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France's Atos flags steep revenue decline for 2025
Reuters· 2026-01-21 07:02
Core Viewpoint - French IT group Atos expects a significant decline in annual revenue, consistent with its own guidance, due to ongoing contract losses [1] Group 1: Revenue Expectations - Atos anticipates a sharp drop in annual revenue, aligning with previous forecasts [1] - The decline in revenue is attributed to persistent contract losses throughout the quarter ending in December [1]
Barry Callebaut appoints former Unilever boss Schumacher as new CEO
Reuters· 2026-01-21 06:09
Barry Callebaut on Wednesday said it would appoint former Unilever boss Hein Schumacher as its chief executive and reported first quarter results showing it sold less of its cocoa products than expect... ...
China-backed power plant, Astra gold mine lose permits in Indonesian environmental crackdown
Reuters· 2026-01-21 06:03
Group 1 - A China-backed hydropower plant and a gold mining unit operated by Astra International had their permits revoked by the Jakarta government [1] - The revocation of permits affected a total of 28 firms [1] - This action reflects the Jakarta government's regulatory stance towards foreign investments in the region [1] Group 2 - The specific reasons for the permit revocations were not detailed in the report [1] - The impact on the operations and financial performance of the affected companies remains to be seen [1] - The move may signal increased scrutiny of foreign investments in Indonesia's natural resources sector [1]
L'oreal to invest $383 million in Indian tech hub
Reuters· 2026-01-21 04:36
Core Viewpoint - French cosmetics giant L'Oreal is establishing a tech hub in Hyderabad, India, with an initial investment exceeding 35 billion rupees, equivalent to approximately $383.41 million [1] Group 1 - L'Oreal's investment in the tech hub signifies its commitment to expanding its technological capabilities in the Indian market [1] - The establishment of the tech hub is part of L'Oreal's broader strategy to enhance innovation and digital transformation within the company [1] - The investment amount reflects L'Oreal's confidence in the growth potential of the Indian market and its tech ecosystem [1]
Nvidia CEO Huang plans to visit China as he seeks to reopen market, Bloomberg reports
Reuters· 2026-01-21 03:03
Core Insights - Nvidia CEO Jensen Huang is planning a trip to China in late January to re-establish a vital market for the company's artificial intelligence chips [1] Group 1 - The visit aims to reopen access to a significant market for Nvidia's AI chip products [1]
Exclusive: Cenovus considers selling some Alberta assets valued around C$3 billion, sources say
Reuters· 2026-01-21 00:36
Core Viewpoint - Cenovus Energy is exploring the sale of its conventional oil and gas assets in Alberta's Deep Basin to reduce debt following its acquisition of MEG Energy [1] Group 1: Company Actions - The company is considering divesting its conventional oil and gas assets as part of its strategy to manage and lower its debt levels [1] - This potential sale comes after Cenovus's recent takeover of MEG Energy, indicating a shift in focus towards optimizing its asset portfolio [1] Group 2: Industry Context - The move reflects broader trends in the oil and gas industry, where companies are increasingly looking to streamline operations and reduce financial liabilities in a fluctuating market [1]
Trump signs order to limit Wall Street investors in single-family housing
Reuters· 2026-01-21 00:28
Core Viewpoint - The U.S. government is taking measures to restrict large institutional investors from competing with individual homebuyers to enhance housing affordability [1] Group 1 - An executive order was signed by U.S. President Donald Trump to address the competition between institutional investors and individual homebuyers [1] - The initiative aims to make housing more affordable for individuals by limiting the influence of large institutional investors in the housing market [1]
Tesla's Cybercab, Optimus output to start 'agonizingly slow', ramp up later, Musk says
Reuters· 2026-01-21 00:25
Tesla CEO Elon Musk said on Tuesday that early production rate of the company's Cybercab robotaxi and its humanoid robot Optimus will be "agonizingly slow" before accelerating over time. ...
WTI oil prices fall as risks from Kazakh production halt subside
Reuters· 2026-01-21 00:12
Core Viewpoint - West Texas Intermediate crude oil prices experienced a decline due to geopolitical tensions and an anticipated increase in U.S. crude inventories, which overshadowed a temporary output halt in Kazakhstan's large fields [1] Group 1: Price Movement - West Texas Intermediate crude oil prices fell on Wednesday [1] Group 2: Influencing Factors - Geopolitical tensions exerted pressure on oil prices [1] - An expected build-up in U.S. crude inventories contributed to the price decline [1] - A temporary halt in output at two large fields in Kazakhstan was not sufficient to counteract the downward pressure on prices [1]
Genesis Health approved to sell nursing home in $1 bln bankruptcy deal
Reuters· 2026-01-21 00:08
Core Viewpoint - Genesis Health, which has filed for bankruptcy, has received court approval to sell its nursing homes for $1 billion to an outside buyer, following a previous offer rejection by a U.S. bankruptcy judge [1] Group 1 - Genesis Health's nursing homes are being sold for a total of $1 billion [1] - The court approval for the sale comes just over a month after a U.S. bankruptcy judge rejected an earlier offer [1]