Buffett’s Berkshire discloses $4.1 bln TSMC stake

Buffett’s Berkshire discloses $4.1 bln TSMC stake

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

Philip Morris clinches Swedish Match after smoking out opposition

Philip Morris clinches Swedish Match after smoking out opposition

PMI needs 90% stake for compulsory buyout of minorities PMI believes that target can eventually be reached PMI says top 10 Swedish Match investors tendered shares Nov 7 (Reuters) – Marlboro maker Philip Morris International (PMI) (PM.N) overcame some opposition to clinch 83% of Swedish Match (SWMA.ST), short of the 90% it wanted but enough … Read more

Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Musk looking to axe around half of Twitter’s workforce Employees file class action against Twitter Staff lose access to systems Volkswagen pulls ads Nov 4 (Reuters) – Twitter Inc started a major round of layoffs on Friday, alerting employees of their job status by email after barring the entrances to offices and cutting off workers’ … Read more

Glencore employees moved bribes cash by private jet, London court told

Glencore employees moved bribes cash by private jet, London court told

LONDON, Nov 2 (Reuters) – Employees and agents of a British subsidiary of mining and trading group Glencore (GLEN.L) used private jets to transfer cash to pay bribes to oil officials in West Africa, prosecutors told a London court on Wednesday. Glencore Energy UK Limited paid – or failed to prevent the payment of – … Read more

Exclusive: Tesla plans mass production start for Cybertruck at end of 2023

Exclusive: Tesla plans mass production start for Cybertruck at end of 2023

Nov 1 (Reuters) – Tesla (TSLA.O) aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck Chief Executive Elon Musk unveiled in 2019, two people with knowledge of the plans told Reuters. Tesla said last month that it was working on … Read more

Pork industry takes fight over California law to U.S. Supreme Court

Pork industry takes fight over California law to U.S. Supreme Court

Industry groups appeal ruling that backed California law At issue is Commerce Clause U.S. constitutional provision WASHINGTON, Oct 10 (Reuters) – The U.S. Supreme Court is set to hear arguments on Tuesday in an industry challenge to the constitutionality of a California animal welfare law in a case that could undermine the power of states … Read more

Musk says Pepsi to receive Tesla’s first Semi trucks in December

Musk says Pepsi to receive Tesla’s first Semi trucks in December

Oct 6 (Reuters) – Tesla Inc (TSLA.O) is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker’s chief Elon Musk tweeted on Thursday. When Musk unveiled the prototype of the futuristic, battery-powered Semi in 2017, he said the Class 8 truck would go … Read more

London’s FTSE 100 falls for second day as Shell weighs

London’s FTSE 100 falls for second day as Shell weighs

FTSE 100 down 0.8%, FTSE 250 adds 0.4% Imperial Brands rises on share buyback plan Weaker refining, gas trading to hit Shell’s Q3 results Construction activity improves unexpectedly Oct 6 (Reuters) – UK’s FTSE 100 index fell on Thursday with Shell weighing on the commodity-heavy index after the oil major said its third-quarter profits would … Read more

Will Russia use nuclear weapons? Putin’s warnings explained

Will Russia use nuclear weapons? Putin’s warnings explained

LONDON, Oct 4 (Reuters) – President Vladimir Putin, who rules the world’s biggest nuclear power, has repeatedly cautioned the West that any attack on Russia could provoke a nuclear response. Will Putin use nuclear weapons, how many such weapons does he command and how might the United States and the U.S.-led NATO military alliance respond? … Read more

Cuba entirely without power after Hurricane Ian

Cuba entirely without power after Hurricane Ian

HAVANA, Sept 27 (Reuters) – Cuba’s electrical grid collapsed late on Tuesday, leaving the entire country without power shortly after the passage of Hurricane Ian, which ravaged the western end of the island with violent winds and flooding. Lázaro Guerra, Technical Director of the Electric Union of Cuba, said a failure in the national electric … Read more