Sales in alternative revamp for TIM could raise at least 16 billion euros

© Reuters. FILE PHOTO: The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File Photo)’s (TIM) domestic retail business and its Brazilian unit could raise at least 16 billion euros ($16.96 billion), a former senior executive of the phone group said in an interview published on Thursday. The sales … Read more

Shell posts $6.2 billion third-quarter profit, announces $3.5 billion share buyback

People pump gas into their vehicles at a Shell petrol station on October 2, 2023 in Alhambra, California.on Thursday reported $6. 2 billion profit for the third quarter, roughly in line with estimates, as the company benefited from higher oil prices and refining margins.The company also announced a $3.5 billion share buyback to be carried … Read more

Japan unveils $113 billion package to cushion inflation

Fumio Kishida, Japan’s prime minister, reacts while delivering a policy speech during an extraordinary session at the lower house of parliament in Tokyo, Japan, on Monday, Oct. 23, 2023.Japanese Prime Minister Fumio Kishida said on Thursday the government will spend over 17 trillion yen, or $113 billion, on a package of measures to cushion the … Read more

Amazon enters new $15 billion credit facility

The e-commerce giant said in a regulatory filing Wednesday it had terminated its prior $10 billion credit agreement and entered the new five-year facility. Amazon also said it entered a new 364-day revolving credit agreement for up to $5 billion. The new shorter agreement replaces a prior $10 billion 364-day revolving facility.The company said it … Read more

Airbnb posts $4.4 billion 3Q profit with help from a tax break and higher-than-expected revenue

FILE – The Airbnb app icon is displayed on an iPad screen in Washington, D.C., on May 8, 2021. Airbnb reports earnings on Wednesday, Nov. 1, 2023. (AP Photo/Patrick Semansky, File)SAN FRANCISCO (AP) — Airbnb said Wednesday it earned $4.37 in the third quarter as it booked a large tax benefit and posted higher-than-expected revenue … Read more

GOP plan to fund Israel aid with IRS cuts would cost $90 billion, tax chief says

Seeking to pay for $14 billion in proposed aid to Israel sought by both parties, Speaker Mike Johnson (R-La.) on Monday unveiled legislation that would cut roughly $14 billion from funds recently approved by Democrats to expand the IRS. But, said the cuts would make the bill more expensive, by reducing audits of the wealthy … Read more

UK rips up state guarantees on nearly 1 billion pounds of COVID loans

Previously unreported figures obtained by Reuters under a Freedom of Information (FOI) request show that the state-owned British Business Bank (BBB) – which administers the loan schemes – has removed state guarantees from 10,786 loans worth a combined 979 million pounds as of Oct. 11, shielding taxpayers from some losses. Public officials have ratcheted up … Read more

As wars rage, Biden administration to make case for $106 billion for Ukraine, Israel

Arguing that supporting U.S. partners is vital to national security, Biden requested $61.4 billion for Ukraine, about half of which would be spent in the United States to replenish weapons stocks drained by previous support for Kyiv. Biden also asked for $14.3 billion for Israel, $9 billion for humanitarian relief — including for Israel and … Read more

Taiwanese chip firm to build a $5.3 billion factory in Japan as country seeks semiconductor boost

have chosen a site in northern Japan for an 800 billion yen ($5.3 billion) chip manufacturing plant, the two firms said Tuesday. The first phase of the project in the Miyagi Prefecture north of the capital Tokyo, will require a 420 billion yen investment. PSMC and SBI Holdings will pay for half of the cost … Read more

Nvidia’s $5 Billion of China Orders in Limbo After Latest U.S. Curbs

SINGAPORE—New U.S. export controls may compel artificial-intelligence giant Nvidia to cancel billions of dollars in next-year orders for its advanced chips to China, a move that could deprive Chinese tech companies of crucial AI resources. The Santa Clara, Calif.-based company had already finished delivering orders of its advanced AI chips to China for this year, … Read more