EU ready to help restore democracy to Myanmar – high representative
The European Union is ready to offer its support to all parties to help restore democracy in Myanmar, the bloc’s high representative told ASEAN states on Friday. Southeast Asian leaders said after an emergency ASEAN summit last week that they had reached consensus with Myanmar’s junta on ending violence there. read more “The European Union stands […]
Is AstraZeneca PLC’s COVID-19 vaccine safe?
In response to reports that a woman died of an unusual blood clot after being vaccinated, Justin Trudeau said on Wednesday that AstraZeneca PLC’s COVID-19 vaccine is safe and that Canadians must have faith in it. According to reports, Francine Boyer, 54, would be the first Canadian to die as a result of the AstraZeneca vaccine. During an interview, her spouse stated that she received a shot on April 9 and died on April 23 in a hospital where she had been treated for fatigue and migraines. Trudeau, who received […]
Exxon retreated from oil trading in pandemic as rivals made fortunes
Exxon Mobil’s effort to build an energy trading business to compete with those of European oil majors unraveled quickly last year as the firm slashed the unit’s funding amid broader spending cuts, 10 people familiar with the matter told Reuters. The cuts left Exxon traders without the capital they needed to take full advantage of […]
COVID Nightmare: Hospitals running out of oxygen supply in India’s capital
On Thursday, India reached a dreadful landmark in the COVID-19 pandemic, registering 314,835 new cases on a daily basis, as the pandemic’s second wave and similar spikes elsewhere sparked new concerns about health services’ way to survive. Hospitals throughout northern and western India, including New Delhi, have issued alerts that COVID-19 patients will only have […]
Bain Capital considering bid to take Toshiba private -sources
Bain Capital is looking at formulating a bid to acquire Toshiba Corp (6502.T), two people familiar with the matter said, making it one of several firms said to be interested in taking the Japanese conglomerate private. The U.S. firm has entered into discussions with Japanese banks including the core units of Mizuho Financial Group Inc (8411.T) and Sumitomo […]
A tale of two carmakers: GM and Toyota take different electric roads in China
Toyota (7203.T) pioneered the world’s most successful hybrid car but when it comes to pure electric vehicles it has some catching up to do, especially in China.
Children swap classrooms for beach lessons in Spain
LOS NIETOS, Spain (Reuters) – Does having school at the beach sound like a dream? After a year of remote learning and socially distanced classrooms, one school in the Spanish region of Murcia is doing just that, trying to combine clear air and a new way of teaching.
Exclusive: China’s Didi picks Goldman, Morgan Stanley for mega U.S. IPO – sources
HONG KONG (Reuters) – China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its blockbuster IPO and plans to file confidentially for the New York float this month, two people with knowledge of the matter said. Didi, backed by Asian technology investment giants SoftBank, Alibaba and Tencent, is looking […]
Toshiba chairman issues cautious statement on CVC’s take-private offer
TOKYO (Reuters) -The chairman of Toshiba Corp’s board on Friday issued a statement on CVC Capital Partners’ recent offer to take the company private, saying it was unsolicited and that a deal would require various antitrust approvals and financing. “This initial proposal by CVC was completely unsolicited and not initiated by Toshiba,” board chairman Osamu […]
Prosus nets $14.6 billion from sale of Tencent stake
AMSTERDAM (Reuters) – Amsterdam-based technology investor Prosus NV has netted $14.6 billion from the sale of a 2% stake in Tencent Holdings Ltd, the Chinese gaming and social media giant said, in one of the world’s largest ever block trades. “Our belief in Tencent and its management team is steadfast, but we also need to […]
