South Korea unveils prototype of KF-X fighter jet
SEOUL (Reuters) – South Korea on Friday unveiled the first prototype of the KF-X fighter jet it is developing with Indonesia, amid lingering uncertainty over the future of Jakarta’s role in the project. The next-generation aircraft being developed by Korea Aerospace Industries Ltd (KAI) is designed to be a cheaper, less-stealthy alternative to the U.S.-built […]
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 […]
Exclusive: Roughly 500 ballots challenged in Amazon’s landmark union election
(Reuters) – Roughly 500 ballots submitted in Amazon.com Inc’s landmark union election have been challenged in a contest that will determine whether an Alabama warehouse becomes the online retailer’s first organized workplace in the United States, people familiar with the matter said. With about half of roughly 3,200 ballots counted, the election is currently poised […]
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 […]
Apple to argue it faces competition in video game market in Epic lawsuit
(Reuters) – Apple Inc said it plans to argue that it faces abundant competition in the market for video game transactions to defend itself against antitrust allegations by “Fortnite” maker Epic Games, the iPhone maker said on Thursday. Epic sued Apple last year in federal court in California, alleging the 15% to 30% commissions that […]
Asia shares loiter as S&P futures climb fresh peak
SYDNEY (Reuters) – Asian share markets lagged on Thursday as U.S. stock futures nudged to another record high after the Federal Reserve underlined its commitment to keeping policy super loose even as the economy enjoys a rapid recovery. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, and also little changed on the week. […]
Analysis: High stakes at sea in global rush for wind power
LONDON(Reuters) – Global competition for offshore wind power is so hot that licence auctions now resemble the oil and gas competitions of just a few years ago, and some of the names are familiar too as global oil majors move aggressively into renewable energy. The drive among top fossil fuel producers to make fast inroads […]
European countries may have to mix COVID-19 shots amid AstraZeneca crisis
PARIS (Reuters) – Several European countries are considering mixing up COVID-19 vaccines for citizens who received a first dose of AstraZeneca’s shot, an unprecedented move that highlights challenges for governments struggling to tame fresh rises in infections. Vaccination programmes have been upset after a small number of reports that recipients of the AstraZeneca inoculation have […]
Wall Street set for slightly lower open ahead of Fed minutes
(Reuters) – Wall Street’s main indexes were set to dip at open on Wednesday as investors cautiously awaited minutes from the Federal Reserve’s last meeting that could offer clues on the central bank’s views on inflation and an economic recovery. Massive fiscal stimulus and swift vaccinations prompted several Fed officials at the meeting last month […]
CEO Mary Barra bets GM can grow beyond cars and trucks
(Reuters) – Pam Fletcher wants to change the way General Motors Co makes money. The veteran GM engineer’s Global Innovation team is looking for new enterprises to expand the automaker’s sources of revenue well beyond vehicle sales and is incubating ventures from commercial delivery services to vehicle insurance, to address future markets worth an estimated […]
