor Billtrust, is exploring options that include a potential sale. A sale to a private equity firm is one of the options being examined. Shares of BTRS Holdings Inc rose as much as 17% after Reuters reported the news The post Reuters reveals business […]

Reuters was the first to report that Credit Suisse is in the early stages of weighing options to bolster its capital after a string of losses has eroded its financial buffers. The size of the increase would be likely to exceed 1 billion Swiss francs, but this has not yet been determined. The cash injection would […]

Reuters exclusively reported that the Czech treasury is looking at adding a new euro-denominated bond this year and issuing treasury bills in euros for the first time, taking advantage of its debt being newly accepted as collateral in European Central Bank operations. Separate discussions are also under way on whether the country could boost its […]

Reuters exclusively reported that Ukraine’s destruction of Russian artillery systems and armoured vehicles with Turkish Bayraktar TB2 aerial drones has made “the whole world” a customer, according to its designer. Selcuk Bayraktar, who runs the Istanbul firm Baykar with his brother Haluk, said the drones had shown how technology was revolutionising modern warfare. At least […]

Reuters reported that China’s ‘zero-COVID’ policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has battered much of the country’s economy but has created bubbles of growth in the medical, technology and construction sectors. The Chinese government, alone among major countries in vowing to eradicate the coronavirus within […]