Lloyd’s of London to invest $65 million following slavery report
(Reuters) – Lloyd’s of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade,…
GM’s Cruise to recall 950 driverless cars after accident involving pedestrian
(Reuters) – Cruise is recalling 950 driverless cars from the roads across the United States and may withdraw more following…
Why WeWork failed, and what is next
(Reuters) – Flexible workspace provider WeWork sought U.S. bankruptcy protection on Monday, crippled by a large debt pile and soaring…
HSBC to launch digital assets custody service by 2024
HSBC Holdings Plc (LON:HSBA) has announced plans to introduce a custody service for digital assets such as tokenized securities by…
Jewellery maker Pandora raises sales forecast after Q3 profit beat
(Reuters) – Danish jewellery maker Pandora (OTC:PANDY) reported a smaller than expected drop in third-quarter profit on Wednesday as more…
TikTok owner ByteDance offers to buy back shares from staff at $160 apiece
(Reuters) – China’s ByteDance, the parent of short video app TikTok, is offering to buy back shares from its employees…
Factbox-China property rescue: Who are Ping An Insurance Group and Country Garden?
(Reuters) – Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the…
Earnings call: Nine Energy Service optimistic about Q4 and 2024 despite Q3 decline
In its Q3 2023 earnings report, Nine Energy Service (NYSE:NINE) revealed a revenue of $140.6 million and adjusted EBITDA of…
Reaction to Reuters report on Ping An, Country Garden
(Reuters) – Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the…
Continental hikes car market forecast, warns on 2024 outlook
(Reuters) – Germany’s Continental expects a strong fourth quarter for its automotive business and higher growth in the global auto…