Reuters was first to report that Russia was withdrawing from the UN-brokered agreement for a wartime safe shipping channel for Ukraine’s grain exports. The Monday announcement pushed global wheat prices sharply higher. U.S. wheat futures also jumped 8.5% on Wednesday and European grains soared after Reuters reported, ahead of competition, that Moscow would deem all...
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August 8, 2023August 8, 2023Technology
Microsoft hit with EU antitrust complaint by German rival
Reuters exclusively reported that Microsoft (MSFT.O) was hit with an EU antitrust complaint by German rival alfaview on Thursday over its bundling of video app Teams into its Office product as the bloc’s regulator prepares to investigate the U.S. tech giant. The complaint, the second after Slack, comes as the EU competition enforcer prepares to open an...
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August 8, 2023August 8, 2023Finance
Petrobras eyes steady investments in new five-year business plan, CEO says
Reuters broke the news that Brazil’s state-run oil firm Petrobras plans to keep total investments in its next five-year business plan in line with the last, based on an exclusive interview with CEO Jean Paul Prates. Investor concerns of a spending spree under a new leftist government have been relieved. The post Petrobras eyes steady...
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August 8, 2023August 8, 2023Worldwide
Tesla CFO Zach Kirkhorn steps down
Zach Kirkhorn, Tesla’s chief financial officer, stepped down from his role but will remain with the company through the end of the year.
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August 8, 2023August 8, 2023Technology
Elon Musk says he may need surgery
Elon Musk said he may require surgery and is getting an MRI of his neck and upper back.
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A market slaughtering dogs was a top tourist attraction. Then a video was leaked
The sale of dog and cat meat is now banned at Indonesia’s Tomohon Extreme Market — a live animal market named for the brutal practices that occurred there.
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August 8, 2023August 8, 2023Worldwide
Asia markets set for mixed open ahead of China trade data
Economists polled by Reuters expect a deeper slump in exports from China in July, forcasting a 12.5% fall year on year compared to June’s 12.4%
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August 8, 2023August 8, 2023Technology
Paramount to sell Simon & Schuster to KKR for $1.62 billion
Paramount Global has agreed to sell Simon & Schuster to private equity giant KKR for $1.62 billion, the company said as it reported quarterly earnings.
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August 8, 2023August 8, 2023Finance
Apple extends its post-earnings decline. Here’s what the pros are saying
Pros on CNBC discussed Apple as the stock continued to fall following its worst week of 2023.
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Over $1 trillion needed for developing nations’ climate transition, says ex-World Bank official
The lack of resources has made it challenging for those countries to reduce their high carbon emissions and shift to clean energy faster, she noted.