SEOUL (Reuters) – South Korean prosecutors indicted Samsung Group leader Jay Y. Lee on charges of manipulating stock prices and breach of trust in order to cement control of the group, a prosecution official said on Tuesday. Considering the gravity of manipula... More »
BERLIN (Reuters) – Orders for German industrial goods rose by 10.4% in May, rebounding from their biggest drop since records began in 1991 the previous month, data showed on Monday, as demand picked up after lockdown measures to fight the coronavirus were lift... More »
LONDON (Reuters) – British industrial output recorded its biggest quarterly fall on record during the three months to June as COVID-19 heavily disrupted operations, and a further decline is likely in the months to come, a survey showed on Monday. The Confedera... More »
HSINCHU, Taiwan (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) could quickly fill any order gap should U.S. restrictions against Huawei Technologies Co Ltd [HWT.UL] prevent sales to the Chinese firm, the company’s chairman said on Tuesd... More »
SEOUL (Reuters) – A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and stock manipulation. The ruling provided temporary relief for the vice chairman of Samsung... More »
HSINCHU, Taiwan (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) is still in talks with the U.S. government about subsidies for its new plant in Arizona, chairman Mark Liu said on Tuesday. “We hope federal and state governments could make... More »
LONDON (Reuters) – A new version of a breathing aid that can help coronavirus patients has been developed in less a week by a team involving Mercedes Formula One, and is being trialed at London hospitals. Continuous Positive Airway Pressure (CPAP) devices have... More »
SEOUL (Reuters) – Samsung Electronics (005930.KS) and LG Innotek (011070.KS) have shut their factories in South Korea after a worker tested positive for the coronavirus, the companies said on Sunday. Samsung’s mobile device factory in Gumi, close to Daegu, whe... More »
BERLIN (Reuters) – Germany’s exports rose unexpectedly in October, a morale boost for Europe’s largest economy, which has been teetering on the brink of recession over recent quarters. The 1.2% rise in exports raises hopes that the economy can avoid contractin... More »
BERLIN (Reuters) – German industrial orders fell more than expected in August on weaker domestic demand, data showed on Monday, adding to signs that a manufacturing slump is pushing Europe’s largest economy into recession. Contracts for ‘Made in Germany’ goods... More »
TOKYO (Reuters) – Japanese companies raised spending on plant and equipment in April-June for the 11th straight quarter, underscoring the resilience of capital expenditure despite the Sino-U.S. trade war and slowing global growth. Firms raised capital spending... More »
(This June 28 story corrects Romaco’s nationality to German, not Italian, in paragraph 17) By Silvia Aloisi CITTÀ DI CASTELLO, Italy (Reuters) – Amazon’s new recruit comes from a medieval walled town in central Italy and can box and seal at least 600 items of ... More »
BEIJING/SEOUL (Reuters) – China has scrapped its list of recommended battery suppliers, the industry ministry said on Monday, a decision foreign companies said could open up the world’s biggest market for electric vehicle batteries. China, the world’s largest ... More »
HONG KONG (Reuters) – A train collision disrupted services in Hong Kong on Monday, threatening commuter chaos during rush hour in the heart of the Asian financial hub, authorities said. The rare disruption on a network used by nearly 6 million people every wee... More »
(Reuters) – British engine maker Rolls-Royce Holdings Plc said on Sunday it had scaled back efforts to join a Turkish program to build a new fighter jet with Turkey’s Kale Group. Talks between Kale and Rolls-Royce ran into problems last year because of a dispu... More »
(Reuters) – Elon Musk-led SpaceX Corp is raising $507 million in a new round of funding, valuing the company at around $26 billion, according to a filing seen by Reuters. New articles of incorporation filed by the company last week and sent to Reuters by priva... More »
A red Tesla Roadster is seen during preparations to use it as a mock payload for the launch of a SpaceX Falcon Heavy rocket, in Cape Canaveral, Florida, U.S. December 6, 2017. Flickr.com/photos/SpaceX via REUTERS. CAPE CANAVERAL, Fla. (Reuters) – A scarlet Tes... More »
China issued guidelines on Monday aimed at boosting private investment in manufacturing, including stepping up fiscal support and "innovative financing" for private firms to gear towards greener development and move up the value chain. More »
The Tesla Semi. Tesla/via REUTERS (Reuters) – Tesla Inc (TSLA.O) on Friday got high-profile orders from Wal-Mart Stores Inc (WMT.N) and fleet operator J.B. Hunt (JBHT.O) for its future electric truck, but would-be customers indicated they are giving the big ri... More »
General Electric Co's (GE.N) new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company's shares to a five-year low. More »
German industrial production jumped more than expected in August, posting its biggest monthly increase in more than six years, data showed on Monday, in a further sign that Europe's biggest economy is set for solid growth in the third quarter. More »
Smartphone component maker Fingerprint Cards (FINGb.ST) (FPC) warned revenue would be far below market estimates in the third quarter as the industry switches to cheaper user-recognition technology, sending its shares tumbling 22 percent. More »
German industrial production unexpectedly fell for the first time this year in June, data showed on Monday, though it increased in the second quarter overall. More »
People work at a construction site in Tokyo, September 9, 2015. REUTERS/Toru Hanai Japan’s core machinery orders fell more than expected in April, casting doubt on the strength of companies’ capital spending and adding to concerns about the country’s fragile e... More »
A Caterpillar corporate logo is pictured on a building in Peoria, Illinois, U.S. March 19, 2017. REUTERS/Carlo Allegri Caterpillar Inc (CAT.N) said on Friday it will shut its Aurora, Illinois, plant, costing about 800 employees their jobs as the world’s larges... More »
The corporate headquarters of Caterpillar Inc. the world’s largest manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines, based in Peoria, Illinois August 5, 2009. REUTERS/Jeff Haynes Federal law enforce... More »
A Caterpillar grader works at a development in Arvada, Colorado March 2, 2017. REUTERS/Rick Wilking After U.S. authorities raided Caterpillar Inc’s Peoria, Illinois, headquarters as part of a criminal investigation Thursday, the company stated the search was p... More »
Employees walk in the main office building of Samsung Electronics in Seoul, South Korea, in this file photo taken on January 6, 2016. REUTERS/Kim Hong-Ji Samsung Electronics Co Ltd’s display panel subsidiary has received a license to invest another $2.5 billio... More »
People carry bags outside a shopping mall on the last day of Christmas shopping in Berlin December 23, 2014. REUTERS/Hannibal Hanschke The German economy quadrupled its growth rate to 0.4 percent in the fourth quarter of 2016 as higher state spending, rising p... More »
Steven Spielberg (L), film director and chairman of Amblin Partners and Jack Ma, chairman and chief executive of Alibaba Group, attend an event to announce partnership between Alibaba Pictures Group Limited and Amblin Partners, in Beijing, China, October 9, 20... More »
NEW YORK U.S. business conditions are the strongest since the summer of 2014 as sentiment has recovered from a weak start to the year, signaling companies’ willingness to make capital expenditures, Morgan Stanley economists said on Friday. More investment in e... More »
BERLIN German industrial output inched up in October, data from the Economy Ministry showed on Monday, in a sign that this sector of Europe’s largest economy is recovering slightly at the start of the fourth quarter after a rough patch in the summer. While the... More »
WASHINGTON Scientists have created a battery whose technology in principle could power electric cars and other energy-hungry devices far better than current lithium-ion batteries, but it remains years away from commercial use. Researchers at the University of ... More »
SAN FRANCISCO Uber Technologies Inc [UBER.UL] has hired two top vehicle security researchers, the company said on Friday, high-profile additions that come as the ride-hailing service ramps up its work on technology for self-driving cars. Charlie Miller, who ha... More »
SAN FRANCISCO The security researcher who hacked into a moving Jeep earlier this year has resigned as an engineer at Twitter Inc (TWTR.N) after three years on the job, a person familiar with the matter said. Charlie Miller, a former National Security Agency ha... More »
WASHINGTON The cybersecurity issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles this month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety regulator said on Friday. Mark Rosekind, who heads the ... More »
A clothing designer area is pictured at TechShop in the South of Market neighborhood in San Francisco, California April 24, 2014. REUTERS/Robert Galbraith In the shadow of Internet monoliths such as Facebook, Google and Twitter, it’s easy to forget that Silico... More »
