Stuff that matters
Flutter Entertainment Plc said as many as 200 jobs are at risk after a review of its operations in the UK and Ireland. Some staff could be moved to more profitable and emerging parts of the business, Chief Executive Officer Read more
The South African government received an unsolicited bid for its 40.5% stake in Telkom SA SOC Ltd., following an announcement that MTN Group Ltd. is planning to acquire part of the carrier. Investment firm Toto Consortium made an offer valued Read more
South Korea’s biggest electric-car battery makers and Hyundai Motor Co. have expressed concern over new US legislation aimed at boosting domestic production of EVs and reducing the use of Chinese materials, moves they say could hurt their competitiveness. Korean trade Read more
Huawei Technologies Co. reported its first quarterly sales rise since the end of 2020, as the Chinese telecom gear giant fights to survive the US blacklisting that sank its smartphone business. Revenue ticked up by 1% to 170.6 billion yuan Read more
Taiwan cut its forecast for 2022 growth for a second time as slowing global demand for electronics, high inflation and rising geopolitical pressure from China cloud the economy’s outlook. Gross domestic product is likely to grow 3.76% for the year, Read more
Italy’s far-right Brothers of Italy party, which is leading polls ahead of snap elections next month, is promoting a plan to take Telecom Italia SpA private and sell off the phone company’s assets in a bid to cut its debt Read more
Shares of digital payments provider Paytm dropped the most in a fortnight after a proxy advisory firm asked shareholders to replace founder Vijay Shekhar Sharma as the company’s chief executive officer. Shareholders should vote against Sharma’s reappointment, and the board Read more