Sept 12 Reuters United Parcel Service39;s new fiveyear deal with Teamstersrepresented workers will cost less than the 30 billion that was outlined by the union, the delivery firm39;s chief financial officer said on Tuesday. The contract covers about 340,000 UPS workers in the United States and will increase wage and benefit costs at a 3.3 compound annual growth rate […]

Sept 12 Reuters Unlike other companies that are attempting significant transformations with artificial intelligence, Apple is using the emerging technology to improve basic functions in its new gadgets. Without using the words artificial intelligence to describe the emerging technology, Apple showcased a new line of iPhones and a new watch that included improved semiconductor designs that power the new AI […]

BP aims to rapidly grow EV charging network by 2030 Aims to decarbonize refineries, build hydrogen hub 10 billion euro investment challenges rival utilities FRANKFURTLONDON, Sept 13 Reuters BP plans to invest up to 10 billion euros 10.7 billion in lowcarbon fuels, renewables and EV charging in Germany by the end of the decade to rival […]

Sept 12 Reuters The U.S. affiliate of crypto giant Binance said its chief executive, Brian Shroder, will leave and that it is cutting more than 100 jobs roughly a third of headcount, underscoring the company39;s operational challenges after being sued by regulators. Shroder will be replaced by general counsel Norman Reed, who joined the company […]

LONDON, Sept 13 Reuters Aviva is quitting its Singlife joint venture, selling its 25.9 stake in Singapore Life Holdings and two debt instruments to Sumitomo Life for a combined 800 million pounds 997 million, the British insurer said on Wednesday. The transaction is expected to be completed in the fourth quarter of 2023, Aviva said. Aviva […]