HAMBURG -Aurubis AG, Europe’s largest copper producer, on Monday confirmed an 85% rise in quarterly profits and reiterated increased full-year earnings estimates as high metal prices and strong output boosted …
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DUBAI – Ports giant DP World on Monday reported a 9.4% rise in 2021 container volumes, though growth rates moderated in the fourth quarter which the Dubai state company said …
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ROME – Italian luxury group Dolce&Gabbana has set up a new company to directly manage the development, production and sale of its perfumes and cosmetics, Chief Executive Alfonso Dolce said …
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Samsung, Blue Ocean launch U.S. stock trading during South Korean business hours
by Reutersby ReutersBy John McCrank NEW YORK – Asian investors can now buy and sell U.S. stocks during Korean business hours in real time through a partnership between Samsung Securities and U.S.-based …
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Musk’s SpaceX working to restore Tonga’s internet – Fiji official
by Reutersby ReutersSINGAPORE – Elon Musk’s satellite internet venture is helping to restore connectivity to the Pacific Island nation of Tonga, according to an official in Fiji where the work is underway. …
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Spotify CEO condemns Rogan over racial slurs, but won’t silence him
by Reutersby ReutersBy Bhargav Acharya and Shivani Tanna – Spotify Chief Executive Officer Daniel Ek said on Sunday he “strongly” condemns racial slurs and other comments made by popular U.S. podcaster Joe …
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James Hardie sets higher profit view as U.S. housing market boom continues
by Reutersby Reuters– James Hardie, the world’s largest fibre cement maker, on Monday raised its annual profit forecast for the fourth time this fiscal year, and guided to even higher earnings next …
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Porsche expects another record year for sales despite chip shortage – Automobilwoche
by Reutersby ReutersBERLIN – Luxury carmaker Porsche AG expects another record year for sales despite the global semiconductor chip shortage, its sales chief was quoted as saying by industry magazine Automobilwoche. “When …
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NBC’s Olympics opening ceremony coverage draws nearly 14 million U.S. TV viewers
by Reutersby ReutersBy Helen Coster -NBC’s coverage of the opening ceremony for the Beijing Olympic Games averaged close to 14 million U.S. television viewers, according to preliminary data provided by NBCUniversal on …
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Special Report-Inside J&J’s secret plan to cap litigation payouts to cancer victims
by Reutersby ReutersBy Mike Spector and Dan Levine NEW YORK – Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to …
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Ford to suspend or cut output at 8 of its factories due to chip shortage
by Reutersby ReutersSAN FRANCISCO – Ford Motor plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply …
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J&J tried to get federal judge to block publication of Reuters story
by Reutersby ReutersBy Maria Chutchian and Tom Hals – Johnson & Johnson tried to get a U.S. judge to block Reuters from publishing a story based on what it said were confidential …
- MIsc. News
Airbus may make engines for hydrogen fuelled planes, CEO tells paper
by Reutersby ReutersFRANKFURT – Airbus may make its own engines for its hydrogen fuelled planes, Chief Executive Officer Guillaume Faury told a German newspaper in an interview published on Saturday. The planemaker …
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As NFTs flourish, U.S. Treasury raises alarm over money laundering in art
by Reutersby ReutersBy Daphne Psaledakis WASHINGTON – The U.S. Treasury Department on Friday issued a set of recommendations to combat illicit finance in the high-value art market and warned that the emerging …
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By Jacob Gronholt-Pedersen COPENHAGEN -Carlsberg plans to raise beer prices to offset rising raw material costs, potentially hitting beer sales this year, the Danish brewer said on Friday. The world’s …
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Facebook owner Meta adds tool to guard against harassment in metaverse
by Reutersby ReutersBy Elizabeth Culliford – Facebook’s parent Meta Platforms said on Friday it is launching a tool for people using its virtual reality social platforms to maintain personal space boundaries, as …
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Tyson Foods’ beef profits expected to amplify concerns about high meat prices
by Reutersby ReutersBy Tom Polansek CHICAGO – Tyson Foods Inc is expected to post strong results for its beef business in a quarterly earnings report on Monday, as the Biden administration’s criticism …
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From Kisses to Kleenex, consumer-product makers plot additional U.S. price hikes
by Reutersby ReutersBy Siddharth Cavale and Uday Sampath Kumar – From Hershey to Clorox and Kleenex maker Kimberly-Clark, major consumer-products companies have announced plans to boost U.S. prices further or more broadly …
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Southwest Airlines to bring alcohol back on planes after nearly two years
by Reutersby Reuters– Southwest Airlines Co will resume alcohol sales on its flights this month after nearly two years, the Texas-based carrier said on Thursday, a pause it extended last year due …
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(Refiling to remove a redundant full stop in paragraph 11) By Kantaro Komiya TOKYO – Student budgets in Japan may come under pressure after Cup Noodle, a cheap meal long …
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All in a day: Zuckerberg loses $29 billion, Bezos set to pocket $20 billion
by Reutersby ReutersBy Eva Mathews and Nivedita Balu -Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one-day plunge, while fellow billionaire Jeff …
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By Danielle Kaye NEW YORK – Amazon pulled the veil off its sprawling advertising business for the first time on Thursday, revealing a business larger than that of Google’s YouTube. …
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Biden nominee Raskin vows Fed will monitor climate risk, not dictate lending
by Reutersby ReutersBy Pete Schroeder and Hannah Lang WASHINGTON -Sarah Bloom Raskin, President Joe Biden’s pick to be the Fed’s top bank regulator, told U.S. lawmakers on Thursday that she believes banks …
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By Nandita Bose WASHINGTON – When U.S. President Joe Biden accused Facebook of “killing people” by spreading vaccine lies in July, many experts and researchers hoped it marked the beginning …
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Exclusive-iPhone flaw exploited by second Israeli spy firm-sources
by Reutersby ReutersBy Christopher Bing and Raphael Satter WASHINGTON – A flaw in Apple’s software exploited by Israeli surveillance firm NSO Group to break into iPhones in 2021 was simultaneously abused by …