By Alexandra Alper, Stephen Nellis and David Shepardson (Reuters) – Intel Corp Chief Executive Pat Gelsinger plans to attend a virtual White House meeting on the global chip shortage on Thursday, along with representatives from...
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Italy’s Enel spins off new firm for digital grid services – report
ROME (Reuters) -Europe’s biggest utility Enel has set up a new company dedicated to digital grid services, which aims to have a revenue of 1.5 billion euros ($1.76 billion) by 2030, newspaper Il Sole 24 Ore reported on Wednesday....
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California governor signs legislation to protect warehouse workers
(Reuters) -California Governor Gavin Newsom on Wednesday signed a bill that limits warehouse employers like Amazon.com Inc from setting productivity quotas, the first legislation of its kind in the United States. The new provisions...
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SoftBank-backed Oyo to file for $1.2 billion IPO next week – source
By Chandini Monnappa BENGALURU (Reuters) -SoftBank Group-backed Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering (IPO) next week to raise around $1 billion, a source told Reuters on...
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Supply chain snarls could cost automakers $210 billion this year, forecast finds
By Joseph White DETROIT (Reuters) – Global automakers could lose $210 billion in revenue this year because of supply chain disruptions, nearly double a forecast earlier this year, consulting firm Alixpartners said Thursday. A...
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Restaurant-software maker Toast valued at nearly $33 billion as shares surge in debut
By Sohini Podder, Echo Wang and Krystal Hu (Reuters) -Toast Inc fetched a valuation of nearly $33 billion in its New York Stock Exchange debut on Wednesday, as shares of the restaurant software provider jumped 63%, underscoring a deep...
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