By Foo Yun Chee BRUSSELS (Reuters) – Amazon’s $1.4 billion acquisition of robot vacuum maker iRobot will be blocked by EU antitrust regulators, three people familiar with the matter said on Friday, as enforcers beef up scrutiny of Big Tech deals. The U.S. online retail giant defied a European Commission’s warning that the deal could …
Amazon’s iRobot deal faces EU antitrust veto, sources say Read More »
MEXICO CITY (Reuters) – The government of the United States has found evidence of “egregious” labor rights violations at call centers belonging to Atento in Mexico’s central Hidalgo state, labor and trade officials said in a statement on Friday. U.S. officials asked the Mexican government to conduct a review, according to the statement. Atento, a …
US finds ‘egregious’ labor rights denials at Atento centers in Mexico Read More »
(Reuters) -Struggling British music investor Hipgnosis Songs Fund said on Thursday it had called for an extraordinary shareholder meeting to vote on a special resolution that could help the company draw potential bidders. Hipgnosis’ board is proposing to amend the articles of the company to enshrine the payment of a fee of up to 20 …
Struggling Hipgnosis Songs Fund calls for extraordinary shareholder meeting Read More »
(Reuters) – A pair of scientists at Google’s artificial intelligence subsidiary DeepMind is in talks with investors to form an AI startup in Paris, Bloomberg News reported on Friday, citing people familiar with the conversations. Scientists Laurent Sifre and Karl Tuyls, who have already given notice to leave DeepMind, have held discussions with investors about …
Google DeepMind scientists in talks to leave and form AI startup – Bloomberg News Read More »
SAO PAULO (Reuters) – Stellantis said on Friday it is buying a 70% controlling stake in Brazilian automotive services firm DPaschoal, in the automaker’s latest move to expand its presence in Latin America. Stellantis did not provide details of how much it paid for the stake. The carmaker, which had focused on selling auto parts …
Stellantis buys Brazil’s DPaschoal in another components push in Latam Read More »
BRUSSELS (Reuters) -The European Commission is seeking feedback from rivals and customers on concessions Apple offered to settle EU antitrust charges and stave off a possible hefty fine, it said on Friday, confirming an earlier Reuters report. The bloc’s regulator had charged Apple with restricting access to its tap-and-go mobile payment systems, based on the …
EU Commission seeks feedback on Apple offer to open up tap-and-go tech to rivals Read More »
AVRIEUX, France (Reuters) – French engine maker Safran said on Friday it had begun wind-tunnel tests for its “RISE” technology project, a radical jet engine design for the next generation of medium-haul jets. Safran and its partner GE Aerospace are testing the building blocks for an open-bladed jet engine able to reduce fuel use and …
Safran tests radical jet engine design in historic wind tunnel Read More »
CARACAS/MADRID (Reuters) -Spanish fashion company Inditex plans to resume activities in Venezuela, reopening under a franchise agreement a Zara store in Caracas in the first half of 2024 after a three-year hiatus, the company said on Friday. In 2021, Inditex, which also owns Bershka, Pull & Bear and other brands, closed all of the group’s …
Fashion giant Inditex to resume operations in Venezuela Read More »
(Reuters) – Societe Generale is preparing to cut hundreds of jobs in its home market as part of Chief Executive Officer Slawomir Krupa’s effort to rein in costs, Bloomberg News reported on Friday. France’s third-biggest listed bank plans to announce the redundancies across its domestic operations in the coming weeks, the report said, citing people …
Societe Generale plans job cuts in France to trim costs- Bloomberg News Read More »
MILAN (Reuters) -Stellantis must avoid being drawn into a price war that would destroy profitability and might eventually make many automakers takeover targets, CEO Carlos Tavares said on Friday. Presenting the group’s new platform for large battery electric vehicles (BEV), Tavares said Stellantis, which is among the most profitable companies in the industry, was comparatively …
Stellantis will avoid brutal price cuts, CEO says Read More »
