Author Archives: Reuters

AMS triggers bidding war for Osram

VIENNA: Shares in Osram soared after Austrian sensor maker AMS triggered a bidding war for the German lighting group, saying it was ready to trump Bain and Carlyle with a…

Singapore chipmakers cut jobs

SINGAPORE: Caught between a Sino-US trade war, political concerns over Chinese telecoms firm Huawei and slowing consumer demand, chipmakers in Singapore have started slowing production and laying off hundreds of…

Markets brace for volatility surge

LONDON: China’s decision to let its yuan plunge through a previously sacrosanct level means a titfor-tat trade conflict could morph into a currency war, injecting volatility into long-dormant foreign exchanges…

Insurers wary on new auto safety technology

RUCKERSVILLE (Virginia): Automakers are accelerating the rollout of technology designed to avoid crashes, but insurance companies are waving a caution flag at consumers eyeing discounts for buying collision-avoiding brakes or…

Airbus plans A321 Toulouse expansion

PARIS/MUNICH: Airbus is poised to open a new assembly line for the A321neo in Toulouse, France, easing a grip on production of the hot-selling jetliner enjoyed by workers in Germany…

Death toll from India floods rises to 95

KOCHI/BENGALURU: The death toll from floods in India’s states of Karnataka, Kerala and Maharashtra rose to 95, official figures showed yesterday, as heavy rain and landslides forced hundreds of thousands…