Category: Business

Mexico has sent the United States a letter that formally kicks off a joint negotiation to resolve a U.S. complaint over a disputed contract vote at a General Motors Co (GM.N) factory, Mexican officials said on Monday. Workers had voted in April on whether to keep their current contract, however, halfway through Mexican officials detected […]

A more than 10% surge in growth stocks since the start of the quarter is fueling a comeback in star stock picker Cathie Wood’s ARK funds, which posted some of the worst declines among all U.S. equity funds over the first three months of the year. The ARK Innovation fund (ARKK.P), which is managed by […]

Mitsubishi UFJ Financial Group (8306.T) shareholders on Tuesday defeated a proposal for the bank to align its business with global targets on climate change, dealing a win for the board over investors pushing for more action on the environment. Activist investors in Europe and the United States trying to halt climate change have successfully compelled […]

Production of the humanoid Pepper, touted as the first robot with “a heart”, was stopped last year, according to three sources familiar with the matter and the documents. It would be costly to restart production, two of the sources said. Built by Foxconn (2317.TW) in China, Pepper was meant to help plug labour shortages but […]

China Evergrande Group (3333.HK) said on Tuesday its interest-bearing indebtedness has dropped to around 570 billion yuan ($88.23 billion), from 716.5 billion yuan at the end of 2020. The company had said early this month the debt level would drop below 600 billion yuan by the end of June, achieving one of the three debt […]

Multiple users complained about an outage affecting Alphabet Inc’s (GOOGL.O) search engine Google as well as its streaming and email services late Monday before services were restored, according to outage monitoring website Downdetector. Platforms including Google, YouTube, and Gmail were down, with users citing issues with login and accessing the website in parts of North […]

Britain has published a list of the number of free UK carbon permits each aircraft operator will receive from 2021-2025 under the country’s domestic emissions trading system (ETS), the government said. The ETS is a method of charging power plants and other industrial entities for each tonne of carbon dioxide they emit. Britain launched its […]