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Volkswagen battery business PowerCo looking more intensively at external funding
Reuters· 2025-12-17 07:36
Core Insights - Volkswagen's PowerCo is exploring external financing options due to reduced investment from its struggling German parent company [1] Group 1 - PowerCo's CEO indicated that the company is looking more closely at external financing options [1] - The decision comes as the parent company, Volkswagen, reins in its investment [1]
Britain clears Greencore, Bakkavor's $1.6-billion food group merger
Reuters· 2025-12-17 07:26
Britain's competition regulator has cleared the proposed 1.2-billion-pound ($1.61 billion) merger between convenience food manufacturers Greencore and Bakkavor on Wednesday, scrapping an in-depth probe into the companies. ...
Japan's MUFG to invest over $4 billion for stake in India's Shriram Finance, sources say
Reuters· 2025-12-17 06:28
Group 1 - Mitsubishi UFJ Financial Group (MUFG) is set to invest over $4 billion for a roughly 20% stake in Shriram Finance [1] - The deal is expected to be closed on Friday [1]
TikTok monitored Grindr activity through third-party tracker, privacy group alleges
Reuters· 2025-12-17 06:02
Core Point - A privacy advocacy group, noyb, has filed complaints against TikTok, Grindr, and AppsFlyer for allegedly breaching regional privacy laws, which could lead to the exposure of sensitive data [1] Group 1 - The complaints were submitted to Austria's data protection authority [1] - The allegations suggest that the companies risk exposing sensitive user data [1]
Robinhood expands sports event contracts as rivals flood industry
Reuters· 2025-12-17 02:32
Core Insights - Robinhood has introduced a new feature allowing customers to bet on the individual performances of professional football players [1] Company Developments - The online brokerage has rolled out a new batch of sports-focused event contracts [1]
US orders unit at TransAlta coal plant in Washington state to stay open
Reuters· 2025-12-17 01:38
Core Viewpoint - The U.S. energy secretary's order to keep a unit of the TransAlta coal power plant operational through winter reflects the Trump administration's ongoing support for fossil fuels [1] Group 1 - The order was signed on Tuesday, indicating a timely response to energy needs during the winter season [1] - The decision to maintain operations at the TransAlta coal power plant highlights the administration's policy direction favoring traditional energy sources over renewable alternatives [1]
Apple in talks with Indian chip makers for assembly, packaging of iPhone parts, ET reports
Reuters· 2025-12-17 01:06
Core Insights - Apple is engaging in preliminary discussions with Indian chip manufacturers for the assembly and packaging of iPhone components [1] Group 1 - The talks are reported by the local newspaper Economic Times, citing sources familiar with the matter [1] - This move indicates Apple's interest in diversifying its supply chain and potentially reducing reliance on other countries for component manufacturing [1]
Blackstone leads investment in data-security firm Cyera at a $9 billion valuation, WSJ reports
Reuters· 2025-12-17 00:56
Blackstone is leading a $400 million investment in data-security firm Cyera that values the New York-based company at $9 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. ...
Japan's Mizuho to buy majority of India's Avendus from KKR for up to $523 million
Reuters· 2025-12-17 00:52
Japan's Mizuho Securities on Wednesday said it will buy a majority stake in Indian investment bank Avendus from U.S. investment firm KKR for up to 81 billion yen ($523 million). ...