Tag: Business
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EU to propose limit on kids’ social media access, von der Leyen says
BRUSSELS, July 13 : The European Commission will present a proposal to limit children’s access to social media platforms after the summer, Commission President Ursula von der Leyen said on Monday.”Our children need time in the real world. Time to play, time to build friendships, time to make mistakes. Time to
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Shein scheduled for Hong Kong IPO hearing on Thursday, sources say
LONDON/HONG KONG, July 13 : Fast-fashion retailer Shein is scheduled for a Hong Kong initial public offering hearing with the city’s stock exchange on Thursday, two sourceS with knowledge of the matter said, a step which will bring it closer to its much-awaited market debut. The fast-growing commerce company
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Japan has no plans to overhaul pension funds’ asset allocation, sources say
TOKYO, July 13 : Japan has no immediate plans to change target asset allocations of its state pension funds but could work within existing allowable ranges to direct more investment to domestic assets, people with knowledge of government deliberations told Reuters.Finance Minister Satsuki Katayama said on Fri
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Japan has no plans to overhaul pension funds’ asset allocation, source say
TOKYO, July 13 : Japan has no immediate plans to change target asset allocations of its state pension funds but could work within existing allowable ranges to direct more investment to domestic assets, people with knowledge of government deliberations told Reuters.Finance Minister Satsuki Katayama said on Fri
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Shares skid in Asia as oil climbs on Gulf conflict
SYDNEY, July 13 : Share markets slid in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging and rekindling inflation risks globally. The dollar rose with bond yields as investors narrowed the odds of a hike in interest rates
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Nippon Paint offers $8.6 billion for AkzoNobel decorative paints unit
July 13 : Nippon Paint has offered to buy AkzoNobel’s decorative paints business for €7.5 billion ($8.55 billion), the company said on Monday.Nippon Paint had previously sought to buy AkzoNobel’s entire business along with U.S.-based Sherwin-Williams for €12.5 billion, but the bid was rejected in May, aft
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SK Hynix sinks after Nasdaq debut amid profit-taking, easing earnings optimism
SEOUL, July 13 : SK Hynix shares dropped as much as 8.2 per cent in early Seoul trade on Monday as investors booked profit, after a high-profile U.S. listing saw the world’s leading AI memory chipmaker surge 12.8 per cent in its Nasdaq debut on Friday.The South Korean firm raised over $26 billion selling Amer
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Samsung Electronics to advance start of chip factory in Yongin to 2029
SEOUL, July 13 : Samsung Electronics said on Monday it aims to bring forward the start of operations of its chip fabrication site in the city of Yongin, south of Seoul, to 2029 from 2030-2031, as it seeks to keep up with surging demand for memory chips used in AI infrastructure.Last month, both Samsung and…
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Meta to put AI chip into production in September as it looks to double computing capacity, memo shows
(Corrects figure in paragraph 11 to 2.5 gigawatts by end of year, not 5.5 gigawatts.)By Katie Paul, Max A. Cherney and Stephen NellisNEW YORK/SAN FRANCISCO, July 9 : Meta Platforms plans to start manufacturing an artificial intelligence chip from September as part of its plan to boost overall computin
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Nippon Paint offers $8.6 billion for Akzo Nobel unit, Bloomberg News reports
July 13 : Nippon Paint has made multiple offers for Akzo Nobel’s decorative paints business in the past month, including a proposal valuing the unit at 7.5 billion euros ($8.55 billion) last week, Bloomberg News reported on Sunday, citing people familiar with the matter. Reuters could not immediately verify
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