NEW DELHI, June 29 Reuters Japanese chipmaker Renesas Electronics Corp and India39;s Tata Motors have formed a strategic partnership to design, develop and make semiconductor solutions, the firms said on Wednesday. The move comes as a persistent global shortage of semiconductor chips has hobbled the automotive and electronics industries, among others, forcing production cutbacks, while highlighting global […]

TOKYO, June 29 Reuters Sony Group Corp said on Wednesday it39;s launching a new line of headphones and monitors targeting the growing PC market for videogames as the Japanese conglomerate looks beyond its core PlayStation console gaming audience. Sony, whose PlayStation 5 console has been affected by supply chain snarls, last month announced a pivot towards […]

Reuters Airbnb Inc said on Tuesday it will make permanent its ban on parties in homes listed on its platform after seeing a sharp drop in reports of unauthorized gatherings since the prohibition was put in place in August 2020. The company announced seeing a 44 yearafteryear drop in the rate of party reports since implementing […]

STOCKHOLM, June 29 Reuters HM, the world39;s secondbiggest fashion retailer, reported a forecastbeating 33 increase in MarchMay profit on Wednesday as shoppers flocked to its stores in the aftermath of the pandemic. The Swedish company reported a pretax profit of 4.78 billion crowns 471 million for its fiscal second quarter, up from 3.59 billion a […]

MEXICO CITY, June 27 Reuters Heineken will build a 1.8 billion peso, or 90 million, can manufacturing plant in the northern Mexican state of Chihuahua near its brewery in the town of Mequoi, the company said on Monday. The plant, Heineken39;s seventh in the country, will bring around 120 direct jobs after opening and around 150 […]

NEW YORKWASHINGTON, June 27 Reuters Morgan Stanley, Goldman Sachs, Bank of America and Wells Fargo hiked their dividends on Monday after the U.S. banks cleared their annual stress test exerciselast week. The U.S. FederalReserve said on Thursday the country39;s largest lenders could easily weather a severe economic downturn, giving them a clean bill of health and paving […]

HONG KONG, June 27 Reuters A windingup petition has been filed against embattled property developer China Evergrande Group at the Hong Kong high court, the judiciary39;s website showed. The petition was made by Top Shine Global Limited of Intershore Consult Samoa Limited, according to the website, and a hearing will be held on Aug. 31. Evergrande […]

June 21 Reuters Former Tesla Inc employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a mass layoff violated federal law as the company did not provide advance notice of the job cuts. The lawsuit was filed late on Sunday in Texas by two workers who said they […]

Surging inflation causing labour unrest across Europe Some Ryanair cabin crew demanding better conditions Budget airline says does not expect widespread summer disruption Other airlines face strikes amid struggles with staff shortages LISBONBRUSSELS, June 24 Reuters Some cabin crew at Ryanair went on strike in Belgium, Spain and Portugal on Friday in a dispute over […]

LONDON, June 24 Reuters Barclays has struck a deal worth around 2.3 billion pounds 2.8 billion to buy specialist lender Kensington Mortgage Company, extending its reach in Britain39;s housing market. The acquisition represents one of Barclays39; biggest recent transactions and a sizeable bet on the property market. British house prices have continued to rise in the […]