Thyssenkrupp steel division, Kretinsky to exclude redundancies, newspaper reports

Reuters
Modi's govt calls on Indian state to look into Reuters report on Foxconn hiring
Indian Prime Minister Narendra Modi's government on Wednesday said it has asked the Tamil Nadu state to submit a "detailed report" after a Reuters story revealed that Apple supplier Foxconn rejected married women from iPhone assembly jobs in the country. In a statement calling for the probe, the federal government's Ministry of Labour and Employment cited the Equal Remuneration Act of 1976, saying the law "clearly stipulates that no discrimination (is) to be made while recruiting men and women workers." The ministry said it has requested a detailed report from the Labour Department of Tamil Nadu, site of a major iPhone factory where Reuters uncovered Foxconn’s practice of shunning married women from jobs.
MediaOutReach
Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space
SINGAPORE - Media OutReach Newswire - 27 June 2024 - Chinese tech giant Tencent has consolidated its Singapore office, relocating from 30 Raffles Place to a new flexible working space managed by The Work Project (TWP) at CapitaSky — a 29-storey tower in the Central Business District (CBD). Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space New Singapore Office Consolidates Tencent Workforce in Prime CBD Location The move, completed in the first week of June 2024 f
South China Morning Post
Tech war: dreams die for bankrupt Chinese semiconductor start-up Woodson
The recent collapse of Woodson, a Shanghai-based semiconductor start-up that went bankrupt, is the latest example of how China's efforts to build local alternatives to the world's most advanced chips can fail. Woodson, whose main entity is Shanghai Wusheng Semiconductor Group, was liquidated, according to a notice released on June 6 by the city's Pudong New Area People's Court. That marked the end for the firm, which was once an emerging star in China's semiconductor industry. Do you have questi
Simply Wall St.
Hour Glass And 2 More SGX Dividend Stocks To Consider
As the global payment landscape evolves with initiatives like the European Payments Initiative, investors may find stability and potential growth in dividend stocks amidst market fluctuations. In Singapore, where financial markets are known for their robustness, dividend stocks such as Hour Glass can offer investors a blend of income and relative security in uncertain times.
CNN Business
Two Adidas employees out in China corruption probe
Two employees have left Adidas as a result of an ongoing investigation launched by the German sportswear brand into allegations of corruption in China.
Sky News
Post Office Horizon expert admits seeing legal advice on trial obligations and defends Fujitsu's remote access
A key figure behind the flawed IT system that led to hundreds of sub-postmasters being wrongly jailed has told the Post Office inquiry he had "not remembered" legal advice he was given about his obligations as an expert witness. Former senior Fujitsu engineer Gareth Jenkins was crucial in the prosecutions process because he was one of the architects of the Horizon accounting systems and one of a few people to have extensive knowledge of their workings. The letter, which related to the Post Office prosecution of postmaster Lee Castleton, was written four years before Mr Jenkins was presented as an expert witness in the case of Seema Misra, who was wrongfully sentenced to 15 months in prison while pregnant in 2010.
Reuters
Biden awards up to $75 million in CHIPS Act grant to Entegris
"We’re not just bringing leading-edge chip technology and (factories) to the United States, we’re also bolstering the suppliers that make leading-edge manufacturing possible,” U.S. Secretary of Commerce Gina Raimondo said in a statement. Congress in 2022 approved the Chips and Science Act to boost domestic semiconductor output with $52.7 billion in research and manufacturing subsidies. According to the Commerce Department, the project's first phase would support the production of liquid filter membranes and Front Opening Unified Pods (FOUPS), specialized containers invented by Entegris to secure semiconductor wafers when transported during the manufacturing process.
Reuters
Potential China action against EU pork may be double-edged sword for Brazil
China's potential imposition of anti-dumping measures on European Union pork imports, a disastrous scenario for the bloc, could benefit Brazil's exporters but also affect the country's ability to compete elsewhere, analysts and industry sources said. Chinese companies have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media have reported. The potential for additional demand from China as a consequence of any anti-dumping measures is welcome for Brazilian exporters.
The Telegraph
Volkswagen to invest $5bn in Tesla electric car rival
Volkswagen has announced plans to invest up to $5bn (£3.9bn) in US electric carmaker Rivian, as manufacturers rethink their strategies amid uncertain demand.
Investing.com
Oil prices settle higher, but gains capped by surprise inventory build, dollar
Investing.com-- Oil prices settled slightly higher Wednesday, though gains were capped by unexpected build in U.S. inventories and a stronger dollar.
Reuters
Factbox-Companies forging a rare earths industry in the EU
In the rare earths sector, the EU will struggle to meet most of its ambitious goals in new legislation designed to boost domestic output of critical minerals and reduce dependence on China. Below are some key companies working on rare earths, with production figures in metric tons per year. Neodymium and praseodymium (referred to in the industry by their joint elemental abbreviation, NdPr) are key rare earths needed to make permanent magnets.
Benzinga
The Average Millennial Expects To Retire Before 60, Why Many Think This Is Unattainable
The average millennial expects to retire before age 60, but many critics think these expectations are unrealistic for today's standards. Surveys and reports from experts in the finance industry illustrate why early retirement could be a challenge for millennials. YouGov surveyed millennials, with the largest share, about 30%, saying they expect to retire between ages 51 and 60. Another survey by Principal Financial shows that the average millennial expects to retire by age 59. Don't Miss: Are yo
SmartAsset
Ask an Advisor: We Have $1.25M in Retirement Savings and Need to Withdraw $50k Per Year. How Should We Invest it?
We have $250,000 in the bank and one million to invest for retirement with no debt. We need to earn $50,000 a year from the million. Where should I invest it? -Rob First, congratulations on saving $1 million for your retirement – I'm sure a lot of hard work has gone into this! You have […] The post Ask an Advisor: We Have $1.25M in Retirement Savings and Need to Withdraw $50k Per Year. How Should We Invest it? appeared first on SmartReads by SmartAsset.
Fortune
China goes into panic mode over EU tariffs on electric cars, offers perks for German carmakers if they drop restrictions
China’s Commerce minister told German counterpart it was open to negotiating tariffs but wasn’t afraid to retaliate.
The Guardian
BP imposes hiring freeze and halts new offshore wind projects
New boss Murray Auchincloss reverses move away from fossil fuels, which had weighed on company’s share price
GOBankingRates
I’m a Financial Expert: Here are 7 Things Boomer Entrepreneurs Need to Know About Starting a Business
There are various reasons why someone may want to start a business in their golden years. Perhaps they're retired and miss the workforce. Maybe they've always nurtured a passion for entrepreneurship...
Yahoo Finance Video
Lawmakers to vote on if Medicare could cover obesity drugs
The US House Ways and Means Committee has proposed a strategy for Medicare to cover GLP-1 weight-loss drugs like Novo Nordisk's (NVO) Wegovy and Eli Lily's (LLY) Zepbound. Yahoo Finance Health Reporter Anjalee Khemlani breaks down the details of the proposed bill ahead of Thursday's vote to amend part of the Treat and Reduce Obesity Act of 2023. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl 'Follow Yahoo Finance's latest coverage on Eli Lilly and Novo Nordisk, weight-loss drugs, and the pharmaceutical industry as a whole: How Lilly is joining Novo in the crusade to circumvent Medicare's block on weight loss drugs Eli Lilly seeks to expand Zepbound use to treat sleep apnea Novo Nordisk, Eli Lilly still top 2 pharma stocks: Analyst Eli Lilly and Novo Nordisk are a 'duopoly' in GLP-1 market Why the GLP-1 impact on other industries 'will take years' Eli Lilly unveils new manufacturing plant for GLP-1 pens Novo Nordisk to invest $4.1B in NC facility for GLP-1 drugs Eli Lilly's new Alzheimer's treatment could 'lift' drug market Novo Nordisk stock rises on Wegovy approval in China
Investing.com
Oil prices settle higher on supply disruption jitters amid geopolitical tensions
Investing.com -- Oil prices settled higher Thursday as rising Middle East tensions stoked worries about global supplies disruptions, overshadowing data from a day earlier showing a surprise build in U.S. inventories.
South China Morning Post
Huawei smartphone sales see biggest growth in 618 shopping festival, but Apple stays ahead
Huawei Technologies has emerged as the big winner in China's smartphone market for the recently-concluded midyear 618 shopping festival with the biggest jump in sales and the smallest discounts, according to the latest data from Counterpoint Research. Huawei sales jumped 42.4 per cent during the one-month 618 sales period that started May 20, according to Counterpoint, which attributed the rise to continued strong demand for the company's latest handsets, including those from the Mate 60 and Pur
GOBankingRates
4 Pillars Your Retirement Plan Must Include
According to a Schroders survey, 32% of retired Americans feel that they don't have enough saved up, and 58% admitted that they have no idea how long their nest egg will last. Creating a retirement...

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Thyssenkrupp steel division, Kretinsky to exclude redundancies, newspaper reports

Thyssenkrupp steel division, Kretinsky to exclude redundancies, newspaper reports

Latest stories

Modi's govt calls on Indian state to look into Reuters report on Foxconn hiring

Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space

Tech war: dreams die for bankrupt Chinese semiconductor start-up Woodson

Hour Glass And 2 More SGX Dividend Stocks To Consider

Two Adidas employees out in China corruption probe

Post Office Horizon expert admits seeing legal advice on trial obligations and defends Fujitsu's remote access

Biden awards up to $75 million in CHIPS Act grant to Entegris

Potential China action against EU pork may be double-edged sword for Brazil

Volkswagen to invest $5bn in Tesla electric car rival

Oil prices settle higher, but gains capped by surprise inventory build, dollar

Factbox-Companies forging a rare earths industry in the EU

The Average Millennial Expects To Retire Before 60, Why Many Think This Is Unattainable

Ask an Advisor: We Have $1.25M in Retirement Savings and Need to Withdraw $50k Per Year. How Should We Invest it?

China goes into panic mode over EU tariffs on electric cars, offers perks for German carmakers if they drop restrictions

BP imposes hiring freeze and halts new offshore wind projects

I’m a Financial Expert: Here are 7 Things Boomer Entrepreneurs Need to Know About Starting a Business

Lawmakers to vote on if Medicare could cover obesity drugs

Oil prices settle higher on supply disruption jitters amid geopolitical tensions

Huawei smartphone sales see biggest growth in 618 shopping festival, but Apple stays ahead

4 Pillars Your Retirement Plan Must Include