Reuters - Squid Business

Taiwan says it will encourage firms to build more robotics, drones locally

TAIPEI (Reuters) – Taiwan is introducing a new initiative called “Chips Team Taiwan” that will encourage Taiwanese companies to build more satellites, drones and robotics locally, its technology and science minister said on Tuesday. Wu Cheng-wen said Taiwan’s defence needs were growing and this would create local demand for such products from the island’s chip …

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UK’s Bunzl says lower prices will hit 2024 profit, shares plunge

(Reuters) -British business supplies distributor Bunzl on Tuesday said that low prices, especially in continental Europe, would have a “slight impact” on its annual profit, sending its shares down more than 5%. Bunzl has been balancing sales declines in the U.S., a key market, by raising prices for daily-use items such as stationery and food …

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ECB imposes extra capital charge on 13 banks over leverage risk

FRANKFURT (Reuters) -The European Central Bank imposed additional capital charges on 13 euro zone banks this year, judging that they might be taking on more risk than they can absorb. This “add-on” to the banks’ leverage ratio requirement, which measures a bank’s core capital as a percentage of its total assets, was applied to more …

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Bangladesh’s electricity imports from Adani plant slide by a third in November

By Sudarshan Varadhan SINGAPORE (Reuters) – Bangladesh’s electricity imports from an Adani Power plant in India fell by nearly a third in November, Indian government data showed, pushing the south Asian nation to boost fuel oil use for power generation. Adani abruptly slashed supply to Bangladesh from its 1,600 megawatt power plant in Jharkhand state …

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Soccer-League Cup touchline ban no issue for Liverpool boss Slot

(Reuters) – Arne Slot will not be on the touchline during Liverpool’s League Cup quarter-final clash with Southampton, but the Dutch manager on Tuesday said he does not expect his ban to impede his ability to impact the team. Slot will be serving a touchline ban during Wednesday’s match after receiving his third yellow card …

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Japan targets 40-50% power supply from renewables by 2040

By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Japan wants renewable energy to account for up to 50% of its electricity mix by fiscal year 2040 with nuclear power taking up another 20%, according to a draft of its revised basic energy policy, as it makes a clean energy push while meeting rising power demand. …

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UK’s FTSE 100 hits one-month low after pay data

(Reuters) – UK’s FTSE 100 dropped to a near one-month low on Tuesday in the aftermath of strong wage data, while investors braced for clues on the Bank of England’s (BoE) future interest-rate trajectory later this week. The main FTSE 100 was down 0.6% as of 0950 GMT. Supplies distributor Bunzl was the worst-hit on …

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South Korean authorities fail to raid presidential office again, Yonhap says

By Joyce Lee and Ju-min Park SEOUL (Reuters) -South Korean investigators probing President Yoon Suk Yeol’s short-lived martial law declaration failed to gain entry to his office to seek evidence on Tuesday after presidential office security staff denied them entry, Yonhap news agency reported. Yoon was impeached on Saturday over his martial law decree and …

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Russian prosecutors seek jail terms of nearly six years for three of Navalny’s lawyers

By Mark Trevelyan LONDON (Reuters) – Russian prosecutors have demanded prison terms of nearly six years each for three lawyers who represented Alexei Navalny, an ally of the late opposition leader said on Tuesday. Vadim Kobzev, Igor Sergunin and Alexei Liptser are accused of taking part in an extremist organisation. They were arrested in October …

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Russia sells out of vast Kazakh uranium deposits to China

MOSCOW (Reuters) – Kazakhstan’s state-controlled nuclear resources company said on Tuesday that Russia’s state Rosatom corporation was selling its stakes in vast uranium deposits that it had been developing with the world’s largest uranium producer. Kazatomprom said that Rosatom unit, Uranium One Group, had sold its 49.979% stake in the Zarechnoye mine to SNURDC Astana …

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