ASIA

CVS, Walmart and Walgreens agree to pay $13.8 billion to settle US opioid claims

CVS, Walmart and Walgreens agree to pay $13.8 billion to settle US opioid claims

Nov 2 (Reuters) – CVS Health Corp (CVS.N), Walgreens Boots Alliance Inc (WBA.O) and Walmart Inc (WMT.N) have agreed to pay around $13.8 billion to solve thousands of state governments , local and US tribal lawsuits accusing drugstore chains of mishandling opioid painkillers. CVS said Wednesday it agreed to pay about $5 billion over 10 …

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Toyota cuts production target amid chip slump as profits fall 25%

Toyota cuts production target amid chip slump as profits fall 25%

Q2 profit of 562.7 yen mv vs. 772.2 yen mth forecast Reduced production target for the year to 9.2 million units from 9.7 million It’s unclear when the chip shortage will end – executive Results ‘very unimpressive’ given positive factors – analyst Shares end down 1.9%, benchmark Nikkei up 0.3% TOKYO, Nov 1 (Reuters) – …

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Musk starts his Twitter ownership with layoffs, says 'the bird is free'

Musk starts his Twitter ownership with layoffs, says ‘the bird is free’

Musk says ‘the bird is free’ after $44 billion deal Musk fires Twitter CEO, CFO and chief policy officer Some Twitter users are signaling their willingness to walk away Survey shows employee concerns at work EU warns: ‘This bird will fly by our rules’ Oct 28 (Reuters) – Elon Musk has taken over Twitter Inc …

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Credit Suisse seeks billions from investors in landmark overhaul

Credit Suisse seeks billions from investors in landmark overhaul

ZURICH, Oct 27 (Reuters) – Credit Suisse plans to raise 4 billion Swiss francs ($4 billion) from investors, cut thousands of jobs and shift its focus from investment banking to clients rich, while the bank tries to put years of scandals behind this. The Swiss lender on Thursday described what its chairman Axel Lehmann called …

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Exclusive: Tesla faces US criminal investigation over self-driving allegations

Exclusive: Tesla faces US criminal investigation over self-driving allegations

Oct. 25 – Tesla Inc (TSLA.O) is under criminal investigation in the United States for allegations that the company’s electric vehicles can drive themselves, three people familiar with the matter said. The US Department of Justice last year launched an undisclosed investigation into more than a dozen crashes, some of them fatal, involving Tesla’s Autopilot …

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In 'unprecedented' global meltdown, SK Hynix halves investment as recession looms

In ‘unprecedented’ global meltdown, SK Hynix halves investment as recession looms

Reduction in investments comparable to the financial crisis of 2008-09 Q3 profit plunges 60%, misses estimates Inflation and gloomy economic outlook weigh on demand SEOUL, Oct 26 (Reuters) – South Korea’s SK Hynix Inc (000660.KS) warned on Wednesday of an “unprecedented deterioration” in demand for memory chips, heightening fears of a global recession, and said …

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New NASA instrument detects methane 'super-emitters' from space

New NASA instrument detects methane ‘super-emitters’ from space

The EMIT (Earth Surface Mineral Dust Source Investigation) study has identified more than 50 methane hotspots around the world. NASA scientists, using a tool designed to study how dust affects the climate, have identified more than 50 methane-emitting hotspots around the world, a development that could help combat the potent greenhouse gas. NASA said on …

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The world is going through its "first truly global energy crisis" - IEA's Birol

The world is going through its “first truly global energy crisis” – IEA’s Birol

SINGAPORE, Oct 25 (Reuters) – Tighter liquefied natural gas (LNG) markets around the world and reduced supplies from major oil producers have put the world in the midst of “the first truly global energy crisis”, said the head of the International Energy Agency (IEA). ) said on Tuesday. Rising LNG imports into Europe amid the …

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Microsoft launches search for Chinese game hits in race against Sony

Microsoft launches search for Chinese game hits in race against Sony

HONG KONG, Oct 25 (Reuters) – Microsoft Corp (MSFT.O) is sourcing Chinese video game content to emulate Sony Group Corp’s (6758.T) success with “Genshin Impact”, sources said, reinforcing China’s transition from a gamers-only country to a successful developer hub. The American software giant and the Japanese tech vanguard have been offering a lot of money …

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Exclusive: Toyota scrambles to restart EVs with eye on Tesla

Exclusive: Toyota scrambles to restart EVs with eye on Tesla

Oct 24 (Reuters) – Toyota (7203.T) plans to restart its electric car strategy to better compete in a booming market it has been slow to break into and has halted some work on existing electric vehicle projects , four people with knowledge of the plans still in development said. The proposals under consideration, if passed, …

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