Foxconn predicts more stable supply chain in the second half of 2022
Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, said on Tuesday that the second half of the year is heading “in a better direction” as Shanghai’s COVID-19 lockdown appears to be easing.
EXCLUSIVE Credit Suisse weighs options to strengthen capital – sources
Credit Suisse (CSGN.S) is in the early stages of weighing options to bolster its capital after a string of losses has eroded its financial buffers, two people with knowledge of the matter told Reuters.
Billionaire investor Peltz, with 1.5% stake, joins Unilever board
Billionaire activist Nelson Peltz will join the board of Unilever (ULVR.L), the consumer goods giant said on Tuesday, heaping pressure on the maker of Dove soap and Hellman’s mayonnaise as it reviews its strategy.
Russia widens Europe gas cuts as Gazprom halts Dutch trader’s supply
Russia widened its gas cuts to Europe on Tuesday with Gazprom (GAZP.MM) turning off supply to top Dutch trader GasTerra escalating the economic battle between Moscow and Brussels and pushing up European gas prices
U.S. FAA SpaceX final environmental decision set for as early as Tuesday
The Federal Aviation Administration (FAA) is set to complete an environmental review of the proposed SpaceX Starship spacecraft and Super Heavy rocket program in Boca Chica, Texas, as early as Tuesday.
Analysis: Russia prepares to seize western firms looking to leave
Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in the wake of Moscow’s invasion of Ukraine, raising the stakes for multinationals trying to exit.
Global firms warn of sluggish China demand due to lengthy COVID curbs
May 26 (Reuters) – Two months into harsh COVID-19 lockdowns that have choked global supply chains, China’s economy is staggering back to its feet, but businesses from retailers to chipmakers are warning of slow sales as consumers in the country slam the brakes on spending. Car sales in the world’s largest auto market have slowed […]
S&P, Dow futures edge higher ahead of GDP data; Nvidia slides
Futures tracking the Dow and S&P 500 rose on Thursday, ahead of data that will likely offer clues on how the U.S. economy fared amid persistently high inflation, while shares of Nvidia fell after the chipmaker’s dismal outlook.
S.Korean Naver’s robotics ambitions challenged by 5G on-the-ground realities
On weekdays, South Korean tech company Naver Corp’s (035420.KS) new headquarters near Seoul resembles a scene straight out of a science-fiction movie, with some 40 robots ambling across floors and delivering parcels and Starbucks coffee to humans.
Bank of England tells banks to take climate action now or face profit hit
Banks and insurers that fail to manage climate risks as a “first-order” issue could face a 10% to 15% hit to annual profits and higher capital requirements, the Bank of England (BoE) said on Tuesday.
