Uncategorized

A Reuters investigation revealed how an array of foreign submarine-technology vendors, with the approval of their governments, are aiding a secretive program to build subs in Taiwan. Taipei has stealthily sourced technology, components and talent from at least seven nations including the U.S., Britain, Australia, South Korea, India, Spain and Canada to help it build an underwater […]

Reuters exclusively reported that Royal Dutch Shell is considering a return to Libya with a plan to develop new oil and gas fields and infrastructure, as well as a solar project, a decade after exiting the North African country because of unrest. The plan, details of which were seen by Reuters, marks a rare new oil and […]

Reuters reported exclusively that Greece plans to borrow 10 billion euros ($11.3 billion) to 12 billion euros in 2022 by issuing new short- and long-term debt and its first ever green bond. The country issued five-, 10-, and 30-year government bonds this year, raising a total of about 14 billion euros and benefiting from ultra-low interest rates […]

Reuters exclusively reported that Russia’s second biggest bank VTB won’t necessarily see 2022 net profit match this year’s expected record high as sharp rises in interest rates reduce margins. Chief Executive Andrey Kostin told Reuters that one-off factors, including the sale of VTB’s 17.3% stake in food retailer Magnit, would help drive profit growth this year. He also said […]

Chief executives of Deutsche Telekom, Vodafone and 11 other major European telecoms companies said U.S. tech giants should bear some of the costs of developing Europe’s telecoms networks because they use them so heavily. The call by the CEOs in a joint statement seen by Reuters comes as the telecoms industry faces massive investments for 5G, fiber and […]

Reuters broke the news that Visa Inc has complained to the U.S. government that India’s “informal and formal” promotion of domestic payments rival RuPay hurts the U.S. giant in a key market. In public, Visa has downplayed concerns about the rise of RuPay, which has been supported by public lobbying from Prime Minister Narendra Modi that has […]

Reuters broke the news that Lotus Technology, a new unit of China’s Geely set up to develop the technology to power Lotus sports cars, is planning to raise $400 million to $500 million before the end of this year. In an exclusive interview with Reuters, Lotus Technology’s Alexious Lee said the fundraising would give it a valuation […]

Reuters broke the news that Toshiba Corp’s second-largest shareholder had objected to the Japanese conglomerate’s plan to split itself into three companies and called on it to instead solicit offers from potential buyers. Hedge fund 3D Investment Partners, which owns more than 7% of Toshiba, laid out its objections in a three-page letter to the company’s board, […]

Reuters revealed that a FIFA proposal for a World Cup every two years and changes to the Club World Cup could cost the big domestic soccer leagues and UEFA around 8 billion euros ($9 billion) per season in lost TV rights and match day and commercial agreements, according to a report commissioned by the leagues. Gianni Infantino, […]

Reuters was first to report that Uber’s delivery and takeout unit has partnered with cannabis retailer Tokyo Smoke to allow online cannabis orders through Uber Eats in Ontario, Canada, marking the ride-hailing company’s foray into the business. More than three years into Canada’s legalization of recreational cannabis, the country is trying to fix its ailing pot market, […]