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3M to end ‘forever chemicals’ output at cost of up to $2.3 bln Reuters.com 3M will stop making hazardous ‘forever chemicals’ starting in 2025 CNN 3M to end use of ‘forever chemicals’ by end of 2025 Yahoo Finance 3M to Stop Making, Discontinue Use of ‘Forever Chemicals’ The Wall Street Journal Amid pressure, 3M to end toxic ‘forever chemicals’ Reuters … Read more
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TOKYO, Dec 16 (Reuters) – Japan on Friday unveiled its biggest military build-up since World War Two with a $320 billion plan that will buy missiles capable of striking China and ready it for sustained conflict, as regional tensions and Russia’s Ukraine invasion stoke war fears. The sweeping, five-year plan, once unthinkable in pacifist Japan, … Read more
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TOKYO/LONDON, Dec 9 (Reuters) – Japan, Britain and Italy are merging their next-generation jet fighter projects in a ground-breaking partnership spanning Europe and Asia that is Japan’s first major industrial defence collaboration beyond the United States since World War Two. The deal, which Reuters reported in July, aims to put an advanced front-line fighter into … Read more
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WASHINGTON/LOS ANGELES, Nov 29 (Reuters) – The U.S. House of Representatives was set to vote Wednesday to block a rail strike that could potentially happen as early as Dec. 9, after President Joe Biden warned of dire economic consequences and massive job losses. House Speaker Nancy Pelosi said lawmakers will vote Wednesday to impose a … Read more
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KOCHI, India Nov 28 (Reuters) – More than 80 people were wounded in southern India as villagers halting the construction of a $900 million port clashed with police, the latest escalation of a months-old protest waged by a mostly Christian fishing community against Asia’s richest man. The protests are a major headache for Gautam Adani’s … Read more
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Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW), , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC up more than 6% in Taiwan on Tuesday, as it boosted investor sentiment … Read more
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Nov 5 (Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday posted a third-quarter loss, as the conglomerate run by billionaire Warren Buffett said it lost money on its stock investments and from insurance underwriting. The net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 … Read more
SHANGHAI, Oct 28 (Reuters) – The profitability surge of a Shanghai food supplier seeking a Hong Kong listing, disclosed in an exchange filing, gives a rare peep under the hood into a cohort of Chinese companies that have benefited from President Xi Jinping’s zero-COVID policy. Pang Pang Xiang (China) Company Ltd saw its gross profit … Read more
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Oct 18 (Reuters) – BYD Co (002594.SZ), China’s biggest electric car maker, said third-quarter net profit likely more than quadrupled due to robust sales and a better product mix, sending its shares surging. It estimated that net profit for the July-September quarter came in between 5.5 billion yuan to 5.9 billion yuan ($765 million-$820 million), … Read more
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TOKYO, Oct 13 (Reuters) – Shares in Toshiba Corp (6502.T) on Thursday surged on a report that a domestic investor-led group was looking at a $19 billion bid – a potential deal that would likely lead to foreign activist shareholders being bought out after years of tension. A consortium led by private equity firm Japan … Read more