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(Reuters) -Walgreens Boots Alliance’s executive chair Stefano Pessina will almost double his stake in the U.S. pharmacy group to about 30% as part of its $10 billion takeover by private equity group Sycamore, the Financial Times reported on Tuesday. Pessina, Walgreens’ top shareholder with a roughly 17% stake in the company he helped forge through …

Walgreens Chair Pessina to boost stake after Sycamore seals takeover deal, FT reports Read More »

SHANGHAI (Reuters) – China’s BYD has unveiled a megawatt charging system that it says can charge an EV as quickly as filling up a fuel tank, and said it will build a network across China, igniting a new super charging race. Here are more details about the Chinese electric vehicle giant’s new technology and why …

Explainer-Why are Chinese automakers like BYD launching fast-charging EV systems? Read More »

By Christine Chen and Byron Kaye SYDNEY (Reuters) -A trade war sparked by U.S. President Donald Trump’s tariffs may drive up global inflation, stoke market volatility and slow economic growth, the CEOs of two top Australian banks said on Tuesday, but added Australia was insulated from the disruption. The heads of No. 1 retail lender …

Australian bank CEOs say Trump ‘tariff madness’ may drive up global inflation Read More »

By Mei Mei Chu and Tom Polansek BEIJING/CHICAGO (Reuters) -Beijing has renewed registrations that allow hundreds of U.S. pork and poultry facilities to export to China, industry groups said on Monday, after lapses threatened shipments to the world’s largest meat importer. Chinese customs website showed that registrations were renewed until 2030, but those for hundreds …

China renews export registrations for US pork, poultry plants in relief to farmers Read More »

By Wa Lone TORONTO (Reuters) – Toronto is no longer providing financial incentives for Tesla vehicles purchased as taxis or ride shares due to trade tensions with the United States, the city’s mayor, Olivia Chow, said on Monday. The city is promoting the adoption of electric vehicles purchased as vehicles for hire by giving drivers …

Toronto excludes Tesla from EV incentive due to US trade war Read More »

By Francesco Guarascio HANOI (Reuters) – The bank at the centre of Vietnam’s biggest financial fraud has received a central bank bailout amounting 5% of the nation’s 2024 economic output, which a local white knight hopes to repay in 15 years, documents seen by Reuters show. The nearly $26 billion pumped into Saigon Joint Stock …

Exclusive-Vietnam developer proposes 15-year rescue for bank at heart of giant fraud, documents show Read More »