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...It runs alongside a parallel localisation drive under way in state-owned enterprises....
...“Unannounced inspections are a preliminary investigative step into suspected distortive foreign subsidies,” it said....
...The EU has taken the first steps towards a formal investigation into Apple, over a decision to cut off access to some applications that bypass its app store as Brussels steps up scrutiny over the iPhone-maker...
...The step towards making vehicles in India comes after New Delhi last month lowered tariffs on higher-priced imported EVs for companies that commit to making them in the country within three years....
...A break-up is a radical but necessary next step to progress. The split along divisional lines makes sense....
...Tesla’s enterprise value remains many times the size of carmakers such as Ford. Investors seem keen to give Musk the benefit of the doubt....
...A reckoning is coming in the next few weeks. Ofwat will decide whether to fine Thames Water for a £37.5mn dividend it paid to Kemble last year....
...Leo Varadkar is to step down as Ireland’s prime minister in a shock decision, saying he was no longer the right person to lead his party into a general election due within a year....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...“The large PBMs make money every step of the way when they stick with the brand and it will take a lot to shake them from that mindset.”...
...That should enable it to broker up to $1bn in loans to small and medium sized enterprises in the next 18 months, and the same amount annually, according to Rohit Arora, co-founder and chief executive....
...CVR Energy will pay out $30mn in dividends to the investor’s Icahn Enterprises next month, on top of about $300mn sent over the past 12 months....
...That’s why the next inflection point is a very important inflection point,” he said....
...“The next couple of years are going to tell whether these far-fetched and extreme case are going to prosper or fail,” he said....
...Shares wilted in the next few days, to the tune of 14 per cent in Lululemon’s case....
...All this leads to an interesting question: will Mag 7 growth, or Mag 7 value, do better in the next few years?...
...Jason Hollands, managing director of corporate affairs at wealth manager Evelyn Partners, says: “You need the best people to step up and take over....
...“You see one company announce lay-offs and think ‘Here we go, who’s it going to be next week?’”...
...Uber unveiled an inaugural $7bn share buyback programme on Wednesday, days after reporting its first full year of operating profit, making it the latest Silicon Valley company to step up its returns to shareholders...
...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
...Mining company Vale has also been affected after the administration faced accusations, which it denied, of improperly seeking to get a controversial ally of Lula appointed as its next chief executive....
...Unlike their Chinese and South Korean counterparts, around 90 per cent of Japan’s EV battery suppliers are small and midsize enterprises that operate in more specialised niches, with each one catering to...
...You come away from listening to him convinced that bitcoin is the next great innovation in the financial world....
...“Google and Amazon saw strong cloud activity this quarter because of the aggressive shift towards AI across the enterprise [business],” said Ives....
...JetBlue Airways shares fell 10.7 per cent on Monday after it announced its chief executive Robin Hayes would step down next month and be replaced by the group’s president Joanna Geraghty....
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