BLUX

Medical device makers abandon products as EU legislation wreaks havoc

Medical device makers abandon products as EU legislation wreaks havoc

LONDON, Dec 19 (Reuters) – Nicola Osypka’s German company has been selling medical devices used in newborn surgeries in Europe for decades, but new European Union rules have forced it to make tough decisions . Under regulations to prevent another health scandal, like the one in 2010 involving ruptured breast implants made by Poly Implant …

Medical device makers abandon products as EU legislation wreaks havoc Read More »

Exclusive: China prepares $143 billion package for its chip companies in the face of US restrictions

Exclusive: China prepares $143 billion package for its chip companies in the face of US restrictions

HONG KONG, Dec 13 (Reuters) – China is working on a more than one trillion yuan ($143 billion) support package for its semiconductor industry, three sources said, in a major step towards self-sufficiency in chips and to counter US measures aimed at slowing down its technological advances. Beijing plans to roll out what will be …

Exclusive: China prepares $143 billion package for its chip companies in the face of US restrictions Read More »

United Airlines places big order from Boeing, includes 100,787 Dreamliners

United Airlines places big order from Boeing, includes 100,787 Dreamliners

NORTH CHARLESTON, SC/CHICAGO, Dec 13 (Reuters) – United Airlines (UAL.O) said on Tuesday it has ordered 100 Boeing (BA.N) 787 Dreamliners and 100 737 MAX aircraft as it pushes for post- pandemic and replaces older, less -efficient aircraft. The Chicago-based airline’s 200-plane order is worth around $43 billion at list prices and represents a big …

United Airlines places big order from Boeing, includes 100,787 Dreamliners Read More »

Musk delivers first Tesla truck, but no updates on production, pricing

Musk delivers first Tesla truck, but no updates on production, pricing

Tesla ships first Semi to PepsiCo five years after unveiling it No details on electric truck controls or capacity Semi uses existing Tesla motors to come up with a new Supercharger Dec 1 (Reuters) – Tesla Inc’s (TSLA.O) chief executive Elon Musk delivered the company’s first heavy-duty to PepsiCo (PEP.O) on Thursday without offering an …

Musk delivers first Tesla truck, but no updates on production, pricing Read More »

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholder Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC Read More »