Press Digest: Wall Street Journal - Jan 3
03/01/2024 05:26
Jan 3 (Reuters) - The following are the top stories in
the Wall Street Journal. Reuters has not verified these stories
and does not vouch for their accuracy.
- Chinese automaker BYD 002594.SZ for the first time
topped Tesla TSLA.O as the world's largest seller of electric
vehicles in the fourth quarter, a sign of China's emerging
strength in the global market for battery-powered cars.
-Danish shipping giant A.P. Moeller-Maersk MAERSKb.CO said
it will pause all transit through the Red Sea and Gulf of Aden
until further notice following the attack on its vessel Maersk
Hangzhou on Dec. 30.
- Harvard University President Claudine Gay resigned from
her role Tuesday, capping a fall from power fueled by both her
response to antisemitism on campus and mounting allegations of
plagiarism.
- Outback Steakhouse owner Bloomin' Brands BLMN.O has
appointed two new members of its board as part of an agreement
with activist investor Starboard Value and said it would form an
operating committee on its board to identify potential
improvement points.
- A dearth of initial public offerings in Hong Kong is
causing companies to suffer cash crunches and put off expansion
plans, showing how the steep market downturn is taking a toll on
businesses that need to raise money.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))