Samsung Electronics’ Texas chip output returns to near-normal levels

(Reuters) -Samsung Electronics said on Tuesday that production at its U.S. chip plant at Austin, Texas had returned to near-normal levels as of last week. Samsung (KS:005930) and other chipmakers with production facilities in the...

France, EU close to a deal on Air France bailout: minister

(Reuters) - France and the European Union are close to a deal on a bailout for Air France, which like other carriers has been hammered by the coronavirus pandemic, Finance Minister Bruno Le Maire...

Exxon, Chevron take a slow walk on the path to U.S. shale recovery

(Reuters) - Exxon Mobil (NYSE:XOM) and Chevron Corp (NYSE:CVX) have scaled back activity dramatically in the top U.S. shale oil field, where just a year ago the two companies were dominating in the high-desert...

Burberry becomes first luxury brand to suffer Chinese backlash over Xinjiang

(Reuters) - Burberry has lost a Chinese brand ambassador and its hallmark tartan design was scrubbed from a popular video game, becoming the first luxury brand assailed by the Chinese backlash to Western accusations...

Caixabank may cut up to 8,000 jobs after Bankia merger: media

(Reuters) - Spanish bank Caixabank may cut between 7,000 and 8,000 jobs after merging with smaller rival Bankia, Cinco Dias newspaper reported on Thursday, citing unidentified sources. The bank will start negotiations with labour unions...

Boohoo publishes list of UK suppliers to meet transparency pledge

(Reuters) - British online fashion retailer Boohoo on Thursday published a list of 78 approved manufacturers operating across 100 sites in the UK, meeting a commitment for increased transparency. The list was released exactly six...

Harry Potter publisher raises profit view as reading picks up during lockdowns

(Reuters) - Harry Potter publisher Bloomsbury said on Wednesday profit for fiscal year 2020 will be significantly above market expectations as a surge in reading during the lockdown continued. "The popularity of reading during lockdown...

Credit Suisse to exit domestic Austrian wealth management

(Reuters) - Credit Suisse (SIX:CSGN) is exiting its domestic wealth management business in Austria and referring a portion of its wealthy clients to Liechtensteinische Landesbank while others will be served abroad, it said on...

Italy’s RCS signs deal with Google for access to dailies on Showcase

(Reuters) - RCS Mediagroup has sealed a multi-year deal with Google (NASDAQ:GOOGL) to offer access to some of its dailies on the U.S. tech giant's Showcase news platform, Corriere della Sera newspaper, owned by...

Chinese military bans Tesla cars in its complexes on camera concerns: Bloomberg News

The Chinese military has banned Tesla (NASDAQ:TSLA) Inc's cars from military complexes and housing compounds because of concerns about sensitive data being collected by cameras built into the vehicles, Bloomberg News reported on Friday,...
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Visa embraces crypto settlements, chooses Ethereum blockchain

Payment giant Visa announced on Monday that it will start using digital assets to settle transactions on its payment network. In a report credited to...

TA: Ethereum Retreats From $1,850, Why ETH Remains Attractive Near $1,750

Ethereum extended its rally above the $1,800 resistance against the US Dollar. ETH price is currently correcting lower from $1,840, but it might find...

Samsung Electronics’ Texas chip output returns to near-normal levels

(Reuters) -Samsung Electronics said on Tuesday that production at its U.S. chip plant at Austin, Texas had returned to near-normal levels as of last...

Nomura flags $2 billion loss, cancels bond issue; shares plummet

(Reuters) -Nomura Holdings Inc on Monday flagged a possible $2 billion loss at a U.S. subsidiary, prompting Japan's biggest brokerage and investment bank to...

Overseas athletes may be able to take part in Olympic test events, organisers say

(Reuters) - International athletes could be invited to participate in test events before the Tokyo 2020 Olympic Games this summer, organisers said on Monday. The...