Business

(Reuters) – Ride-hailing giant Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14,
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FRANKFURT (Reuters) – Germany’s carmakers only have a 50 percent chance of surviving as leading players in the auto industry unless they transform to meet new regulations and adapt their supply chains, Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess said on Tuesday. FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, speaks during the Volkswagen Group’s annual general
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(Reuters) – Microsoft Corp (MSFT.O) co-founder Paul Allen, who had been suffering from non-Hodgkin’s lymphoma, a form of cancer, passed away at the age of 65 on Monday, his family said. Seattle Seahawks owner and Microsoft co-founder Paul Allen takes a photo prior to ringing the opening bell at the New York Stock Exchange January
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FRANKFURT (Reuters) – Germany’s Transport Ministry said on Monday it would order roughly 100,000 Opel vehicles to be recalled as part of an emissions probe, after prosecutors searched the carmaker’s offices earlier in the day. FILE PHOTO: An Opel logo is pictured in Ruesselsheim, Germany July 4, 2018. REUTERS/Ralph Orlowski/File Photo German motor vehicle authority
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NUSA DUA, Indonesia (Reuters) – The International Monetary Fund said on Saturday its members pledged to refrain from competitive currency devaluations and step up dialogue on trade, as escalating trade frictions and higher borrowing costs threatened to knock global growth. United States Secretary of the Treasury Steven Mnuchin speaks during an interview with Reuters at
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NEW YORK (Reuters) – Walmart Inc (WMT.N) has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel- focused acquisition in less than two weeks as the world’s biggest retailer seeks deeper inroads into the online fashion space. FILE PHOTO: A Walmart store is seen in Encinitas, California April 13, 2016. REUTERS/Mike
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(Reuters) – Wall Street indexes continued their slide in Thursday’s volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings a day ahead of the quarterly reporting season kickoff. In its sixth consecutive day of declines, the S&P closed down 2.1 percent after shedding 3 percent
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LONDON (Reuters) – Proxy advisory firm Glass Lewis had recommended shareholders vote for Unilever’s (ULVR.L) (UNc.AS) proposed move to the Netherlands before the plan was scrapped last week. FILE PHOTO: Traffic and people pass by the front of the Unilever building in central London, Britain, March 15, 2018. REUTERS/ Hannah McKay/File Photo Unilever pulled the
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SYDNEY (Reuters) – Asian shares hit 17-month lows on Tuesday as China allowed its currency to slip past a psychological bulwark amid recent losses in domestic share markets, a shift that pressured other emerging currencies. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration The Pakistani rupee
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LONDON (Reuters) – Britain has sought additional reassurances from cable company Comcast (CMCSA.O) over the editorial independence of the Sky News television channel following the U.S. group’s takeover of broadcaster Sky (SKYB.L). The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake “I’ve left them in
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PARIS/MILAN (Reuters) – Top shareholder Vivendi (VIV.PA) reaffirmed its support for Telecom Italia’s (TIM) (TLIT.MI) Chief Executive Amos Genish, while accusing activist fund Elliott of running a “rumor campaign” to discredit him. Telecom Italia CEO Amos Genish gestures during a debate at the RAI state television headquarters in Rome, Italy November 10, 2017. REUTERS/Remo Casilli
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