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Shares in Nasdaq-listed Grab Holdings fell 5% yesterday after Reuters exclusively reported that two top executives at the Southeast Asian ride-hailing and delivery firm’s fintech business have quit, adding to other senior departures in recent months at the loss-making group. Both the executives worked at the Grab Financial Group’s GrabFin unit, which is streamlining its […]

Reuters revealed that Malaysia’s four largest telecommunications firms are seeking a majority stake in a state 5G agency, countering a proposal by the government to offer them minority ownership. The four dominant providers – Celcom Axiata, DiGi Telecommunications, Maxis and U Mobile – also want a review of the pricing model and network access plan offered […]

Reuters shed light on how Indians are cranking up air conditioning as they still work from home, while lights come back on in offices and factories with an end to COVID curbs, upending power demand patterns amid a heatwave and the country’s worst blackouts in years. India has traditionally seen peak demand late in the […]

Reuters exclusively revealed TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming. Featuring games on its platform would boost advertising revenue as well as the amount of time users spend on the app – one of the world’s most […]

Reuters exclusively reported that Volkswagen is expected to win unconditional EU antitrust approval for its 2.9-bln-euro bid for French rental car company Europcar, an acquisition that will boost its presence in fast-growing mobility services, which are seen as the next money spinner for carmakers. Volkswagen teamed up with asset manager Attestor Limited and Dutch mobility […]

Reuters exclusively revealed that Nestle is flying baby formula supplies to the United States from the Netherlands and Switzerland to help alleviate the shortage in U.S. supermarkets. Nestle is moving Gerber baby food formula from the Netherlands and Alfamino baby formula from Switzerland to the U.S., the company said in an emailed statement to Reuters. […]

Reuters reported exclusively that Perrigo Company, which makes store-brand baby formulas for retailers, including Walmart and Amazon, expects shortages and heightened demand to last for the balance of the year. Chief Executive Murray Kessler told Reuters that Perrigo’s formula manufacturing facilities in Ohio and Vermont are doing everything they can to increase production, now running […]

Reuters revealed a top European official has backed a multi-trillion-euro “Marshall”-style plan to rebuild Ukraine, pledging the firepower of the EU’s lending arm for what he said must be a global rescue effort. Werner Hoyer, president of the European Investment Bank, said Europe must not be left alone to foot the vast bill from Russia’s […]

Reuters exclusively reported how, from the Maldives to Venezuela, Iran gets oil to an ally despite U.S. sanctions. The widening energy cooperation, which includes ship-to-ship transfers at remote spots in the Indian Ocean, is helping cash-strapped Venezuela obtain supplies to convert its extra heavy oil and boost exports.  The post Reuters reveals from the Maldives […]

Reuters revealed that Germany and Qatar have hit difficulties in talks over long-term liquefied natural gas (LNG) supply deals amid differences over key conditions, including the duration of any contract. Germany, which aims to cut its carbon emissions by 88% by 2040, is reluctant to commit to Qatar’s conditions to sign deals of at least 20 years […]