By Daniel Leussink and Sarah Wu BEIJING (Reuters) -Global automakers including Volkswagen and Toyota came to this year’s Beijing auto show looking to catch up to surging China EV makers that are dominating the world’s largest auto market. The show that started this week showcased a marked shift in attitude among some foreign automakers, industry […]
BOGOTA (Reuters) -U.S. car maker General Motors will close its manufacturing operations in Colombia and Ecuador, the company said in a statement on Friday, as part of its shift towards producing next-generation vehicles. Manufacturing will cease at company’s Colmotores plant in Colombia from Friday, it said, while operations will halt at its factory in Ecuador […]
By Jonathan Stempel (Reuters) – A real estate brokerage owned by Warren Buffett’s Berkshire Hathaway said on Friday it reached a $250 million settlement of nationwide antitrust litigation that is expected to change how real estate agents are paid. HomeServices of America, the largest U.S. real estate brokerage, was the last remaining defendant in a […]
BEIJING (Reuters) – U.S. Secretary of State Antony Blinken met his Chinese counterpart Wang Yi and Chinese leader Xi Jinping in Beijing on Friday in the latest high-level contacts between the superpowers aimed at keeping tense relations under control. The visit brought little progress on contentious issues, including China’s support for Russia in Ukraine, tensions […]
By Daniel Wiessner (Reuters) -The administration of U.S. President Joe Biden on Tuesday unveiled a rule extending mandatory overtime pay to an estimated 4 million salaried workers, going even further than an Obama-era rule that was struck down in court. The U.S. Department of Labor rule will require employers to pay overtime premiums to workers […]
(Reuters) -The Commodity Futures Trading Commission (CFTC) has reached out to a number of banks, including JPMorgan Chase, Bank of America and Citigroup to see if they have been preventing would-be whistleblowers from speaking out, Bloomberg News reported on Wednesday. CFTC is asking banks for non-disclosure agreements in their swaps and clearing businesses, and has […]
By Humeyra Pamuk WASHINGTON (Reuters) -Israel has taken significant steps in recent weeks on allowing aid into Gaza, the U.S. special envoy for humanitarian issues said on Tuesday, but considerable work remained to be done as the risk of famine in the enclave is very high. David Satterfield declined to say whether Washington was satisfied […]
By Arsheeya Bajwa (Reuters) -International Business Machines is nearing a deal to buy cloud software provider HashiCorp, according to a person familiar with the matter. Hashicorp’s stock surged 24%, giving it a market value of $6.1 billion, after the Wall Street Journal first reported the talks. Under CEO Arvind Krishna, IBM has focused on acquisitions […]
By Foo Yun Chee and Elvira Pollina BRUSSELS/ROME (Reuters) – European Union antitrust regulators are asking rivals and customers whether proposed acquisition of Telecom Italia’s (TIM) fixed-line access network by U.S. investment firm KKR could hamper Italy’s wholesale market, people familiar with the matter said on Tuesday. Such regulatory worries could lead to a lengthy […]
By Valerie Volcovici (Reuters) -Countries are under pressure to make progress on a first-ever global plastics treaty this week, but they face tense negotiations in the Canadian capital with parties deeply divided over what the treaty should include as talks begin on Tuesday. If governments can agree on a legally binding treaty that addresses not […]
