Mobile operator Veon to sell Russian assets worth around $2 billion

Mobile operator Veon to sell Russian assets worth around $2 billion

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 24 (Reuters) – Amsterdam-listed mobile operator Veon (VON.AS) said on Thursday it would sell its Russian business, Vimpelcom, to senior members of its management team, led by CEO Aleksander Torbakhov, to 130 billion rubles ($2.15 billion). … Read more

Younger Chinese are turning down the factory jobs that fuel the economy

Younger Chinese are turning down the factory jobs that fuel the economy

SHENZHEN, Nov 21 (Reuters) – Growing up in a Chinese village, Julian Zhu saw his father only a few times a year when he returned for holidays from his grueling job at a textile factory in the southern province of Guangdong. For his father’s generation, factory work was a lifeline from rural poverty. For Zhu, … Read more

Thales confirms that the hackers released his data on the dark web

Thales confirms that the hackers released his data on the dark web

Nov 11 (Reuters) – French defense and technology group Thales (TCFP.PA) said on Friday that the group’s data was released on hacker group LockBit 3.0’s “publishing platform”, confirming media reports. The data was released on November 10, said Thales, which provides advanced technologies in defense, aeronautics, space, transportation and digital security. “At this stage, Thales … Read more

As the yen plummets, gadget-loving Japan chooses second-hand iPhones

As the yen plummets, gadget-loving Japan chooses second-hand iPhones

TOKYO, Nov 8 (Reuters) – Japanese shoppers have been eagerly shelling out the latest gadgets for years, but now a falling yen has put new iPhones out of reach for some and sparked a growing second-hand trade in an important market for Apple Inc (AAPL. O). The drop in the Japanese currency to a 32-year … Read more

Buffett’s Berkshire loses money as stocks and Hurricane Ian offset the growing demand

Buffett's Berkshire loses money as stocks and Hurricane Ian offset the growing demand

Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) posted a $ 2.69 billion loss in the third quarter on Saturday as rising inflation, falling equity investments and a large loss caused by Hurricane Ian offset the improvement in many of the conglomerate’s activities. However, operating profit increased by 20%, exceeding analysts’ forecasts. Berkshire … Read more

Revenue from mobile phone provider Veon increased 3.6% in the third quarter

Revenue from mobile phone provider Veon increased 3.6% in the third quarter

Nov 3 (Reuters) – Amsterdam-listed telecom operator Veon (VON.AS) posted a 3.6% year-on-year increase in third-quarter revenue on Thursday as its 4G penetration and strategy digital operator continued to generate growth despite geopolitical challenges. Veon, which on Wednesday said it wanted to sell its Russian assets, posted revenues of $ 2.08 billion in the three … Read more

Cryptoverse: Bitcoin wants to break its link with stocks

Cryptoverse: Bitcoin wants to break its link with stocks

Nov 1 (Reuters) – After months of tears and tantrums, bitcoin wants to separate from equity markets. The cryptocurrency, which has been closely related to tech stocks for much of its torrid 2022, is staging one of its biggest efforts to break away. Its 30-day correlation with the Nasdaq (.IXIC) fell to 0.26 last week, … Read more