Taiwan fines Foxconn for unauthorized investment in China
by TAIPEI, Dec 17 (Reuters) – Taiwan’s government said Saturday it would fine Foxconn (2317.TW), the world’s largest contract electronics maker, for an unauthorized investment in …
Tag: INDUSTRY
Exclusive: PepsiCo to launch 100 Tesla Semis in 2023, says Exec
NEW YORK/SAN FRANCISCO, Dec 16 (Reuters) – PepsiCo plans to introduce 100 heavy-duty Tesla Semis in 2023, when it will begin using the electric trucks …
As China tries to live with the virus, the COVID control industry faces decline
BEIJING, Dec 16 (Reuters) – Like most Chinese, Beijing-based Wang was happy and relieved to hear last week that China dropped almost all of its …
Musk is paying out another $3.6 billion in Tesla stock
The sale brings Musk’s total sales to nearly $40 billion Tesla stock marks its lowest closing price in two years Frustrated by Musk’s sale, investors …
In the muggy Bahamas courtroom, Bankman-Fried fights incarceration
NASSAU, Dec 13 (Reuters) – Cordoned streets, a hot courtroom and numerous delays marked Sam Bankman-Fried’s first personal public appearance since the collapse of his …
Businesses in China hit by the COVID wave are scrambling to maintain normal operations
BEIJING, Dec 13 (Reuters) – From e-commerce giant JD.com to cosmetics brand Sephora, companies in China are rushing to minimize the impact of rising COVID …
FTX founder Sam Bankman-Fried charged with fraud, denied bail
NASSAU, Bahamas/NEW YORK, December 13 (Reuters) – US prosecutors on Tuesday charged Sam Bankman-Fried, founder of cryptocurrency exchange FTX, with fraud and violating campaign finance …
Former FTX CEO Bankman-Fried was arrested in the Bahamas after the US brought charges
DEC 12 (Reuters) – (Editor’s note: This story contains language in paragraph 18 that some readers may find offensive) FTX founder Sam Bankman-Fried was arrested …
Microsoft acquires 4% of the shares in the London Stock Exchange
DEC 12 (Reuters) – Microsoft (MSFT.O) is acquiring a 4% stake in London Stock Exchange Group (LSEG.L) in a 10-year commercial deal to migrate the …
Exclusive: Air India nears historic order for up to 500 jets
PARIS/NEW DELHI, Dec 11 (Reuters) – Air India is on the verge of awarding landmark tens of billions of dollars in orders for up to …