Exclusive: Italy and Intel pick Veneto as preferred region for new chip plant

The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. REUTERS / Arnd Wiegmann / File Photo Register now for FREE unlimited access to Reuters.com Register Intel to build advanced packaging and assembly site in Italy Draghi’s successor … Read more

EXCLUSIVE China sends regulators to Hong Kong to assist US audit inspection-sources

A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS / Tingshu Wang Register now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 22 (Reuters) – Beijing has sent a team of regulatory officials to Hong Kong to assist … Read more

Europe burns cash to help businesses in energy crisis

Register now for FREE unlimited access to Reuters.com Register European gas prices have soared amid Ukraine crisis Utilities face liquidity crunch Germany will ‘do everything possible’ to help firms Russian mobilization triggers oil price jump BERLIN / LONDON, Sept 21 (Reuters) – Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain said it would … Read more

Cancer victims urge court to end J&J bankruptcy roadblock to lawsuits

Register now for FREE unlimited access to Reuters.com Register Sept 19 (Reuters) – People suing Johnson & Johnson over the company’s talc products urged an appeals court on Monday to revive their claims, saying the profitable company should not be allowed to use a bankrupt subsidiary to block lawsuits alleging the products cause cancer. They … Read more

Europe races to prepare for energy crunch this winter

Spain may shut energy-intensive industries at peak times France prepares to send gas to Germany in October Germany to sign LNG contracts in UAE Berlin still working on Uniper bailout BERLIN / LISBON, Sept 19 (Reuters) – Germany was pressing on Monday to secure liquefied natural gas contracts with Gulf producers and other European states … Read more

Shell picks gas veteran Sawan as CEO to lead transition

Register now for FREE unlimited access to Reuters.com Register Van Beurden will step down at end-2022, leave group next year Sawan is head of Shell’s integrated gas, renewables division Sawan was seen as a front-runner to replace van Beurden Sept 15 (Reuters) – Shell (SHEL.L) has turned to the head of its gas and renewables … Read more

Biden hops into Corvette, declares Detroit ‘back’ at EV-focused auto show

Register now for FREE unlimited access to Reuters.com Register DETROIT, Sept 14 (Reuters) – President Joe Biden took a victory lap on Wednesday at the Detroit auto show as he highlighted automakers’ electric-vehicle push, including billions of dollars in investments in battery plants, on the back of new government support. Self-declared “car guy” Biden climbed … Read more

Google loses challenge against EU antitrust decision, other probes loom

Register now for FREE unlimited access to Reuters.com Register LUXEMBOURG, Sept 14 (Reuters) – Google suffered one of its biggest setbacks on Wednesday when a top European court fined it 4.125 billion euros ($ 4.13 billion) for using its Android mobile operating system to thwart rivals, offering a precedent for other regulators to ratchet up … Read more

Starbucks projects profit growth from tech, stores, workers spending

Register now for FREE unlimited access to Reuters.com Register SEATTLE, Sept 13 (Reuters) – Starbucks Corp (SBUX.O) projects profits to grow between 15% to 20% per share over the next three years, a significant increase from previous guidance based on spending plans of $ 2.5 to $ 3 billion over the same period on technology, … Read more

Twitter whistleblower reveals employees concerned China agent could collect user data

Register now for FREE unlimited access to Reuters.com Register Sept 13 (Reuters) – Disclosures from a former Twitter Inc (TWTR.N) executive turned whistleblower show that Twitter was informed of at least one Chinese agent working at the social media company, US Senator Chuck Grassley said in his opening remarks during a Senate hearing on Tuesday … Read more