Ackman’s Pershing Square requests UMG to move secondary listing to US
(Reuters) – Universal Music Group (AS:UMG) said on Wednesday that billionaire Bill Ackman-led Pershing Square has exercised its right to request an offering and secondary listing of the record label in the United States. In November, Ackman said he would seek
US blacklists Chinese AI developer and co that ordered TSMC chip found in Huawei processor
By Karen Freifeld WASHINGTON (Reuters) -The Biden administration added more than two dozen Chinese entities to a U.S. restricted trade list on Wednesday, including Zhipu AI, a developer of large language models, and Sophgo, a company whose TSMC-made chip was illegally
Exclusive-Apple in talks with Barclays, Synchrony to replace Goldman in credit card deal, sources say
By Nupur Anand NEW YORK – Apple (NASDAQ:AAPL) is in talks with Barclays (LON:BARC) to replace Goldman Sachs as the tech giant’s credit card partner, said two sources familiar with the matter, as the Wall Street giant steps back
Japan firms face serious labour crunch from aging population, survey shows
TOKYO (Reuters) – Two-thirds of Japanese companies are experiencing a serious business impact from a shortage of workers, a Reuters survey showed on Thursday, as the country’s population continues to shrink and age rapidly. Labour shortages in Japan, particularly among non-manufacturers
Venezuela inflation was 48% year-on-year in 2024, Maduro tells lawmakers
CARACAS (Reuters) – Venezuela inflation was 48% annually in 2024, the lowest in 12 years, Venezuelan President Nicolas Maduro told lawmakers in an annual address to the national assembly and other officials on Wednesday, just days after he was inaugurated