LOS ANGELES (Reuters) – United Parcel Service and FedEx on Friday shot down social media calls that they step in to deliver mail-in ballots from the U.S. Postal Service, which is warning states of potentially “significant” delays. “State ballots must be postma... More »
NEW DELHI (Reuters) – India’s plan to regulate “non-personal” data has jolted U.S. tech giants Amazon, Facebook and Google, and a group representing them is preparing to push back against the proposals, according to sources and a letter seen by Reuters. A gove... More »
NEW YORK (Reuters) – Chipotle Mexican Grill Inc wants to hire another 10,000 employees in coming months as its sales rebound, an official said, one of several big restaurant chains looking to add staff in an economy otherwise dimmed by the coronavirus pandemic... More »
HONG KONG (Reuters) – Global wealth managers are examining whether their clients in Hong Kong have ties to the city’s pro-democracy movement, in an attempt to avoid getting caught in the crosshairs of China’s new national security law, according to six people ... More »
FRANKFURT (Reuters) – German regulators twice looked into tightening the supervision of collapsed payments firm Wirecard and discussed it with the German and European central banks but no action was taken, a person with direct knowledge of the talks told Reute... More »
PARIS (Reuters) – Finland’s Nokia Oyj (NOKIA.HE) plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the local workforce, the group said on Monday, confirming an earlier Reuters report. Nokia, which competes ... More »
MOSCOW (Reuters) – The Kremlin has asked some Russian companies to mount internal information campaigns to boost turnout in a nationwide vote on constitutional reforms that could allow President Vladimir Putin to keep power until 2036, documents seen by Reuter... More »
(Reuters) – The U.S. will amend its prohibitions on U.S. companies doing business with China’s Huawei to allow them to work together in standards settings for next generation 5G networks, according to people familiar with the matter. The U.S. Commerce Departme... More »
FRANKFURT/BERLIN (Reuters) – Germany will take a stake in unlisted biotech firm CureVac, which is working on a COVID-19 vaccine, Economy Minister Peter Altmaier said on Monday, confirming an earlier Reuters report. The Berlin government will acquire a 23% stak... More »
WASHINGTON (Reuters) – The Democratic National Committee’s council on climate change irked party leadership when it published policy recommendations this month that ventured beyond presidential candidate Joe Biden’s plan, according to three people familiar wit... More »
WASHINGTON (Reuters) – Two Democratic senators on Monday asked U.S. Defense Secretary Mike Esper what happened to $1 billion in aid for Afghanistan the Trump administration said it would cut nearly three months ago, according to a letter reviewed by Reuters. S... More »
LONDON/LOS ANGELES (Reuters) – Chanel, Revlon and L’Oreal, three of the biggest brands in cosmetics, are quietly moving away from using talc in some products as U.S. cancer lawsuits and consumer concerns mount. Luxury beauty company Chanel has removed talc fro... More »
(Reuters) – Hedge fund Starboard Value LP is close to having eight directors elected to the board of GCP Applied Technologies Inc (GCP.N) at the chemical company’s annual meeting, people familiar with the matter said on Wednesday. While not all votes have been... More »
SEOUL (Reuters) – South Korea plans to send 600,000 coronavirus testing kits to the United States on Tuesday in the first such shipment following a request from U.S. President Donald Trump, a Seoul official told Reuters on Monday. Trump made the request for te... More »
FRANKFURT (Reuters) – As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG and Commerzbank AG, will be able to weather the economic fallout of coronavirus wit... More »
(Reuters) – Private equity firm Silver Lake Partners is preparing to seek at least $16 billion from investors for its sixth flagship buyout fund, braving the economic uncertainty of the coronavirus outbreak, according to people familiar with the matter. Invest... More »
(Reuters) – Amazon.com Inc has been in contact with the CEOs of two coronavirus test makers as it considers how to screen its staff and reduce the risk of infection at its warehouses, according to internal meeting notes seen by Reuters. The chief executives of... More »
(Reuters) – Amazon.com Inc (AMZN.O) is postponing its major summer shopping event, Prime Day, until at least August and expects a potential $100 million hit from excess devices it might now sell at a discount, according to internal meeting notes seen by Reuter... More »
PARIS (Reuters) – Airbus is studying a sharp cut in output of its top-selling A320 plane series amid an industry-wide slowdown triggered by the coronavirus crisis, sources familiar with the matter said. Europe’s leading planemaker is examining scenarios includ... More »
PARIS (Reuters) – Sanofi SA will be able to provide millions of doses of hydroxychloroquine for patients with the illness caused by the novel coronavirus if the old malaria drug proves successful in clinical trials, its chief executive told Reuters on Thursday... More »
(Reuters) – Amazon.com Inc is offering higher pay to recruit its own warehouse employees to pick and pack Whole Foods groceries amid rising demand and a worker shortage, according to an internal document reviewed by Reuters. This move, known as labor sharing, ... More »
BRUSSELS/FRANKFURT (Reuters) – European Central Bank chief Christine Lagarde asked euro zone finance ministers during a videoconference on Tuesday evening to seriously consider a one-off joint debt issue of “coronabonds” to help fight the coronavirus pandemic,... More »
BEIJING (Reuters) – Chinese online education platform Yuanfudao, which is backed by tech giant Tencent Holdings (0700.HK), is close to completing a financing round that would value it at around $7.5 billion, two people familiar with the matter said. The talks ... More »
SANTIAGO (Reuters) – With residents and courts ringing the alarm about depleted water supplies in Chile’s Atacama salt flat, the world’s top lithium miner Albemarle (ALB.N) quietly filed a proposal in December for a network to monitor flows beneath the parched... More »
WASHINGTON (Reuters) – President Donald Trump will propose cutting billions of dollars in U.S. foreign aid in his fiscal 2021 budget while seeking an increase in funds to counter developing economic threats from China and Russia, senior administration official... More »
FRANKFURT/ZURICH (Reuters) – The Credit Suisse (CSGN.S) spying debacle risks tipping the bank into a crisis that could engulf its top executives. Switzerland’s market supervisor is scrutinizing Credit Suisse’s oversight of chief executive Tidjane Thiam and his... More »
PARIS/MUNICH (Reuters) – European industrial policy chief Thierry Breton dismissed claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China’s Hu... More »
WASHINGTON (Reuters) – The White House is expected to nominate Caroline Crenshaw, a Democratic attorney at the U.S. Securities and Exchange Commission, to fill an SEC seat being vacated next year by Democratic Commissioner Robert Jackson, according to three pe... More »
WASHINGTON (Reuters) – The U.S. auto safety agency said Friday it will investigate a 12th Tesla crash that may be tied to the vehicle’s advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in Connecticut on Saturday.... More »
LONDON/RIYADH (Reuters) – Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the world’s largest oil company, has been ... More »
BRUSSELS (Reuters) – EU antitrust regulators are investigating Google’s collection of data, the European Commission told Reuters on Saturday, suggesting the world’s most popular internet search engine remains in its sights despite record fines in recent years.... More »
WASHINGTON (Reuters) – The U.S. government may expand its power to stop more foreign shipments of products with U.S. technology to China’s Huawei, amid frustration the company’s blacklisting has failed to cut off supplies to the world’s largest telecoms equipm... More »
NEW YORK (Reuters) – Citadel’s commodities investments are up at least $1 billion for the year, according to three sources familiar with the matter, helping to drive strong overall performance at one of the world’s largest hedge funds. Citadel, which manages m... More »
SAN FRANCISCO (Reuters) – The international police organization Interpol plans to condemn the spread of strong encryption in a statement Monday saying it protects child sex predators, three people briefed on the matter told Reuters. At the group’s conference i... More »
NEW YORK/BEIJING/WASHINGTON (Reuters) – The U.S. government has launched a national security review of TikTok owner Beijing ByteDance Technology Co’s $1 billion acquisition of U.S. social media app Musical.ly, according to three people familiar with the matter... More »
SINGAPORE (Reuters) – Thailand’s Siam Cement Pcl’s (SCG) (SCC.BK) packaging subsidiary is planning a local listing, in a float that is set to raise about $1 billion, two sources with knowledge of the matter said. The IPO of SCG Packaging Pcl (SCG Packaging), w... More »
BRASILIA (Reuters) – Brazil is determined to lure airlines to operate domestic flights in Latin America’s largest aviation market, and is taking meetings with at least three carriers, a senior government official told Reuters. “We are going to talk with Jet Bl... More »
LONDON (Reuters) – Royal Dutch Shell (RDSa.L) still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said. But in an inte... More »
WASHINGTON (Reuters) – President Donald Trump’s personal attorney, Rudy Giuliani, was paid $500,000 for work he did for a company co-founded by the Ukrainian-American businessman arrested last week on campaign finance charges, Giuliani told Reuters on Monday. ... More »
(Reuters) – Wells Fargo & Co (WFC.N) is boosting its teams that process mortgage loans to prepare for higher mortgage volumes, changing course after it laid off about 1,000 employees here in the division in 2018, according to a memo viewed by Reuters. Many of ... More »
(Reuters) – Short-term home rental company Airbnb Inc is set to hire Morgan Stanley and Goldman Sachs Group Inc as joint lead advisers on its planned stock market flotation next year, people familiar with the matter said on Wednesday. The appointments would re... More »
LONDON (Reuters) – British-based digital banking app Revolut is set to hire around 3500 staff as it expands into 24 new markets thanks to a new global deal with payments giant Visa Inc, the two companies said on Monday. Revolut, one of a breed of new digital-o... More »
(Reuters) – Nasdaq Inc (NDAQ.O) is cracking down on initial public offerings (IPOs) of small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers. Nasdaq’s at... More »
BEIJING/HONG KONG (Reuters) – China’s ByteDance, owner of video-sharing app TikTok and one of the world’s most valuable unicorns, booked revenue of 50-60 billion yuan ($7 billion to $8.4 billion) in a better-than-expected result for the first half, people fami... More »
(Reuters) – Hedge fund D.E. Shaw & Co is building a stake in Emerson Electric Co (EMR.N) and is planning to push for changes, including a potential split-up of the U.S. industrial conglomerate, people familiar with the matter said on Friday. Emerson, which pur... More »
NEW YORK (Reuters) – The U.S. Department of Justice examined using fentanyl in lethal injections as it prepared last year to resume executing condemned prisoners, a then untested use of the powerful, addictive opioid that has helped fuel a national crisis of o... More »
FRANKFURT/BEIJING (Reuters) – China’s Great Wall Motor (601633.SS)(2333.HK) may consider building car manufacturing facilities in the European Union once its sales there hit 50,000 units a year, its chairman said, as part of a push to seek growth in overseas m... More »
JAKARTA (Reuters) – SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matte... More »
SAO PAULO/RIO DE JANEIRO (Reuters) – Brazil’s planned privatization of eight Petroleo Brasileiro SA (PETR4.SA) refineries has lured several of the world’s largest trading and oil companies as prospective bidders, two sources with knowledge of the matter said. ... More »
SINGAPORE/WASHINGTON (Reuters) – The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with t... More »
GUATEMALA CITY (Reuters) – The winner of Guatemala’s presidential election, Alejandro Giammattei, said on Sunday he hoped he could make changes to a controversial migration deal the Central American country signed with the Trump administration last month. Spea... More »
LOS ANGELES (Reuters) – Attorneys for real estate scion Robert Durst, charged in Los Angeles with murdering his confidante Susan Berman in 2000, have asked a judge to declare that prosecutors “consulted, coordinated and collaborated” with filmmakers behind an ... More »
TORONTO (Reuters) – The Canadian government announced final regulations on Friday that should cut billions of dollars from patented drug prices that are among the highest in the world, overcoming heavy opposition from pharmaceutical companies who may eventuall... More »
WASHINGTON (Reuters) – The U.S. may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior U.S. official, in a sign President Donald Trump’s recent effort to ease restrictions on the Chinese company coul... More »
(Reuters) – Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. SoftBank has come under increasing... More »
NAIROBI (Reuters) – Ethiopia will award two telecoms licenses to multinational mobile companies, a senior official said on Friday, in the first detailed announcement of the government’s plans for opening one of the world’s last major closed telecom markets. Th... More »
NEW DELHI (Reuters) – India’s health ministry has asked all state governments in the country not to partner with the Foundation for a Smoke-Free World (FSFW) because of its links to tobacco giant Philip Morris International Inc (PM.N), a letter seen by Reuters... More »
WASHINGTON (Reuters) – The United States is preparing to send additional troops to the Middle East in response to mounting concerns over Iran, which Washington blames for attacks on oil tankers last week, two U.S. officials told Reuters on Monday, speaking on ... More »
PARIS (Reuters) – Fiat Chrysler Automobiles NV and Renault SA are looking for ways to resuscitate their collapsed merger plan and secure the approval of the French carmaker’s alliance partner Nissan Motor Co Ltd , according to several sources close to the comp... More »
NEWPORT BEACH, Calif./NEW YORK (Reuters) – Some of the world’s biggest tech companies have told their employees to stop talking about technology and technical standards with counterparts at Huawei Technologies Co Ltd in response to the recent U.S. blacklisting... More »
WASHINGTON (Reuters) – The U.S. Transportation Department is expected to provide tentative approval to a bid by American Airlines Group Inc and Qantas Airways Ltd to operate a joint venture, two people briefed on the matter said on Sunday. The department is ex... More »
SEATTLE/ORLANDO, Fla. (Reuters) – Stratolaunch Systems Corporation, the space company founded by late billionaire and Microsoft Corp co-founder Paul Allen, is closing operations, cutting short ambitious plans to challenge traditional aerospace companies in a n... More »
ANAHEIM, Calif. (Reuters) – Walt Disney Co Chief Executive Bob Iger told Reuters on Wednesday it would be “very difficult” for the media company to keep filming in Georgia if a new abortion law takes effect because many people will not want to work in the U.S.... More »
SAO PAULO (Reuters) – U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according to a legal document seen by Reuters. E... More »
NEW YORK (Reuters) – Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter told Reuters on S... More »
(Corrects title in 17th paragraph of this May 17 story to say “Chief Financial Officer” Meng Wanzhou, not “Chief Executive Officer”.) By Karen Freifeld (Reuters) – The U.S. Commerce Department said on Friday it may soon scale back restrictions on Huawei Techno... More »
NEW YORK (Reuters) – The Trump administration made it easier for oil refineries to get waivers from the nation’s biofuel law at least four months before a 2017 court decision it often cites to justify the move to the corn lobby, and the move was motivated by a... More »
LONDON (Reuters) – Global automotive supplier Bosch expects platinum to play only a minor role in its new fuel cells, giving precious metal markets scant benefit even as the technology gains momentum for pollution-free transport. According to Reuters calculati... More »
(Reuters) – Cigarette maker Philip Morris International Inc has suspended a global social media marketing campaign in response to Reuters inquiries into the company’s use of young online personalities to sell its new “heated tobacco” device, including a 21-yea... More »
HONG KONG (Reuters) – Sequoia Capital China, widely viewed as a bellwether for Chinese tech investment, is set to lay off as much as 20 percent of investment staff as a slowdown in the country’s tech sector saps appetite for risk, said two people with knowledg... More »
WASHINGTON (Reuters) – The Trump administration is considering reversing long-standing policy to make it easier to deport U.S. legal permanent residents who have used public benefits, part of an effort to restrict immigration by low-income people. A Department... More »
SAO PAULO (Reuters) – U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge of the matter told Reuters. The fund launched in coming days will be Advent’s s... More »
WASHINGTON/BEIJING (Reuters) – U.S. negotiators have tempered demands that China curb industrial subsidies as a condition for a trade deal after strong resistance from Beijing, according to two sources briefed on discussions, marking a retreat on a core U.S. o... More »
NOVOVOLYNSK, Ukraine (Reuters) – Ukrainian police are investigating two companies and a factory over a coal deal which some anti-corruption campaigners say epitomizes the difficulties of doing business in the east European country. The sums involved in the dea... More »
ACAPULCO, Mexico (Reuters) – Various companies in Mexico, including Uber Technologies Inc., have shown interest in using a new mobile payments system developed by the country’s central bank that seeks to promote financial inclusion, the head of the bank said o... More »
NEW DELHI (Reuters) – India’s health ministry has called for Juul Labs Inc’s electronic cigarettes to be blocked from entering the country, a letter seen by Reuters showed, potentially dealing a blow to the U.S. company’s plans to tap the South Asian market. J... More »
WASHINGTON (Reuters) – President Donald Trump on Monday will ask the U.S. Congress for an additional $8.6 billion to help pay for his promised wall on the U.S-Mexico border to combat illegal immigration and drug trafficking, officials familiar with his 2020 bu... More »
MUMBAI (Reuters) – Indian traders will export raw sugar to Iran for March and April delivery, five trade sources said, the first Indian sugar sales to Tehran in at least five years as Iran struggles to secure food supplies under sanctions imposed by the United... More »
VLADIVOSTOK, Russia (Reuters) – A Russian tanker violated international trade sanctions by transferring fuel to a North Korean vessel at sea at least four times between October 2017 and May 2018, two crew members who witnessed the transfers said. Such transact... More »
SEATTLE (Reuters) – NASA has warned SpaceX and Boeing Co of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the U.S. bid to revive its human spaceflight program lat... More »
NEW DELHI (Reuters) – India could lose a vital U.S. trade concession, under which it enjoys zero tariffs on $5.6 billion of exports to the United States, amid a widening dispute over its trade and investment policies, people with close knowledge of the matter ... More »
(Reuters) – Computer maker Dell Technologies Inc is exploring a sale of SecureWorks Corp, a U.S. provider of cybersecurity services with a market value of close to $2 billion, people familiar with the matter said on Thursday. A sale of SecureWorks, in which De... More »
NEW YORK (Reuters) – CVS Health Corp, a top U.S. manager of pharmacy benefits, has added new migraine drugs from Teva Pharmaceutical Industries and Eli Lilly and Co to its list of covered drugs, excluding a rival treatment from Amgen Inc, a CVS spokeswoman tol... More »
(Reuters) – PG&E Corp shareholder BlueMountain Capital Management LLC said on Thursday it is preparing a challenge to the embattled utility owner’s board, arguing its plan to file for bankruptcy in the wake of catastrophic wildfires in California is harming in... More »
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) is nearing a settlement to resolve the U.S. Justice Department’s allegations that the Italian-American automaker used illegal software to allow 104,000 U.S. diesel vehicles to pollute beyond legal l... More »
LONDON/HONG KONG (Reuters) – The U.S. case against the chief financial officer of China’s Huawei Technologies, who was arrested in Canada last month, centers on the company’s suspected ties to two obscure companies. One is a telecom equipment seller that opera... More »
KABUL/PESHAWAR, Pakistan (Reuters) – As moves toward peace pick up in Afghanistan, the Taliban are trying to show they have changed since the brutal days of the 1990s when they banned music and girls’ education and carried out public executions in Kabul’s foot... More »
WASHINGTON (Reuters) – President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with th... More »
MUMBAI/DELHI (Reuters) – Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source famili... More »
THOOTHUKUDI, India (Reuters) – Twelve of the 13 protesters killed when police opened fire on a demonstration against Vedanta’s copper smelter in southern India in May were hit by bullets in the head or chest, and half of those were shot from behind, autopsy re... More »
LONDON (Reuters) – London-based fund firm City Financial and the chief investment officer of its Decca Fund, Shahraab Ahmad, have decided to wind down the credit-focused strategy after it “did not deliver the performance that you expect of us”, according to a ... More »
SINGAPORE (Reuters) – SoftBank Group Corp (9984.T) is nearing a deal to invest $1.5 billion in Grab, three times a previously expected $500 million, as Southeast Asia’s biggest ride-hailing firm looks to expand, a person with knowledge of the matter said. Six-... More »
AMSTERDAM – Two major Dutch hospitals say they will stop importing human body parts from American firms, which they have been doing without any regulation for a decade. The hospitals told Reuters in recent weeks they made their decisions on ethical grounds. Th... More »
(Reuters) – A union-backed bank employee rights group is complaining after Wells Fargo & Co declined to meet with members last week, according to a letter sent to Chief Executive Tim Sloan viewed exclusively by Reuters. Members of the group, Committee for Bett... More »
PARIS/JAKARTA (Reuters) – Indonesia’s Lion Air is reviewing airplane purchases from Boeing Co and has not ruled out canceling orders as relations worsen in a spat over responsibility for a 737 jetliner crash that killed 189 people in late October. Co-founder R... More »
PARIS (Reuters) – French President Emmanuel Macron will urge a visiting group of top Silicon Valley venture capitalists this week to invest in the nation’s start-ups while calling on them not to “steal” the best creations, four sources told Reuters. The discre... More »
BRUSSELS (Reuters) – EU finance ministers will agree on Monday to give the euro zone bailout fund new responsibilities, but they will delay decisions on the euro zone budget and a deposit guarantee scheme after failing to reach agreement, a draft document show... More »
JERUSALEM (Reuters) – Israeli pharmaceuticals company PainReform has received approval from the U.S. Food and Drug Administration (FDA) to begin late-stage clinical studies for a pain relief drug that is a departure from opiate-based narcotics, it said on Tues... More »
ZURICH (Reuters) – Credit Suisse has carved out a new role to lead its handling of sexual harassment claims and examine group-wide policies, as Switzerland’s second-biggest bank seeks to boost equal opportunities and create a fair treatment environment. The ap... More »
NEW YORK (Reuters) – The U.S. Supreme Court seat left open by the retirement of Justice Anthony Kennedy is a powerful motivator for voters, particularly Democrats, in this fall’s midterm election fight for control of Congress, according to a Reuters/Ipsos poll... More »
