Ford aims to be the world’s # 2 electric car manufacturer within two years – COO

An employee of Ford Motor Company goes to work following the company’s announcement to build future electric cars in Cologne, Germany, on February 17, 2021. Oliver Berg / Pool via REUTERS Sign up now for FREE unlimited access to Sign up December 3 (Reuters) – Ford Motor Co. (UN) expects to be the world’s … Read more

US, EU concerned over China’s ‘problematic and unilateral actions’ at sea

WASHINGTON, December 2 (Reuters) – The United States and the European Union on Thursday expressed great concern over China’s “problematic and unilateral actions” in the South China Sea and stressed the need for close contact to deal with “competition and systemic rivalry” with Beijing. The joint statement followed talks in Washington between US Deputy Secretary … Read more

Omicron may throw a wrench at companies’ plans to return to office

December 3 (Reuters) – Business executives have begun considering various permanent work models for their employees as the coronavirus pandemic and the spread of the Omicron variant destabilize their recent return to office. With Omicron so new, companies are struggling to understand how the variant can affect their operations and profits. Most have taken a … Read more

Reaction to Didi Global’s plans to delist from New York

December 3 (Reuters) – The following are reactions to ride-high giant Didi Global (DIDI.N)’s decision to delist from the New York Stock Exchange and pursue a listing in Hong Kong, after succumbing to pressure from Chinese regulators who are concerned about data security. Didi encountered Chinese authorities pushing ahead with its 4.4 billion US IPO … Read more

Global equities are faltering as Didi delisting revives US-China concerns

Passers-by wearing protective face masks walk past an electronic board showing the world stock index, in the midst of the coronavirus disease pandemic (COVID-19), in Tokyo, Japan November 1, 2021. REUTERS / Issei Kato Sign up now for FREE unlimited access to Sign up SYDNEY, Dec. 3 (Reuters) – Shares fell Friday after Chinese … Read more

US FTC sues to block Nvidia deal to buy Arm

SAN FRANCISCO / WASHINGTON, December 2 (Reuters) – The US Federal Trade Commission on Thursday sued to block the US chip company Nvidia Corp (NVDA.O) for more than $ 80 billion planned acquisition of the British chip technology provider Arm, which adds to the already significant global regulatory challenges of the agreement. The FTC said … Read more

The dollar is rising as Omicron’s fears subside

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, USA, July 19, 2021. REUTERS / Andrew Kelly Sign up now for FREE unlimited access to Sign up A tight US labor market points to a strong economy Dollars, government interest rates rise … Read more

NFT’s next hit may be the music industry, says former manager of Elton John, Beyonce

December 2 (Reuters) – As a former music manager who once counted Elton John, Beyonce and Guns N ‘Roses as customers, Merck Mercuriadi’s eye for talent and an ability to identify trends. As streaming services like Spotify and Apple Music gained mainstream popularity, Mercuriadis formed the Hipgnosis Songs Fund to acquire music rights. The fund, … Read more

Southeast Asia’s Grab setbacks in US debut after record Spac deal

Grab listed Thursday after $ 40 billion. agreement with Altimeter Debut marks the largest listing in the United States of a Southeast Asian company Early backers SoftBank, Didi set for payday bonanza The bell ceremony takes place in Singapore SINGAPORE, December 2 (Reuters) – Shares in Grab, Southeast Asia’s largest travel and delivery company, fell … Read more

Russia is deploying coastal missile system on the island chain near Japan

MOSCOW, Dec. 2 (Reuters) – Russia has deployed its Bastion coastal missile defense system to a remote part of the Kuril Pacific chain near Japan, Defense Ministry TV channel Zvezda said Thursday. Japan claims the Russian-controlled southern Kuril Islands, which Tokyo calls the Northern Territories, a territorial range dating back to the end of World … Read more