Category Archives:
ByteDance founder donates $77 million amid China billionaires’ charity rush
BEIJING (Reuters) - The founder of TikTok owner ByteDance will donate 500 million yuan ($77.35 million) to the southeastern Chinese city of Longyan for education, the city government's education burea...
Jun 22, 2021
DS Smith sees recovery after profit slump on initial pandemic impact
(Reuters) - British cardboard maker DS Smith reported on Tuesday a 38% slump in annual pre-tax profit, as the pandemic impacted its operations initially, but said online shopping boom during the rest ...
Jun 22, 2021
Britain working on allowing holidays for vaccinated Britons
LONDON (Reuters) - Britain is working on plans to open up travel for the fully vaccinated and restore other freedoms but they are not ready yet, Health Minister Matt Hancock said on Tuesday. "We're wo...
Jun 22, 2021
Daimler wants to produce its own battery cells – Business Insider
BERLIN (Reuters) - German carmaker Daimler AG wants to manufacture its own battery cells, Business Insider reported on Tuesday, citing company sources. Daimler struck a deal with Chinese battery suppl...
Jun 22, 2021
Aston Martin sues Swiss dealer over Valkyrie sports car
(Reuters) - Carmaker Aston Martin said on Tuesday it was suing Nebula Project AG and its board members, claiming that the Swiss car dealer had failed to pay some customer deposits for orders of its Va...
Jun 22, 2021
Explainer: Beijing doubles down on rooting out crypto in China
SHANGHAI (Reuters) - China's central bank said on Monday it had urged some banks and payment firms to crack down harder on cryptocurrency trading, in the latest move by Chinese authorities to stem the...
Jun 22, 2021
Analysis: EU industry hands Brussels headache over carbon border levy
By Kate Abnett BRUSSELS (Reuters) - Brussels policymakers, about to unveil the world's first carbon border levy, are caught between industry demands to twin it with free carbon permits worth billions ...
Jun 22, 2021
U.S. appeals court puts on hold overturning of California assault weapon ban
(Reuters) - A U.S. federal appeals court on Monday put on hold a judge's ruling this month to overturn California's 32-year-old ban on assault weapons. A three-judge panel in the U.S. 9th Circuit Cour...
Jun 22, 2021
UBS hires Morgan Stanley bankers to lead U.S. outsourced trading drive
ZURICH (Reuters) - UBS has hired two bankers from Morgan Stanley to help build its trading services for hedge funds and asset managers in the United Sates, according to a memo seen by Reuters and conf...
Jun 22, 2021
China’s regulators struggle to sway companies on currency risk
By Winni Zhou and Andrew Galbraith SHANGHAI (Reuters) - China's financial regulators are cajoling companies to protect themselves against currency risks as the central bank gradually loosens its reins...
Jun 22, 2021
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