kslmadmin

TOKYO (Reuters) – Japanese retailer Seven & i Holdings Co said on Tuesday it will oppose a board proposal by activist investor ValueAct Capital. ValueAct, which owns a 4.4% stake in Seven & i, is calling for a spin-off of its 7-Eleven convenience store chain and is seeking to replace four of the 14 board members at the annual meeting. But none of those nominees have experience in significant business […]

By M. Sriram and Tanvi Mehta MUMBAI (Reuters) -About 300 people lined up at Apple’s store in Mumbai on Tuesday, as fans took selfies with Chief Executive Tim Cook who inaugurated the first retail store run by the company in India, underscoring the importance of its market. People gathered from across the nation, hoping to be among the first to enter the store in an opening event featuring local music […]

By Humeyra Pamuk TOKYO (Reuters) -A U.S. diplomatic convoy came under fire on Monday in Sudan in an apparent attack by fighters associated with Sudan’s paramilitary Rapid Support Forces (RSF), U.S. Secretary of State Antony Blinken said on Tuesday, in an incident he described as “reckless” and “irresponsible”. The incident prompted a direct warning from Blinken, who separately telephoned RSF leader General Mohamed Hamdan Dagalo, known as Hemedti, and Sudan’s […]

STOCKHOLM (Reuters) – Sweden’s Ericsson on Tuesday reported first-quarter core earnings that beat expectations as stronger sales of 5G equipment in countries such as India offset lower sales in high-margin countries. The company’s quarterly adjusted operating earnings, excluding restructuring, fell to 4 billion Swedish crowns ($386.77 million) from 4.8 billion crowns a year earlier, beating analysts’ mean forecast of 3.28 billion, according to Refinitiv data. Ericsson, which announced plans to […]

STOCKHOLM (Reuters) – Sweden’s Ericsson on Tuesday reported first-quarter core earnings that beat expectations as stronger sales of 5G equipment in countries such as India offset lower sales in high-margin countries. The company’s quarterly adjusted operating earnings, excluding restructuring, fell to 4 billion Swedish crowns ($386.77 million) from 4.8 billion crowns a year earlier, beating analysts’ mean forecast of 3.28 billion, according to Refinitiv data. Ericsson, which announced plans to […]

ROME (Reuters) -AS Roma said on Monday they have sacked chief executive Pietro Berardi, a decision taken days after prosecutors seized documents at the Serie A club as part of a probe into possible financial irregularities in transfer deals. Roma, who are in third place in the Italian top flight, said in a brief statement that they had “terminated all relations” with Berardi “with immediate effect.” The statement did not […]

By Joe Skipper and Steve Gorman BOCA CHICA, Texas (Reuters) -Elon Musk’s SpaceX called off the highly anticipated debut launch of its newly combined Starship cruise vessel and Super Heavy rocket in the final minutes of countdown due to a frozen valve, delaying the uncrewed test flight for at least two days.     The two-stage rocketship, standing taller than the Statue of Liberty at 394 feet (120 m) high, was […]

By Kevin Yao and Joe Cash BEIJING (Reuters) – China’s economy grew at a faster-than-expected pace in the first quarter, as the end of strict COVID curbs lifted businesses and consumers out of crippling pandemic disruptions, although headwinds from a global slowdown point to a bumpy ride ahead. More than a year-long sweeping streak of global monetary policy tightening to rein in red hot inflation has dented world economic growth, […]

PESHAWAR, Pakistan (Reuters) -A landslide during a thunder and lightning storm on the main road through northwest Pakistan’s Khyber Pass buried more than 20 trucks on Tuesday, killing at least two people, with dozens more feared trapped, officials said. “Twenty to twenty five containers are buried in the wreckage,” Abdul Nasir Khan, deputy commissioner of the Khyber district, told Reuters. “The wreckage is quite extensive and our rescue operation is continuing […]