Page 257 - Reuters

General Motors laying off nearly 1,000 workers worldwide, most in US

The layoffs come as car company is trying to reposition itself as a leader in electric vehicles and software, which are both costly. GM is aiming to cut $2 bn to $4 bn in losses on EVs next year

Review Starlink, Kuiper reach before spectrum allocation: Reliance to Trai

"The authority should critically examine the capacities created by these mega ... constellations such as Starlink and Kuiper," the letter dated Nov. 15 said

Aluminium jumps 8.5% to $2,730 after China cancels export tax rebates

Three-month aluminium on the London Metal Exchange soared as much as 8.5% to $2,730 a metric ton and was up 6.1% at $2,670 in official open-outcry trading

Donald Trump's transition team aims to kill Biden admin's EV tax credit

Elon Musk, one of Trump's biggest backers and the world's richest person, said in July that killing the subsidy might slightly hurt Tesla sales but would be "devastating" to its U.S. EV competitors

COP climate talks need reform, no longer fit for purpose: Climate leaders

Delegates struggled for hours on the opening day to agree an agenda and the mood has been soured by doubts about the United States' future role under a Donald Trump presidency, diplomatic spats

Investors stepping back from biggest losers in Donald Trump's trade war

Since the eve of the election, U.S. stocks have risen more than 4% while European equities have fallen about 1% and emerging market shares are at two-month lows

Alibaba misses quarterly revenue estimates, cloud revenue rises 7%

Its U.S.-listed shares were up 3.3% in pre-market trading, however, as it reported an adjusted profit of 15.06 yuan per American Depository Share, beating estimates of 14.88 yuan

US signs $6.6 bn semiconductor chip subsidy for TSMC before Trump's return

In April, TSMC agreed to expand its planned investment by $25 billion to $65 billion and to add a third Arizona fab by 2030

Unilever reduces European job cuts, adds 1,000 roles for ice cream unit

Unilever said earlier this year it would axe 7,500 jobs globally as part of a restructuring to save about 800 million euros

Samsung Electronics plans $7.2 bn buyback to boost shareholder value

The board of directors will decide on ways to enhance shareholder value, including when and how to use the remaining seven trillion in the repurchase programme, the company said

China, UAE may cut Iran condensate imports if Trump tightens curbs: FGE

Condensate, an ultra light oil, is typically processed at splitters to produce mainly petrochemical feedstock naphtha or used as a diluent for heavy crude such as those from Venezuela

Chinese defence firms to join Vietnam arms fair as military ties grow

The two countries are close economic partners but have long been embroiled in maritime disputes in the South China Sea, where they have overlapping claims. They also fought a brief border war in 1979

Gold premiums reach 4-month peak as price drop attracts customers

Despite gold trading significantly below its record high, a shift toward precious metals in China has not been noticed yet, said Hugo Pascal, a precious metals trader at InProved

NTPC-ONGC green energy joint venture bids $650m for Ayana Renewable

Ayana Renewable Power, owned by NIIF, British International Investment Fund and Green Growth Equity Fund, operates solar and wind plants that produce 1,600 megawatts in India and has another 2,500

Lenovo looks to expand as Q2 results beat estimates; eyes AI growth

The Chinese technology company reported revenue of $17.9 billion for the quarter ended Sept 30, exceeding analysts' expectations of $16 billion

Donald Trump picks North Dakota Governor Burgum for interior secretary

Interior Secretary will oversee policies guiding the use of 500 million acres (202.3 million hectares) of federal and tribal land, a fifth of the nation's surface area

US President Biden to bid farewell at APEC, G20 under Trump's shadow

Meetings over six days are not expected to yield any major new agreements, senior Biden administration officials said, even as they are likely to touch on trade, security and global alliances

China's new home prices post steepest annual decline in nine years

In annual terms, new home prices slid 5.9 per cent in October, in their 16th consecutive month of declines, after a 5.8 per cent drop in September

Donald Trump picks Jay Clayton as Manhattan's top federal prosecutor

Clayton is likely to be seen as a somewhat unconventional pick for the office known for high-profile financial crime and public corruption prosecutions

Chinese self-driving firm Pony AI seeks around $4.5 bn valuation in US IPO

Two investors, including Chinese carmaker BAIC, have indicated on buying shares worth $74.9 million in the IPO