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January 28, 2022

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Samsung Elec sees tech device recovery in 2022, more supply chain challenges

Reuters
The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register SEOUL, Jan 27 (Reuters) – Samsung Electronics Co Ltd (005930.KS) on Thursday forecast a recovery in global tech device......

America Movil floats discussing Mexico pay TV entrance with U.S. officials

Reuters
The logo of America Movil is pictured on the wall of a reception area in the company’s corporate offices in Mexico City, Mexico, May 18, 2017. REUTERS/Edgard Garrido/File Photo Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Jan 25 (Reuters) – Mexico’s America Movil said on Tuesday......

Italy clears hurdle to buy export agency SACE in $4.8 bln deal

Reuters
ROME, Jan 25 (Reuters) – Italy approved a long-awaited decree needed for the Treasury to buy credit insurance agency SACE from state lender Cassa Depositi e Prestiti (CDP) in a deal expected to be worth around 4.25 billion euros ($4.81 billion), sources told Reuters. The Treasury wants to directly control......

Toshiba halts operations at chip plant after quake

Reuters
Jan 24 (Reuters) – Toshiba Corp (6502.T) said on Monday that it had suspended operations at a plant in Oita, southern Japan that makes semiconductors used in cars and industrial machinery, after a strong earthquake hit the area at the weekend. Some equipment had been damaged and the company was......

UK designates Omicron sub-lineage a variant under investigation

Reuters
LONDON/COPENHAGEN, Jan 21 (Reuters) – The UK Health Security Agency on Friday designated a sub-lineage of the dominant and highly transmissible Omicron coronavirus variant as a variant under investigation, saying it could have a growth advantage. BA.2, which does not have the specific mutation seen with Omicron that can help......

‘This is an end’: Serbia revokes Rio Tinto’s lithium project licences

Reuters
A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register BELGRADE, Jan 20 (Reuters) – Serbia revoked Rio Tinto’s (RIO.L) lithium exploration licences on Thursday, bowing to protesters who......

China cuts key rates, stepping up monetary stimulus effort to underpin economy

Reuters
A man checks phone at Lujiazui financial district in Pudong, Shanghai, China March 14, 2019. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Jan 20 (Reuters) – China stepped up its monetary easing efforts to prop up a slowing economy this week by lowering a set......

TikTok owner ByteDance cuts investment team amid China crackdown

Reuters
The ByteDance logo is seen in this illustration taken, Nov. 27, 2019. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register BEIJING, Jan 19 (Reuters) – TikTok owner ByteDance is shrinking its investment team and dissolving a sub-group focused on financial returns in response to regulatory crackdowns in......

Hungary’s opposition leader pauses campaign after positive COVID-19 test

Reuters
BUDAPEST, Jan 19 (Reuters) – The Hungarian opposition’s candidate for prime minister, Peter Marki-Zay, said on Wednesday that he was isolating at home after testing positive for coronavirus but that he hoped to quickly return to campaigning for a closely fought general election. Hungary is grappling with record new infections......

Brazil reports record daily COVID-19 infections as Omicron spreads

Reuters
A healthcare worker shows the syringe to a woman after applying a dose of Sinovac’s CoronaVac coronavirus disease (COVID-19) vaccine at Cacique de Ramos, one of the most traditional carnival blocks of Rio de Janeiro, Brazil April 8, 2021. REUTERS/Ricardo Moraes Register now for FREE unlimited access to Reuters.com Register......

Starbucks ties up with Meituan to bolster presence in crucial China market

Reuters
BEIJING, Jan 18 (Reuters) – Starbucks (SBUX.O), which has seen sales slow in China due to COVID-19’s fallout, is attempting to widen its reach in its second-biggest market globally by distributing its coffees through the country’s dominant food delivery firm, Meituan. The U.S. coffee chain said on Tuesday it has......

UK PM Johnson must address culture that led to lockdown parties – Conservative chairman

Reuters
Co-Chairman of British Conservative Party Oliver Dowden walks on Downing Street in London, Britain, December 17, 2021. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register LONDON, Jan 16 (Reuters) – The British Conservative Party chairman rejected calls for Prime Minister Boris Johnson to resign but said he......

Unilever eyes GSK’s consumer goods arm in possible 50 billion-pound deal

Reuters
Unilever confirms interest in GSK assets GSK consumer business would be “strong strategic fit” Sunday Times says 50 billion-pound bid rejected in late 2021 Unilever is under pressure from shareholders over stock price Jan 15 (Reuters) – Consumer goods giant Unilever (ULVR.L) said it had approached Glaxosmithkline (GSK.L) about buying......

Britain’s MI5 spy service warns lawmakers over Chinese agent of influence

Reuters
LONDON, Jan 13 (Reuters) – Britain’s domestic spy service MI5 has warned lawmakers that the Chinese Communist Party has been employing a woman to exert improper influence over members of parliament. MI5 sent out an alert and picture of the woman named Christine Lee on Thursday alleging she was “involved......

Tesco upgrades profit outlook on stronger than expected Christmas

Reuters
General view of a Tesco Extra store sign in Bletchley, in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers Register now for FREE unlimited access to Reuters.com Register LONDON, Jan 13 (Reuters) – Tesco (TSCO.L), Britain’s biggest retailer, on Thursday raised its profit outlook for the second time in four......

Italy likely to raise taxes on energy companies benefiting from price surge

Reuters
Profits from high prices should go to help less well-off Enel making ‘crazy margins’ – League’s Salvini Enel ‘definitely not making extra profits’ – spokesperson ROME, Jan 12 (Reuters) – Italy is likely to increase corporate taxes on energy companies that have benefited from surgingpower prices, the Italian industry minister......

Apple submits plans to allow alternative payment systems in S.Korea – regulator

Reuters
An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register SEOUL, Jan 11 (Reuters) – South Korea’s telecommunications regulator said on Tuesday Apple Inc......

China to launch market-making on STAR Market

Reuters
SHANGHAI, Jan 7 (Reuters) – China’s securities regulator said on Friday it will pilot market-making on Shanghai’s Nasdaq-style STAR Market in a bid to deepen reforms and improve liquidity. Qualified brokerages can apply to act as market-makers on STAR, in a pilot scheme that will be steadily expanded, the China......

Uber to end restaurant deliveries in Brazil

Reuters
SAO PAULO, Jan 6 (Reuters) – Uber (UBER.N) has decided to end its Uber Eats restaurant delivery service in Brazil starting on March 7, the company said in a statement without specifying a reason. Uber added that its Uber Eats Brazil operation will focus on deliveries by its online groceries......

German cartel office steps up examination of Google products

Reuters
German regulator tightens focus on Google Amazon, Apple, Meta cases also under consideration Google confident it’s in compliance BERLIN, Jan 5 (Reuters) – Germany’s cartel office said it was examining Google’s use of personal data and its Google News Showcase product under its new powers to regulate internet companies, and......

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