China’s Alibaba Group (9988.HK) sold a 3.1% stake in Indian digital payments firm Paytm (PAYT.NS) for a total of $125 million through a block deal on Thursday, a source with direct knowledge of the matter told Reuters. Shares of the company fell as much...
Twitter Inc said on Wednesday that there was no evidence that data recently being sold online was obtained by exploiting a vulnerability in the company’s systems. Twitter said the data of 5.4 million of the accounts had been compromised by...
Porsche (P911_p.DE) is considering fully integrating Google software into its car cockpit, a source close to the company said on Thursday, marking a shift in strategy for the newly listed carmaker. The deal, which is only being considered for the Porsche brand...
Mercedes-Benz (MBGn.DE) is set to drop the EQ product brand for battery-electric cars as soon as the next generation of compact cars, set to be on the market from the end of 2024, German daily Handelsblatt said on Thursday, citing company sources....
Online fashion retailer ASOS (ASOS.L) said 300 million pounds ($365 million) of cost savings would help drive profits this year after sales fell over its four-month Christmas period, showing the scale of the challenge facing the group’s new CEO. José Antonio Ramos...
Home Depot Inc (HD.N) said on Wednesday it will change its pay policy for hourly employees starting Jan. 16, with associates being paid based on exact time punches. “Our policy has been to round total shift time up or down to the...
Pakistan will take fiscal measures set by the International Monetary Fund (IMF) to meet its budgetary targets for the 2022-23 financial year, finance minister Ishaq Dar said on Wednesday. The measures included reviewing subsidies in the farming and export sectors...
The dollar tumbled to a nearly nine-month low against the euro on Thursday after data showed U.S. inflation was easing, prompting bets that the Federal Reserve will be less aggressive with rate hikes going forward. The move lower in the...
Iron ore magnate Andrew Forrest called on Thursday for an overhaul of a $20 billion-plus project to send solar power from Australia to Singapore, which collapsed after he and tech billionaire Mike Cannon-Brookes split over funding plans. Singapore-based Sun Cable,...
Japan’s Fast Retailing Co (9983.T), owner of clothing brand Uniqlo, said on Thursday that first quarter earnings slid 2%, reflecting weakness at home and continuing COVID-19 restrictions in China. A day after announcing plans for big wage rises, the company said...
