Town Hall News

By Joe Brock SINGAPORE (Reuters) – Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project, four people involved in the deal told Reuters. The plan is a sign that an intensifying tech war between Beijing and Washington risks tearing the fabric of the internet. China’s three main carriers – China […]

By Joe Brock SINGAPORE (Reuters) – Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project, four people involved in the deal told Reuters. The plan is a sign that an intensifying tech war between Beijing and Washington risks tearing the fabric of the internet. China’s three main carriers – China […]

LONDON (Reuters) -Britain is to investigate Amazon.com’s anticipated takeover of robot vacuum maker iRobot Corp, the country’s competition regulator said on Thursday. The e-commerce giant’s planned $1.7 billion acquisition of iRobot, aimed at expanding its stable of smart home devices, is already being reviewed by the U.S. Federal Trade Commission. Britain’s Competition and Markets Authority said it is also now considering whether the deal could reduce competition in the connected […]

LONDON (Reuters) -Britain is to investigate Amazon.com’s anticipated takeover of robot vacuum maker iRobot Corp, the country’s competition regulator said on Thursday. The e-commerce giant’s planned $1.7 billion acquisition of iRobot, aimed at expanding its stable of smart home devices, is already being reviewed by the U.S. Federal Trade Commission. Britain’s Competition and Markets Authority said it is also now considering whether the deal could reduce competition in the connected […]

By Norihiko Shirouzu, Joseph White and Maki Shiraki (Reuters) – After making sweeping changes to its leadership team, Japan’s Toyota Motor Corp is looking at a factory floor overhaul as it maps out a move to a new, dedicated platform for battery electric vehicles, four people familiar with the matter said. Koji Sato may confirm that new EV architecture is in the works at his first briefing as CEO on […]

By Norihiko Shirouzu, Joseph White and Maki Shiraki (Reuters) – After making sweeping changes to its leadership team, Japan’s Toyota Motor Corp is looking at a factory floor overhaul as it maps out a move to a new, dedicated platform for battery electric vehicles, four people familiar with the matter said. Koji Sato may confirm that new EV architecture is in the works at his first briefing as CEO on […]

MILAN (Reuters) – Shares of Italian Serie A soccer club Lazio fell sharply on Thursday a day after the launch of an investigation into allegations of false accounting on capital gains from players’ transfer deals. The stock plunged more than 8% on rumours of possible sporting penalties, a Milan-based trader told Reuters. Italy’s tax police on Wednesday searched and seized evidence from the headquarters of the Rome-based club, prosecutors in […]

MILAN (Reuters) – Shares of Italian Serie A soccer club Lazio fell sharply on Thursday a day after the launch of an investigation into allegations of false accounting on capital gains from players’ transfer deals. The stock plunged more than 8% on rumours of possible sporting penalties, a Milan-based trader told Reuters. Italy’s tax police on Wednesday searched and seized evidence from the headquarters of the Rome-based club, prosecutors in […]

ISLAMABAD (Reuters) – Pakistan’s parliament on Thursday adopted a resolution rejecting a Supreme Court order to hold provincial snap polls, the house speaker said. The top court had earlier this week ruled illegal the government’s move to delay the snap polls in two provinces where former prime minister Imran Khan had dissolved his local governments earlier this year. The speaker, in a live TV telecast, said the motion was adopted […]