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Michael Burry bolstered his bets on three Chinese tech companies last quarter.The “Big Short” investor raised his stakes in Alibaba, Baidu, and JD.com but also hedged the wagers.Burry didn’t add any new names to his stock portfolio but exited a couple in the period. Michael Burry doubled down on three…
By David Stanway SINGAPORE (Reuters) – National pledges to cut greenhouse gas emissions still fall far short of what is needed to limit catastrophic global warming, the United Nations said on Monday as countries prepare for the next round of climate change negotiations in November. The “nationally determined contributions” (NDCs)…
Donald Trump was asked Tuesday about Google’s antitrust challenges.Trump said Google “has a lot of power” but didn’t say he favored a breakup.”We want to have great companies,” he said. “We don’t want China to have these companies.” Former President Donald Trump weighed in on Google’s antitrust challenges, criticizing the…
By Duncan Miriri and Laurie Chen NAIROBI/BEIJING (Reuters) – China stopped short of providing the debt relief sought by many African countries this week, but pledged 360 billion yuan ($50.7 billion) over three years in credit lines and investments. The Forum for China-Africa Cooperation (FOCAC) launched in 2000 took on…
By Tom Westbrook SINGAPORE (Reuters) -Global stocks were poised near record highs on Wednesday, with the next move riding on results at chipmaking market darling Nvidia (NASDAQ:), while sterling hovered near a 2-1/2-year high as traders bet that Britain will lag the U.S. in cutting interest rates. MSCI’s broadest index…
Two months after Walmart surprised its previously remote corporate employees with a return-to-office mandate, many are in the midst of packing up for cross-country moves.While the company is maintaining two satellite campuses near New York and San Francisco, most workers are slated to relocate to the retailer’s hometown of Bentonville,…
DUBLIN – Aon plc (NYSE: NYSE:) reported a slight dip in share price following its second-quarter earnings release, which revealed an earnings miss alongside a revenue beat. AON shares were trading down 0.6% in Friday’s premarket session following the results. The global professional services firm announced adjusted earnings per share…
NATO members have equipped Ukraine with plenty of highly capable armored vehicles to take into battle against Russia, giving Kyiv a firepower, survivability, and maneuverability upgrade over the aging Soviet-era systems with which it started its grueling fight.Among the wartime additions to Ukraine’s arsenal is the US-made Bradley fighting vehicle,…
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines forecast lower profits in the third quarter than analysts had expected, with the carrier citing discounting pressure in the low end of the market, sending the company’s shares down about 10% before the bell on Thursday. The Atlanta-based carrier also reported…
By Eric Onstad LONDON (Reuters) – Four decades ago, a rare earth processing plant on France’s Atlantic coast was one of the largest in the world, churning out materials used to make colour televisions, arc lights and camera lenses. Its current owner Solvay (EBR:) is racing to return the plant…
