Reuters US Business

By Luciana Novaes Magalhaes (Reuters) – Elon Musk-controlled satellite internet provider Starlink has told Brazil’s telecom regulator Anatel it will not comply with a court order to block social media platform X in the country until its local accounts are unfrozen. Anatel confirmed the information to Reuters on Monday after its head Carlos Baigorri told …

Starlink tells Brazil regulator it will not comply with X suspension Read More »

By Doyinsola Oladipo NEW YORK (Reuters) – A record $1 out of every $10 spent globally in 2024 will be on travel as people briskly book hotels, cruises and flights, according to an annual report by the World Travel and Tourism Council, a non-profit membership organization. The travel and tourism industry’s contribution to global gross …

Travel industry to contribute record $11 trillion to global GDP in 2024 Read More »

By Lucy Craymer and Wayne Cole WELLINGTON (Reuters) – Lags in New Zealand’s official economic data are creating a fog for policy makers that recently forced them to veer off course and cut interest rates a whole year earlier than projected, badly wrong footing financial markets. Years of tight funding by successive governments have left …

Analysis-New Zealand’s data fog leaves its central bank flying blind Read More »

QUITO (Reuters) – General Motors’ factory in Ecuador will shutter production on Friday amid pressure from local competitors, but will still sell vehicles in the Andean country. The Cadillac and Chevrolet maker said in April it would close its production operations in Ecuador and neighboring Colombia. General Motors’ OBB plant in Quito accounts for 51% …

General Motors Ecuador factory closes doors for good Read More »

BRASILIA (Reuters) -Brazil’s Finance Ministry will submit proposals to Congress this year to tax big tech companies and implement a global minimum tax of 15% on multinational corporations to secure the 2025 fiscal goal if there is a revenue shortfall. Speaking at a press conference, the ministry’s executive secretary, Dario Durigan, said the plan aligns …

Brazil’s government considers taxing big techs if revenue falls short Read More »

LONDON (Reuters) – Private equity giant Blackstone has agreed to buy an 80% stake in a European warehouse portfolio run by landlord Burstone, the latest push by the U.S. investment manager into warehouses that have boomed alongside the rise of e-commerce. The Johannesburg-listed company – formerly Investec’s property fund – has agreed to sell the …

Blackstone buys stake in $1.2 billion European logistics fund Read More »

By Kane Wu and Gnaneshwar Rajan (Reuters) -A consortium led by Blackstone is nearing a deal to acquire Australian data centre group AirTrunk for A$20 billion ($13.53 billion) including debt, a person with knowledge of the situation said on Monday. Blackstone and its partner, the Canada Pension Plan Investment Board (CPPIB), emerged as the preferred …

Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, source says Read More »

(Reuters) – Ford will recall 90,736 vehicles as engine intake valves in the vehicles may break while driving, the National Highway Traffic Safety Administration (NHTSA) said on Saturday. The recall impacts certain 2021-2022 Bronco, F-150, Edge, Explorer, Lincoln Nautilus, and Lincoln Aviator vehicles equipped with either a 2.7L or 3.0L Nano EcoBoost engine, the NHTSA …

Ford to recall 90,736 vehicles over engine valve issue, US regulators say Read More »