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Financial & Business News

  • Business
    Bloomberg

    Equinix, STT Among Bidders for Time Dotcom’s Data Centers

    (Bloomberg) -- US-based investors DigitalBridge Group Inc., I Squared Capital-owned BDx and Equinix Inc. are among potential suitors for the data center business of Malaysia’s Time Dotcom Bhd., according to people familiar with the matter.Most Read from BloombergTrump’s Final Scene Didn’t Go According to ScriptVenice Plans to Start Weeding Out Cheap TouristsStocks Finish Almost Flat in Teeter-Totter Session: Markets WrapTesla Cuts 200 Autopilot Workers as California Site ClosesDemocrats Weigh Pa

  • World
    Bloomberg

    Xi Is Finally Leaving Mainland China After 893 Days at Home

    (Bloomberg) -- President Xi Jinping is set to finally leave mainland China after 893 days at home, even as he still trumpets a Covid Zero policy that has isolated the world’s No. 2 economy diplomatically amid rising geopolitical tensions. Most Read from BloombergTrump’s Final Scene Didn’t Go According to ScriptVenice Plans to Start Weeding Out Cheap TouristsStocks Finish Almost Flat in Teeter-Totter Session: Markets WrapTesla Cuts 200 Autopilot Workers as California Site ClosesDemocrats Weigh Pa

  • News
    Reuters

    Brazil Volkswagen workers approve agreement for $193 million investment

    The plant, which currently produces the Gol and Voyage models, employs around 3,200 workers and is starting a new production cycle after the implementation of Volkswagen's "MQB" modular design strategy. Volkswagen did not immediately reply to requests to comment on the matter. Last week, workers at Volkswagen's main Brazil plant in Great Sao Paulo's Sao Bernardo do Campo, accepted a wage decrease and a cut in working hours starting in July due to the lack of auto parts and electronic components.

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