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May 24, 2022

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Samsung to invest $356 billion over five years in strategic sectors

Reuters
SEOUL, May 24 (Reuters) – Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics (005930.KS) said. South Korea’s top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive......

Siemens Energy sees ‘need for action’ in turbine unit takeover plan

Reuters
MADRID, May 23 (Reuters) – Siemens Energy (ENR1n.DE) does not yet see signs of a recovery at wind turbine maker Siemens Gamesa (SGREN.MC), its chief executive said on Monday after launching a bid for minority holdings in the struggling unit. Siemens Energy announced the bid on Saturday after facing pressure......

Hyundai Motor Group to invest $5 billion in U.S. through 2025

Reuters
SEOUL, May 22 (Reuters) – Hyundai Motor Group said on Sunday it plans to invest an additional $5 billion in the United States through 2025 to strengthen its collaboration with U.S. firms in diverse technologies, such as robotics, urban air mobility, autonomous driving and artificial intelligence. Hyundai Motor Group, which......

Russia says 963 Americans are banned from entering, adds 26 new Canadians

Reuters
U.S. President Joe Biden speaks as U.S. Secretary of State Antony Blinken listens during a Cabinet meeting at the White House in Washington, U.S., July 20, 2021. REUTERS/Jonathan Ernst Register now for FREE unlimited access to Reuters.com Register LONDON, May 21 (Reuters) – Russia said on Saturday it had so......

Wall Street ends mixed, Tesla falls

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Ross Stores plunges after cutting 2022 forecast May 20 (Reuters) – Wall Street ended mixed on......

Computer chip giant ASML places big bets on a tiny future

Reuters
VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on......

Deere’s supply chain issues hit revenue, shares plunge

Reuters
Equipment for sale is seen at a John Deere dealer in Denver, Colorado, U.S. May 14, 2015. REUTERS/Rick Wilking/File Photo Register now for FREE unlimited access to Reuters.com Register May 20 (Reuters) – Deere & Co (DE.N) on Friday missed Wall Street revenue targets and said it was having difficulty......

Biden arrives in S.Korea with first stop at Samsung

Reuters
OSAN AIR BASE, South Korea, May 20 (Reuters) – President Joe Biden arrived in South Korea on Friday, the first stop on his first trip to Asia as president, where his attempts to counter China’s influence and build economic ties are likely to be overshadowed by North Korean threats. Biden......

IMF urges Asia to be mindful of spillover risks from tightening

Reuters
Global tide of tightening comes faster than expected -IMF Widening gap in interest rates behind yen weakness Echoes view on balance yen depreciation helps Japan TOKYO, May 20 (Reuters) – Asian economies must be mindful of spillover risks as a decade of unconventional easing policies by major central banks is......

EXCLUSIVE U.S. aims to arm Ukraine with advanced anti-ship missiles to fight Russian blockade

Reuters
The U.S. Navy Arleigh-Burke-class guided missile destroyer USS Curtis Wilbur launches a Harpoon surface-to-surface missile during Pacific Vanguard (PACVAN) quadrilateral exercises between Australia, Japan, Republic of Korea, and U.S. Naval forces in the Philippine Sea May 26, 2019. Picture taken May 26, 2019. U.S. Navy/Mass Communications Specialist 1st Class Toni......

Russia uses new laser weapons in Ukraine, Zelenskiy mocks ‘wonder weapon’

Reuters
Russia dips into its secret laser arsenal Zelenskiy mockingly compares laser use to Nazis’ wonder weapons Satellites 1,500 km away can be blinded LONDON, May 18 (Reuters) – Russia on Wednesday said it was using a new generation of powerful lasers in Ukraine to burn up drones, deploying some of......

Exclusive: China in talks with automakers on EV subsidy extension

Reuters
SHANGHAI, May 18 (Reuters) – China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said. The move by policymakers comes......

Myanmar resistance urges West to provide arms for fight against junta

Reuters
Members of the People’s Defence Forces (PDF) who became guerrilla fighters after being protesters are seen on the front line in Kawkareik, Myanmar December 31, 2021. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register May 17 (Reuters) – The defence chief of Myanmar’s shadow government has called for......

Britishvolt, Scorpio Group to research maritime EV batteries, storage

Reuters
A view shows stacked shipping containers at the port of Felixstowe, Britain, October 13, 2021. REUTERS/Hannah McKay Register now for FREE unlimited access to Reuters.com Register LONDON, May 18 (Reuters) – Britishvolt said on Wednesday that Monaco-based Scorpio Group had made a strategic investment in the electric vehicle (EV) battery......

Elon Musk’s SpaceX is poised to become the most valuable U.S. startup

Reuters
May 17 (Reuters) – Billionaire Elon Musk’s SpaceX is poised to become the most valuable U.S. startup as its valuation rose to over $125 billion in an ongoing share sale in the secondary market, sources familiar with the matter told Reuters. The shares, which are marketed at about $72, jumped......

Flight data from China Eastern jet points to intentional nosedive -WSJ

Reuters
WASHINGTON, May 17 (Reuters) – Flight data from a black box recovered from the China Eastern Airlines (600115.SS) jet that crashed in March indicates someone in the cockpit intentionally crashed the plane, the Wall Street Journal reported on Tuesday, citing people familiar with U.S. officials’ preliminary assessment. A Western official......

U.S. officials say Pentagon committed to understanding UFO origins

Reuters
A parking sign at the Little A’Le’Inn as an influx of tourists responding to a call to ‘storm’ Area 51, a secretive U.S. military base believed by UFO enthusiasts to hold government secrets about extra-terrestrials, is expected in Rachel, Nevada, U.S. September 19, 2019. REUTERS/Jim Urquhart/File Photo Register now for......

Ryanair cautious about ‘fragile’ recovery, berates Boeing

Reuters
Ryanair aircraft are seen at at dawn at Dublin airport Dublin, Ireland March 20, 2018. REUTERS/Clodagh Kilcoyne Register now for FREE unlimited access to Reuters.com Register Ryanair cuts FY loss to 355 million euros Low cost carrier says caution needed heading into winter O’Leary: Boeing management should step up or......

Mariupol steelworks defenders appear to signal end of siege

Reuters
KYIV, May 16 (Reuters) – The Ukrainian unit holed up beneath the Azovstal steelworks in Mariupol said on Monday its garrison was fulfilling orders to save the lives of troops, an apparent indication that the long siege there was coming to an end. The fighting at Azovstal in ruined Mariupol......

Renault sells Russia’s Avtovaz stake, but leaves room for return

Reuters
Renault sells Avtovaz stake reportedly for one rouble Leaves door open for return with six-year buyback option Moscow plant to resurrect Soviet-era Moskvich brand May 16 (Reuters) – Renault (RENA.PA) is to sell its majority stake in carmaker Avtovaz (AVAZI_p.MM) to a Russian science institute reportedly for just one rouble......

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