BEIRUT (Reuters) – Fifteen years after the assassination of former Lebanese Prime Minister Rafik al-Hariri, Hezbollah has risen to power in a country that is now collapsing in the midst of a series of devastating crises. FILE PHOTO: A general view shows the damaged port area in the aftermath of …
Read More »Exclusive: GM bet on electric Cadillacs and micro vans to return China’s slide
SHANGHAI (Reuters) – General Motors (GM.N) renews its Chinese line-up with a greater emphasis on electric cars and smart-drive technology to put a slump in sales after more than two decades of growth in a country that contributes nearly a fifth of its profits. PHILO PHOTO: A new GM Cadillac …
Read More »Exclusive: Amazon in talks to invest in cloud service company Rackspace, say sources
(Reuters) – Amazon.com Inc. is in preliminary talks to invest in U.S. cloud service provider Rackspace Technology Inc., people familiar with the discussion said Monday. PHILO PHOTO: Signage seen at an Amazon facility in Bethpage on Long Island, New York, USA, March 17, 2020. REUTERS / Andrew Kelly The deal …
Read More »Tech driven ‘everything is amazing’ rally looks unstoppable
LONDON (Reuters) – Today’s $ 72 trillion investor question: To buy or not to buy in global equities? Despite inflated stock prices, politics and the pandemic, the answer of many is a resounding “yes.” FILE PHOTO: Apple logo displayed in the Apple Store at The Marche Saint Germain in Paris, …
Read More »US states seek $ 2.2 trillion from OxyContin maker Purdue Pharma: filings
NEW YORK (Reuters) – US states claim $ 2.2 trillion in damages for OxyContin maker Purdue Pharma LP’s suspected role in America’s opioid epidemic, accusing drugmaker in new submissions press presenting painkillers on physicians and patients while playing the risks of abuse and overdose. FILE PHOTO: Bottles Prescribed Painkillers OxyContin …
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