US business borrowing for equipment rises 16% in May – ELFA

The skyline is seen in Manhattan, New York City, US, August 21, 2021. REUTERS / Andrew Kelly Register now for FREE unlimited access to Reuters.com Register June 23 (Reuters) – US companies borrowed 16% more in May to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) … Read more

Analysis: Record numbers of Chinese graduates enter worst job market in decades

10.8 mln Chinese graduates to enter job market in weak economy Youth unemployment at 18.4%, 3 times higher than overall rate Graduates’ jobs a top government priority amid stability risks BEIJING, June 23 (Reuters)-Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job … Read more

SoftBank overseas business chief exits in latest churn

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS / Issei Kato / Register now for FREE unlimited access to Reuters.com Register TOKYO, June 22 (Reuters) – Japan’s SoftBank Group Corp (9984.T) said on Wednesday it has appointed Alex Clavel as chief executive of … Read more

Nikola founder asks judge to block evidence of ‘wealth’, ‘lifestyle’ in fraud case

Trevor Milton, founder and former-CEO of Nikola Corp., exits the Manhattan Federal Courthouse following an appearance in New York City, US, July 29, 2021. REUTERS / Eduardo Munoz / File Photo Register now for FREE unlimited access to Reuters.com Register June 21 (Reuters) – Trevor Milton, the billionaire founder and former chief executive of Nikola … Read more

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company- sources

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market … Read more

UK data rules to ease burden on business, cut cookie warnings

LONDON, June 16 (Reuters) – Britain will set out a new data protection regime on Friday that diverges from EU regulations, which it says will ease the burden of compliance on businesses and reduce the number of annoying cookie pop-ups that plague consumers online. . The government said it believed the new rules would not … Read more

Tesla cuts job openings since Elon Musk’s economic warning

A Tesla service and sales center is shown in Vista, California, US, June 3, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, June 16 (Reuters) – Tesla (TSLA.O) has cut job postings by 14% since Chief Executive Elon Musk warned he was worried about the economy, needed to reduce … Read more

Porsche to pay $ 80 million to resolve fuel economy claims on US vehicles

June 16 (Reuters) – Volkswagen AG (VOWG_p.DE) and its Porsche AG unit have agreed to a class-action settlement worth at least $ 80 million to resolve claims it skewed emissions and fuel economy data on 500,000 Porsche vehicles in the United States, court documents show. The settlement, filed in US District Court in San Francisco, … Read more

Analysis: S.Korea truckers’ win no harbinger of labor market peace

SEOUL, June 15 (Reuters) – South Korea’s unionized truckers drove a strong bargain with their largely peaceful strike action proving effective without antagonizing a public largely unsympathetic towards unions after years of militant action. But the group of aging drivers are often seen as outliers in the country’s combative and politicized industrial landscape and their … Read more

French Finance Minister: rising US bond yields show that “era of cost-free money is over”

French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire looks on during a French president’s visit to the Eurosatory land and airland defense and security trade fair, at the Paris-Nord Villepinte Exhibition Center in Villepinte, north of Paris, June 13 , 2022. Ludovic Marin/ Pool via REUTERS Register now for FREE unlimited … Read more