Author Archives: Syndicated Content
Colosseum kits and plastic flowers help Lego’s earnings double
By Nikolaj Skydsgaard COPENHAGEN (Reuters) - Toymaker Lego doubled its earnings in the first six months of the year as customers flocked to its reopened stores to buy Star Wars building sets and flowe...
Sep 28, 2021
EasyJet reports 93% take-up of $1.6 billion rights issue
LONDON (Reuters) -British airline easyJet said it had received acceptances from investors for 93% of the new shares it sold as part of a 1.2 billion pound ($1.64 billion) fully underwritten rights iss...
Sep 28, 2021
TotalEnergies, China Three Gorges to form electric mobility venture in China
PARIS (Reuters) - France's TotalEnergies said on Tuesday it has signed an agreement with China Three Gorges Corporation to establish a joint venture in electric mobility in China. The venture will dev...
Sep 28, 2021
Pandemic-led U.S. home improvement demand boosts Ferguson annual profit
(Reuters) -London-listed plumbing supplies provider Ferguson Plc reported higher annual profit on Tuesday, as customers spent more on home improvement projects during the pandemic. Although the pandem...
Sep 28, 2021
Central bank digital currencies can slash cross border payment time – BIS
By Alun John HONG KONG (Reuters) - Central bank digital currencies (CBDCs) can slash the time needed for cross border payments to seconds from days and cut costs, the Bank of International Settlements...
Sep 28, 2021
California to require garment industry to pay hourly wages to workers
(Reuters) - California Governor Gavin Newsom signed a bill on Monday that will ensure thousands of workers in the garment industry are paid a minimum wage by the hour instead of a piece-rate compensat...
Sep 28, 2021
Planemaker COMAC expects China’s share of global passenger fleet to rise
ZHUHAI, China (Reuters) - Chinese planemaker Commercial Aircraft Corp of China (COMAC) said on Tuesday it expected China's share of the global passenger aircraft fleet would rise to 22% by 2040 from 2...
Sep 28, 2021
ASMI expects next-gen chips to drive double-digit growth in core markets
(Reuters) -Dutch semiconductor supplier ASM International said on Tuesday it expects its gross margins to be 46%-50% between 2021 and 2025 on the back of its next-generation chips. ASMI also raised it...
Sep 28, 2021
Thai industry group scales down tourism forecast, says 3 million jobs lost
BANGKOK (Reuters) - Foreign visitors in Thailand are expected at about 280,000 this year, down from half million projected earlier, a private tourism group said on Tuesday, as the country suffers a pr...
Sep 28, 2021
New Zealand seeks to cool scorching housing market with new law
SYDNEY (Reuters) - New Zealand moved on Tuesday to cool its red-hot housing market by introducing rules designed to make property speculation less appealing and improve record low housing affordabilit...
Sep 28, 2021
