SHANGHAI, Dec 12 (Reuters) – JD.com, one of China’s largest e-commerce firms, pledged 22 billion yuan ($3.12 billion) in housing support for its army of couriers, as competition intensifies in the instant retail market. JD.com’s move, announced in a post on its official WeChat account on Friday, follows a similar promise from food delivery firm…
By Gregor Stuart Hunter SINGAPORE, Dec 11 (Reuters) – Cryptocurrencies tumbled on Thursday and bitcoin fell back below the $90,000 threshold in a renewed signal of market jitters as fresh concerns about artificial intelligence profits weighed on technology stocks. Risk sentiment turned sour after U.S. cloud firm Oracle’s profit and revenue outlook missed forecasts and…
Dec 12 (Reuters) – Venezuelan opposition leader Maria Corina Machado on Friday promised political change after slipping out of the country in secret to collect the Nobel Peace Prize, as the shock waves intensified from the Trump administration’s seizure of an oil tanker earlier this week. That escalation came on the heels of a large-scale…
By Deena Beasley Dec 12 (Reuters) – Alzheimer’s trials testing Novo Nordisk’s blockbuster GLP-1 drug semaglutide, despite their failure, underscore a shift to approaching the brain-wasting disease as a system of complex pathways, much the way the field of cancer therapeutics has been transformed in recent years, experts say. Just two drugs are approved to…
BRASILIA, Dec 10 (Reuters) – Brazil’s lower house approved a bill tightening rules for habitual tax debtors, aiming to curb practices often used by companies involved in money-laundering schemes. Tuesday’s bill, which Finance Minister Fernando Haddad called essential to fighting organized crime, heads to President Luiz Inacio Lula da Silva to be signed into law,…
ZURICH, Dec 10 (Reuters) – The lowering of U.S. tariffs on Switzerland to 15% from 39% will be effective retroactively from November 14, the Swiss government said on Wednesday, delivering relief to businesses that had been saddled with the highest U.S. duties in Europe. On November 14, the United States and Switzerland sealed a preliminary…
WASHINGTON, Dec 8 (Reuters) – U.S. President Donald Trump said on Monday that farming equipment has gotten too expensive and his administration would help tractor companies by removing some environmental rules that affect them. “We’re going to also give the tractor companies, John Deere and all of the companies that make the equipment, we’re going…
Dec 9 (Reuters) – The U.S. military said it plans to develop a fleet of small-scale refineries to produce critical minerals used to make bullets, armor and other types of weaponry, a move aimed at developing domestic sources for niche materials that Chinese miners have long controlled. The plans, which have not been previously reported,…
By Alexander Marrow and Dimitri Rhodes LONDON, Dec 8 (Reuters) – The Magnum Ice Cream Company listed on Monday with a valuation of some 7.8 billion euros ($9.1 billion), below analyst expectations, with some investors unsure its sugar-heavy product can succeed as consumers grow more health-conscious. The firm, now the world’s largest standalone ice cream…
By Laura Garcia TEGUCIGALPA, Dec 7 (Reuters) – Impatience grew in Honduras on Sunday as electoral officials failed to provide an update on the results of the November 30 national elections for over 48 hours, with the presidential race still far too close to call. In the latest results released on Friday, Nasry Asfura of…
