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Category: Economy

Why a $1.5 trillion source of corporate financing is choking on higher rates
AsiaBusinessEconomyEuropeUS

Why a $1.5 trillion source of corporate financing is choking on higher rates

By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – A financial stream that helped fund the world’s riskiest companies and…

July 5, 2023July 5, 2023
U.S. Big Tech says it meets EU gatekeeper status, TikTok criticises label
AsiaBusinessEconomyEntertainment and LifestyleEuropePoliticsTechnologyUS

U.S. Big Tech says it meets EU gatekeeper status, TikTok criticises label

By Foo Yun Chee BRUSSELS (Reuters) -Seven companies including Amazon, Apple, Google, Facebook-owner Meta and Microsoft say they meet the…

July 5, 2023July 5, 2023
Binance market share takes regulatory hit, its US affiliate shrinks
BusinessEconomyTechnology

Binance market share takes regulatory hit, its US affiliate shrinks

By Medha Singh (Reuters) – The market share of Binance, the world’s largest cryptocurrency exchange, and its U.S. affiliate have…

July 5, 2023July 5, 2023
US new vehicle sales rise on strong demand, better supply
AsiaBusinessEconomyEuropeTop NewsUS

US new vehicle sales rise on strong demand, better supply

By Pratyush Thakur and Shivansh Tiwary (Reuters) -New vehicle sales in the United States for top global automakers rose in…

July 5, 2023July 5, 2023
Duke Energy to sell distributed generation portfolio in $364 million deal
BusinessEconomyUS

Duke Energy to sell distributed generation portfolio in $364 million deal

(Reuters) – Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity…

July 5, 2023July 5, 2023
Western businesses must find a way to work with China-Stellantis CEO
BusinessEconomy

Western businesses must find a way to work with China-Stellantis CEO

MILAN (Reuters) -The head of carmaker Stellantis said Beijing’s decision to restrict exports of two metals widely used in semiconductors…

July 5, 2023July 5, 2023
Apple loses London appeal in 4G patent dispute with Optis
BusinessEconomyEuropeTechnologyUKUS

Apple loses London appeal in 4G patent dispute with Optis

LONDON (Reuters) – Apple Inc infringed two telecommunications patents used in devices including iPhones and iPads, London’s Court of Appeal…

July 5, 2023July 5, 2023
Beijing jabs in US-China tech fight with chip material export curbs
AsiaBusinessEconomyEuropePoliticsTechnologyUS

Beijing jabs in US-China tech fight with chip material export curbs

By Amy Lv and Brenda Goh BEIJING/SHANGHAI (Reuters) -Companies caught out by China’s decision to restrict exports of two metals…

July 4, 2023July 4, 2023
Oil prices rise 2% as market weighs supply cuts against economic outlook
BusinessEconomyEuropeMiddle EastUKUS

Oil prices rise 2% as market weighs supply cuts against economic outlook

By Natalie Grover LONDON (Reuters) -Oil prices climbed 2% on Tuesday as markets weighed August supply cuts by top exporters…

July 4, 2023July 4, 2023
European shares steady, interest rate uncertainty remains
BusinessEconomyEuropeUK

European shares steady, interest rate uncertainty remains

By Amruta Khandekar and Shreyashi Sanyal (Reuters) -European shares were steady in thin trading on Tuesday, with a lack of…

July 4, 2023July 4, 2023

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