Chipmaker Broadcom in talks to buy VMware
Broadcom Inc (AVGO.O) is in talks to acquire cloud service provider VMware Inc (VMW.N) in a deal which could transform the chipmaker into a diversified tech firm, people familiar with the matter said.
Zurich Insurance to exit Russia by selling business to local team
Zurich Insurance (ZURN.S) has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest Western firm to exit Russia.
JPMorgan raises 2022 interest income outlook ahead of investor conference
JPMorgan Chase & Co (JPM.N) presented a more optimistic profit forecast on Monday as it opened an investor conference to relieve worries that the biggest U.S. bank by assets might be starting to lose its edge.
Bank of America raises hourly minimum wage to $22
Bank of America Corp (BAC.N) said it was raising its U.S. minimum hourly wage to $22 on Monday, a step closer to its promise of paying workers $25 an hour by 2025.
Tencent chief causes stir with repost of article on China’s economy
Pony Ma, the low-profile founder of tech giant Tencent Holdings, created a social media stir over the weekend by reposting an article on China’s economy, an unusual breaking of silence by a Chinese tech mogul on an increasingly sensitive topic.
China lockdowns, war risk derailing global jobs recovery -ILO
The global job market is at risk of doing a U-turn on its path towards recovering to pre-COVID-19 levels as lockdowns in China and the war in Ukraine weigh on economies, the International Labour Organization (ILO) said in a report on Monday.
Analysis: Fearing Russian cutoff, German industry braces for gas rations race
German big business is drafting a plan to use an auction system to help ration available supplies in the event Russia cuts off its gas, although some fear it could punish smaller firms.
Global markets in “unambiguous contrarian buy territory,” Bank of America says
The trillions wiped off global markets in recent weeks has triggered a contrarian ‘buy’ signal from BofA’s closely-followed ‘Bull & Bear’ sentiment indicator, while emerging markets are seeing their toughest time since the peak of the COVID crash.
Exclusive: China quietly increases purchases of low-priced Russian oil
China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters, filling the vacuum left by Western buyers backing away from business with Russia after its invasion of Ukraine in February.
Canada to ban Huawei/ZTE 5G equipment, joining Five Eyes allies
Canada on Thursday said it plans to ban the use of China’s Huawei Technologies Co Ltd (HWT.UL) and ZTE Corp (000063.SZ) 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharing network.
