Ford records $8.2 bln fourth-quarter gain from Rivian investment
Ford Motor Co (F.N) said on Tuesday its fourth-quarter results would include an $8.2 billion gain on its investment in Rivian Automotive Inc (RIVN.O), following the electric-vehicle maker’s blockbuster market debut in November.
Jewellery helps Richemont sales jump amid post-pandemic luxury revival
Strong demand for its jewellery and watches in the Americas and Europe in a post-pandemic rebound helped quarterly sales at Cartier owner Richemont rise by nearly a third, the world’s second-largest luxury group said on Wednesday.
Analysis: Sony faces deep-pocketed rivals in war over future of gaming
Sony Group (6758.T), perched atop the gaming sector, is facing a fresh challenge from cash-rich rivals betting on a next-generation online video game boom as the Japanese conglomerate eyes expansion on multiple fronts, including electric cars.
Explainer: Do 5G telecoms pose a threat to airline safety?
Major international airlines rushed to rejig or cancel flights to the United States ahead of a 5G wireless rollout on Wednesday that has triggered safety concerns, despite wireless carriers saying they will delay parts of the deployment.
Exclusive: China drafts rules to ease property developers’ cash crunch
China is drafting nationwide rules to make it easier for property developers to access funds from sales still held in escrow accounts in its latest move to ease a severe cash crunch in the sector, four people with knowledge of the matter said.
Stocks slide, treasury yields jump as inflation fears crescendo
Asian and European shares fell, U.S. and European bond yields hit multi-year highs, and oil prices climbed on Wednesday as investors braced for tighter monetary policy to combat troubling levels of inflation.
‘Sustainable’ firms raise record amount of equity in 2021
Companies in “sustainable” sectors including renewable energy raised a record amount of equity in 2021, Refinitiv Eikon data showed, boosted by surging demand for investments addressing social and environmental problems.
Polish commission told more phone-hacking victims likely
Poland is likely to have had more victims of phone hacking using spyware developed by Israel-based NSO Group, a researcher told a commission, after allegations that Polish special services used the technology against government opponents.
Exclusive: U.S. examining Alibaba’s cloud unit for national security risks
The Biden administration is reviewing e-commerce giant Alibaba’s cloud business to determine whether it poses a risk to U.S. national security, according to three people briefed on the matter, as the government ramps up scrutiny of Chinese technology companies’ dealings with U.S. firms.
Oil hits 7-year highs as tight supply bites
Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook
