Article content LONDON — BlackRock, the world’s biggest asset manager, has set up a unit called Transition Capital to invest in opportunities linked to the global shift to a low-carbon economy, a memo to staff seen by Reuters showed. BlackRock, which manages around $8 trillion in assets, said Transition Capital would work with portfolio managers […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Dawn Chmielewski Article content Short-video platform Triller Inc is the latest company to stake its claim in the metaverse with the launch Monday of a new platform called Metaverz. Triller said its Metaverz provides virtual spaces where users can gather to watch live […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters David Randall Article content NEW YORK — Gut-wrenching market volatility and attractive valuations are prompting some investors to keep their bullish views on energy stocks, one of the few bets that have thrived in an otherwise punishing year. It’s not an easy call. […]
Article content NEW DELHI — India’s competition regulator has approved a merger between the Indian unit of Japan’s Sony and Zee Entertainment if certain conditions are met, television channel ET Now reported on Tuesday, citing sources familiar with the matter. Sony and Zee did not immediately respond to Reuters’ requests for comment. (Reporting by Tanvi […]
Article content LONDON — Vodafone is in talks with CK Hutchison about merging their businesses in Britain to create a market leading mobile network that could accelerate the roll-out of 5G services and expand broadband availability. Vodafone said on Monday it would own 51% and Hutchison 49% under the deal being discussed, with the stakes […]
Article content PARIS — The head of carmaker Stellantis , Carlos Tavares, expects the semiconductor supply chain to remain tight until the end of next year, he said in an interview published on Sunday in French newspaper Le Parisien. “The situation will remain very complicated until the end of 2023, then will ease a little,” […]
Article content LONDON — HSBC will undertake a review of whether to keep its global headquarters in London’s Canary Wharf financial district, according to a memo sent to staff and seen by Reuters on Thursday. The bank said it had decided to undertake a review “of the best future location in London” ahead of its […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Giulio Piovaccari and Giuseppe Fonte Article content ROME — Mario Draghi’s outgoing government and Intel have picked the town of Vigasio in the northeastern Veneto region as their preferred site for a new multibillion-euro chip factory in Italy, two people familiar with the […]
Article content STOCKHOLM — Ericsson said on Friday it is only providing software and technical support to Russian clients and has not sold any telecommunications equipment to mobile operators there since the Ukraine war started, after Swedish media reported the company had continued its exports. Shares of the company fell 4% in morning trading. Article […]
Article content Bitcoin on Sunday dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close. The world’s biggest and best-known cryptocurrency is down 58.9% from the year’s high of $48,234 on March 28. Article content Ether, the coin linked to the ethereum blockchain network, dropped 3.2 % to $1,422.1 […]