PARIS (Reuters) – The head of carmaker Stellantis, Carlos Tavares, expects the semiconductor supply chain to remain tight until the end of next year, he said in an interview published on Sunday in French newspaper Le Parisien. “The situation will remain very complicated until the end of 2023, then will ease a little,” said Tavares, …
Stellantis boss expects chip supply to remain ‘complicated’ until end 2023 Read More »
ZURICH (Reuters) – Resistance from shareholders and United States regulators torpedoed Swiss bank UBS’s $1.4 billion bid for U.S. digital wealth management group Wealthfront, Swiss paper SonntagsZeitung reported, citing bank sources it did not identify. UBS and Wealthfront said last month they had agreed to terminate the deal that was expected to fast-track UBS’s growth …
Shareholder, regulator pushback ended UBS-Wealthfront deal, SonntagsZeitung reports Read More »
By Valentina Za MILAN (Reuters) – French insurer Axa is considering investing at least 100 million euros ($97.99 million) in a new share sale by Monte dei Paschi di Siena (MPS) without any changes to its joint venture with the Tuscan bank, two people close to the matter said. State-owned MPS has held talks with …
Axa may invest at least $98 million in Monte dei Paschi Read More »
JERUSALEM (Reuters) – Online travel agency Booking.com has added safety labels to listings in the occupied West Bank, which Israel, having initially opposed the move, welcomed for not singling out Jewish settlements. The move was rebuked by Palestinian officials, who said the advisory should only be used for Israeli settlements. The company now posts an …
Booking.com adds safety advisory for West Bank properties Read More »
By Alexander Marrow MOSCOW (Reuters) -The multi-coloured toys piling up on the Russian shop shelves may look familiar. But the bright red and yellow Lego store logos have gone, replaced by Mir Kubikov, or World of Cubes. Russian retail group IRG has unveiled plans for 65 new shops across 20 cities, to replace ones it …
Russia’s replacement for Lego stores: World of Cubes Read More »
(Reuters) -TikTok is due to enter a partnership with Los Angeles-based TalkShopLive to launch its live shopping platform in North America by outsourcing its operation, the Financial Times reported on Saturday citing two people familiar with the operations. The companies are still finalizing the arrangements, the FT report said, adding that no contracts have been …
TikTok to partner with TalkShopLive for U.S. live shopping – FT Read More »
By David Shepardson WASHINGTON (Reuters) -United Airlines said on Friday it will suspend service in late October to New York’s John F. Kennedy Airport (JFK). Earlier this month, United had threatened to take the action if the Federal Aviation Administration (FAA) did not grant the air carrier additional flights. United has been flying just twice …
United Airlines to halt service at New York’s JFK airport in October Read More »
SOFIA (Reuters) – Greece and Bulgaria started commercial operation of a long-delayed gas pipeline on Saturday which will help decrease southeast Europe’s dependence on Russian gas and boost energy security. The 182-km pipeline will provide a relief to Bulgaria, which has been struggling to secure gas supplies at affordable prices since the end of April, …
Greece-Bulgaria pipeline starts operations to boost non-Russian gas flows Read More »
(Reuters) – Bankrupt crypto lender Celsius Network said on Friday it is not seeking to enforce payment obligations for outstanding loans during its Chapter 11 proceedings and that borrowers do not need to repay such loans. New Jersey-based Celsius said no interest or penalties will be assessed post loan maturity, in a filing at the …
Crypto lender Celsius not seeking payments for outstanding loans Read More »
By Jessica DiNapoli NEW YORK (Reuters) – Ben & Jerry’s says parent company Unilever Plc wrongly transferred brand names out of reach of its independent board more than 20 years ago in an updated lawsuit over its business in Israel filed on Friday in federal court. The Vermont ice cream maker says that Unilever “covertly” …
Ben & Jerry’s says parent co Unilever ‘covertly’ took trademarks Read More »
