Philippines grants US better access to bases amid China concerns

Philippines grants US better access to bases amid China concerns

Philippines and USA agree to add four locations under EDCA Deal comes amid South China Sea tensions over Taiwan EDCA allows US access to Philippine military bases China says greater access to US harms regional stability MANILA, Feb 2 (Reuters) – The Philippines has granted the United States better access to its military bases, its … Read more

Putin invokes Stalingrad to predict victory over ‘new Nazism’ in Ukraine

Putin invokes Stalingrad to predict victory over ‘new Nazism’ in Ukraine

Russian President speaks in Volgograd 80 years have passed since the Soviet victory at Stalingrad Putin draws a parallel with the Russian campaign in Ukraine This content was produced in Russia, where law restricts coverage of Russian military operations in Ukraine. VOLGOGRAD, Russia, Feb 2 (Reuters) – President Vladimir Putin evoked the spirit of the … Read more

ChatGPT sets record for fastest growing user base – analyst note

ChatGPT sets record for fastest growing user base – analyst note

Feb 1 (Reuters) – ChatGPT, OpenAI’s popular chatbot, is estimated to have reached 100 million monthly active users in January, just two months after its launch, making it the fastest-growing consumer app the fastest in history, according to a UBS study on Wednesday. The report, citing data from analytics firm Similarweb, says around 13 million … Read more

Adani market losses snowball to $100 billion on discontinued stock sale

Adani market losses snowball to 0 billion on discontinued stock sale

NEW DELHI, Feb 2 (Reuters) – Shares of Indian group Adani fell on Thursday after market turmoil forced the conglomerate to scrap a crucial $2.5 billion share offering, deepening its market losses to over $100 billion and raising concerns about the potential systemic impact. The withdrawal from the sale of Adani Enterprises (ADEL.NS) shares marked … Read more

Honda will start producing a new hydrogen fuel cell system co-developed with GM

Honda will start producing a new hydrogen fuel cell system co-developed with GM

TOKYO, Feb 2 (Reuters) – Japan’s Honda Motor Co (7267.T) said it would start producing a new hydrogen fuel cell system jointly developed with General Motors Co (GM.N) this year and increase gradually its sales this decade, into an offer to develop its hydrogen activity. Honda will target annual sales of around 2,000 units of … Read more

Airbus and Qatar Airways settle bitter dispute over A350s

Airbus and Qatar Airways settle bitter dispute over A350s

PARIS, Feb 1 (Reuters) – Airbus (AIR.PA) and Qatar Airways have settled a dispute over grounded A350 planes, the airlines said on Wednesday, avoiding a potentially damaging lawsuit in the UK after an 18-year dispute. month that tore the lid. out of the global jet aircraft market. The “amicable and mutually acceptable settlement” ends a … Read more

Hindenburg bet against Indian Adani intrigues rival US short sellers

Hindenburg bet against Indian Adani intrigues rival US short sellers

Feb 1 (Reuters) – When Hindenburg Research disclosed a short position in Adani Group last week, some U.S. investors said they were intrigued by the actual mechanics of its trading because Indian securities rules make it difficult for foreigners to bet against companies there. Hindenburg’s bet has been lucrative so far. His allegations, which the … Read more

Myanmar junta extends state of emergency as coup anniversary marked by ‘silent protest’

Myanmar junta extends state of emergency as coup anniversary marked by ‘silent protest’

Junta extends state of emergency, says elections must be held ‘The current situation is unfolding under unusual circumstances,’ says acting president Deserted streets in some Myanmar towns for silent protest Protesters hold rallies in Thailand and the Philippines Feb 1 (Reuters) – Myanmar’s junta has extended the country’s state of emergency for another six months, … Read more

Exclusive: Electric vehicle maker Rivian to cut 6% of jobs amid price war – internal memo

Exclusive: Electric vehicle maker Rivian to cut 6% of jobs amid price war – internal memo

SAN FRANCISCO, Feb 1 (Reuters) – Rivian Automotive (RIVN.O) is laying off 6% of its workforce in a bid to cut costs as the electric vehicle maker, already struggling with dwindling cash reserves and an economy weak, is preparing for a full-scale industry-price war. The company is focusing its resources on ramping up vehicle production … Read more

Adani drops $2.5bn share sale in blow to Indian tycoon

Adani drops .5bn share sale in blow to Indian tycoon

NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship company on Wednesday called off its $2.5 billion share sale in a dramatic reversal as the rout sparked by criticism from a U.S. short seller erased billions more of the value of the Indian tycoon’s shares. The withdrawal of the Adani Enterprises (ADEL.NS) stock offering marks … Read more