HONG KONG, August 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to increase its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese game giant pivots into the global games market, four sources with direct knowledge of the matter told Reuters. Sources say China’s largest social network and game company, which … Read more
Bailiff orders 122 banking institutions operating in Luxembourg to freeze Ecuadorian assets Ecuador to issue Luxembourg-listed bonds in 2020 debt overhaul Some bondholders received interest payments due on July 31 LONDON, Aug. 1 (Reuters) – A Luxembourg bailiff has ordered banks to freeze assets held by Ecuador in Luxembourg accounts due to a dispute over … Read more
WASHINGTON, July 27 (Reuters) – The US Justice Department has opened a criminal investigation into Cassava Sciences Inc. (SAVA.O) regarding whether the biotech company manipulated research results for its experimental Alzheimer’s drug, two people familiar with the investigation said. Justice Department employees are conducting an investigation into Austin, Texas-based Cassava, which examines whether companies or … Read more
LUVERNE, Alabama, July 22 (Reuters) – A subsidiary of Hyundai Motor Co used child labor at a plant that supplied parts for the South Korean carmaker’s assembly line in Nearby Montgomery, Alabama, according to area police, the families of three underage workers, and eight former and current employees of the plant. The underage workers, in … Read more
July 20 (Reuters) – A coalition of right-wing “constitutional police chiefs” who claim legal power in their jurisdictions exceeds US federal and state agencies , has a new call: to investigate conspiracy theories that the 2020 election was rigged against former President Donald Trump. The Association of Constitutional Sheriffs and Peace Officers has partnered with … Read more
TAIPEI/SHANGHAI/SINGAPORE, July 19 (Reuters) – From his small office in Singapore, Kelvin Pang is ready to bet his $23 million payday that the worst chip shortages are not over yet for automakers – at least in China. Pang bought 62,000 microcontrollers, the chips that help control a range of functions from a car’s engine and … Read more
July 14 (Reuters) – Annie England Noblin, a 40-year-old resident of rural Missouri, had never had a problem getting her monthly prescription for methotrexate until this week. On Monday, Noblin’s pharmacist said she couldn’t give her the medication until she confirmed with Noblin’s doctor that the drug would not be used for an abortion. Missouri … Read more
Average ship age more than two years as of 2017 New emissions rules could force older ships to go slower 1/5 of ships are equipped with energy-saving equipment New ships and alternative fuels are the long-term solution LONDON, July 11 (Reuters) – If shipping is the beating heart of global trade, its pulse is about … Read more
July 7 (Reuters) – Spirit Airlines Inc (SAVE.N) will postpone a shareholder vote scheduled for Friday on a $2.4 billion sale to Frontier Group Holdings Inc. (ULCC.O) so it can continue to negotiate its sale to JetBlue Airways Corp (JBLU.O) instead, according to people familiar with the matter. The Spirit shareholder vote, which has been … Read more