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ZURICH, Jan 16 (Reuters) – Siemens has signed a 3 billion euro ($3.25 billion) contract to supply and service freight trains in India, the German engineering company said on Monday, the biggest locomotive deal in its history. Siemens will deliver 1,200 electric locomotives and provide servicing for 35 years under the agreement, also its biggest… Continue reading Untitled

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PARIS, Jan 16 (Reuters) – France’s labour unions have made a rare joint call for major strike action on Thursday against plans by President Emmanuel Macron’s government to reform the pension system and raise the retirement age. The largest CFDT union has described the day as a starting point while other unions have announced specific… Continue reading Untitled

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Summary Companies Q4 revenue +14.8% y/y, -10% q/q 2023 capex $3 bln vs $2.7 bln in 2022 ‘Challenging environment’ to persist in Q1 TAIPEI, Jan 16 (Reuters) – Taiwanese chipmaker United Microelectronics Corp (UMC) (2303.TW) said on Monday it was implementing strict cost controls because of soft demand and a weak outlook, in a further… Continue reading Untitled

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TOKYO, Jan 16 (Reuters) – Toyota Motor Corp (7203.T) on Monday said it expects to produce as many as 10.6 million vehicles this year, while warning of downward risk to its projection if it faces an impact from parts supply shortages. The car giant said that it set a baseline production volume with a downward… Continue reading Untitled

China lifts ban on ride-hailing giant Didi’s new user registration -company statement, article with image

Jan 16 (Reuters) – China’s ride hailing giant Didi Global said in a statement on Monday it would be allowed to resume new user registration, after a more than year-long ban that curbed its growth. The company would take effective measures to ensure platform safety and data security, and safeguard national cyberspace security, it said… Continue reading China lifts ban on ride-hailing giant Didi’s new user registration -company statement, article with image

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Google-backed ShareChat cuts 20% of workforce, article with image

BENGALURU, Jan 16 (Reuters) – India’s ShareChat, a short video-sharing platform backed by Google (GOOGL.O) and Temasek, said on Monday it let go of around 20% of its employees, as startups face increasing pressure from investors to cut costs. “There is a growing market consensus that the current global economic downturn would be a much… Continue reading Google-backed ShareChat cuts 20% of workforce, article with image

Wafer maker IQE flags potential demand hit in first half of 2023 fiscal

Jan 16 (Reuters) – IQE Plc (IQE.L) said on Monday it expected destocking in the wider industry to weigh on demand from its existing customers in the first half of the current fiscal year, after the chip components supplier forecast an 8% revenue growth in 2022. The company, which makes semiconductor wafers for chips used… Continue reading Wafer maker IQE flags potential demand hit in first half of 2023 fiscal