(Reuters) -Sweden-based Volvo Car AB said on Saturday it had taken 100% ownership of its autonomous driving (AD) software development subsidiary Zenseact. Volvo Cars acquired 13.5% of shares in Zensea[...]
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Chinese manufacturing contracts sharply as COVID infections soar
BEIJING (Reuters) -China’s factory activity shrank at the sharpest pace since the pandemic first emerged nearly three years ago, after Beijing’s abrupt reversal of counter-epidemic measure[...]
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FTX says Bahamas regulators hold $296 million, not $3.5 billion of company’s assets
By Dietrich Knauth (Reuters) -FTX on Friday disputed claims by the Securities Commission of the Bahamas (SCB) that the regulator was holding $3.5 billion of the bankrupt cryptocurrency exchange’[...]
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U.S. judge orders Norwegian Cruise Line to pay $110 million for use of Cuba port
By Brian Ellsworth MIAMI (Reuters) – Norwegian Cruise Line must pay $110 million in damages for use of a port that Cuba’s government confiscated in 1960, a U.S. judge ruled on Friday, a mi[...]
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U.S. review could delay or block Binance deal for Voyager Digital
By Dietrich Knauth (Reuters) – Binance’s $1 billion acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a U.S. national security review, according to a Fri[...]
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Panama says it rejects First Quantum’s legal bid to avoid halting operations
By Valentine Hilaire PANAMA CITY (Reuters) – The Panamanian government has rejected Canada-based miner First Quantum’s legal proceedings to avoid halting operations at the Cobre Panama min[...]
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Exclusive-Drugmakers to raise prices on at least 350 drugs in U.S. in January
By Michael Erman and Julie Steenhuysen NEW YORK (Reuters) – Drugmakers including Pfizer Inc, GlaxoSmithKline PLC, Bristol Myers Squibb, AstraZeneca PLC and Sanofi SA plan to raise prices in the[...]
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Wall St ends 2022 with biggest annual drop since 2008
By Echo Wang (Reuters) – U.S. stocks closed out 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukrai[...]
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Bankman-Fried set to enter not guilty plea in FTX fraud case -source
By Jack Queen NEW YORK (Reuters) -Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrup[...]
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