Reuters - Squid Business

Exclusive-Nissan takes its own road, minus Renault, in seeking tech tie-up

By Norihiko Shirouzu and Maki Shiraki (Reuters) -Nissan is developing growth plans in areas such as software and electric vehicles (EVs) independent of Renault SA as the automakers work to finalise terms of a sharply limited alliance, said seven people with knowledge of the matter. Japan’s third-biggest automaker by sales is seeking a partner outside …

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Two investor advisers recommend BP shareholders oppose activist climate resolution

By Ron Bousso LONDON (Reuters) -Investor advisers ISS and Glass Lewis have recommended BP shareholders oppose a climate resolution filed by activist group Follow This at the oil company’s annual general meeting later this month. Follow This said in December it had co-filed resolutions with six major institutional investors managing $1.3 trillion in assets ahead …

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Bayer chair wins backing from major shareholder advisory firms

By Patricia Weiss and Ludwig Burger FRANKFURT (Reuters) – Bayer Chairman Norbert Winkeljohann has won backing for his re-election from a pair of major shareholder advisory firms despite criticism from two German investment groups for his numerous board commitments. In separate reports made available to Reuters, Institutional Shareholder Services (ISS) and Glass Lewis said they …

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Florida Governor Desantis signs 6-week abortion ban law

(Reuters) – Florida’s Republican Governor Ron DeSantis has signed a bill into law that bans most abortions after six weeks, setting the stage for abortion access to be drastically curtailed in the state and across the U.S. South. DeSantis signed the legislation late on Thursday night after lawmakers in the state’s Republican-led House of Representatives …

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No evidence yet showing which animal COVID may have come from, says former head of China CDC

(Refiles to fix typo on first paragraph) LONDON (Reuters) – There is no evidence yet showing which animal the COVID-causing virus may have come from, the former head of the Chinese Center for Disease Control and Prevention (CDC) said on Friday. George Gao, who was speaking at a London summit on preparing for pandemics, was …

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Ferrari has record orders “well into” 2024, chairman says

MILAN (Reuters) -Ferrari has a record order book for its models spanning into next year, Chairman John Elkann told the sports car maker’s shareholders on Friday. Elkann said the Italian company’s two latest models, the 296 GTS plug-in hybrid car and the Purosangue four-seater had boosted its product portfolio, “delivering a record number of orders …

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US manufacturing output falls in March; rebounds in first quarter

(Corrects month in second paragraph to February from January) WASHINGTON (Reuters) – Production at U.S. factories fell more than expected in March, but eked out a modest gain in the first quarter. Manufacturing output dropped 0.5% last month, the Federal Reserve said on Friday. Data for February was revised higher to show production at factories …

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Fed’s Goolsbee says mild U.S. recession feasible

(Reuters) – A U.S. recession is certainly feasible as the Federal Reserve’s steep rate-hikes over the past year filters fully through the economy, Chicago Fed President Austan Goolsbee said on Friday, as he again urged the central bank to be prudent on policy. “There is no way you can look at current conditions around the …

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Wage protests halt high-speed grocery deliveries at India’s Zomato

By Arpan Chaturvedi and Tanvi Mehta NEW DELHI (Reuters) – Around 50 stores of Indian food delivery company Zomato’s grocery unit Blinkit are shut as bike riders have stopped work in the latest protest to hit India’s gig economy as employees push demands for better wages. Zomato in an email said it had introduced a …

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Hong Kong to make climate disclosures mandatory for issuers

(Reuters) – The Hong Kong stock exchange (HKEX) plans to make it mandatory for companies listed there to make climate-related disclosures, as the city strives to stay competitive as a green and sustainable financial centre. The bourse, which is a unit of Hong Kong Exchanges and Clearing Ltd, on Friday launched a three-month consultation over …

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