Russia's Avtovaz names ex-transport minister as CEO after Renault exit

Russia's top carmaker Avtovaz said on Monday it had appointed former transport minister Maxim Sokolov as its new president and CEO after its main shareholder Renault withdrew from the Russian market.

newspaper

23-05-2022

China lockdowns, war risk derailing global jobs recovery: ILO

The global job market is at risk of doing a U-turn on its path towards recovering to pre-COVID-19 levels as lockdowns in China and the war in Ukraine weigh on economies, the International Labour Organization (ILO) said in a report on Monday.

newspaper

23-05-2022

Chipmaker Broadcom in talks to acquire VMware -sources

Broadcom Inc is in talks to acquire cloud service provider VMware Inc in a deal which could transform the chipmaker into a diversified tech firm, people familiar with the matter said.

newspaper

23-05-2022

China lockdowns, war risk derailing global jobs recovery -ILO

The global job market is at risk of doing a U-turn on its path towards recovering to pre-COVID-19 levels as lockdowns in China and the war in Ukraine weigh on economies, the International Labour Organization (ILO) said in a report on Monday.

newspaper

23-05-2022

For EV maker Rivian, delivery headache hits as market shuts down coffers

When Jeff Wells placed a reservation for a Rivian R1T pickup in early 2019, he was one of the first in line for a truck from the Amazon.com Inc-backed electric vehicle startup that at the time promised to tap in to a niche not served by other automakers.

newspaper

23-05-2022

Bombardier launches latest ultra-long range business jet Global 8000

Canada's Bombardier Inc launched a new long-range business jet on Monday, as it looks to stay competitive in a market that serves the ultra-rich and has remained robust amid COVID-19 driven boom in demand for private aircraft.

newspaper

23-05-2022

With U.S. help, Japan wants to go from player to power in space

TOKYO (Reuters) -Space is a key area of cooperation for Japan with the United States, its closest ally, amid heightened tensions with an increasingly assertive China, which itself aims to become a space power.

newspaper

23-05-2022

Indonesia policy uncertainty hampers resumption of palm oil exports

JAKARTA (Reuters) -Indonesia allowed a resumption of palm oil exports from Monday after a three-week ban, but shipments were not expected to get underway until details emerge on new rules aimed at securing domestic supplies of the edible oil.

newspaper

23-05-2022

Cold beer to your door: brewers in Latin America go direct

With COVID-19 lockdowns normalising home delivery of everything from fast food to aspirin, brewers are tapping into a lucrative new sales format - delivering cold beer on demand to consumers still gathering at home with friends even as bars reopen.

newspaper

23-05-2022