Reuters Company News

Nordic IT services house TietoEVRY said on Tuesday it had signed a new deal with IBM changing the scope and operating model of their co-operation and the companies dropping arbitration cases against each other.

South Korea said on Tuesday it would recommence proceedings against Japan at the World Trade Organization over export controls on some high-tech materials, adding that talks to resolve the dispute had so far failed to make progress.

Australian buy-now-pay-later (BNPL) company Zip Co Ltd said it will buy New York rival QuadPay Inc in an all-share deal that values the target at $269 million, joining a rush of Australian companies to tap the world's largest consumer market.

A British lawmaker who represents the area that includes Gatwick Airport said he hoped the quarantine plan for international travellers would be reviewed in the next few weeks and scrapped by July 1.

EDF Renewables and energy companies Enbridge Inc and wpd announced on Tuesday the start of construction of the Fecamp offshore wind farm in northern France.

French retailer Carrefour said on Tuesday it had agreed to buy food retailer Wellcome Taiwan from Asia's Dairy Farm, making it the number two player in Taiwan's convenience stores market.

* Says 10 of its rigs may be scrapped (Adds quote, detail, background)

* Final bidders to engage with stakeholders, aircraft financiers (Adds details on airline creditors, next steps for bidders)

Nordic IT services house TietoEVRY said on Tuesday it had signed a new deal with IBM changing the scope and operating model of their co-operation and the companies dropping arbitration cases against each other.

Japanese shares hit a more than three-month high on Tuesday as hopes for a global economic recovery bolstered expectations for a rebound in corporate earnings, with more countries gradually reopening after coronavirus-related lockdowns.

Virgin Australia Holdings Ltd's administrator said on Tuesday it had selected Bain Capital and Cyrus Capital Partners as the final bidders for the country's second-biggest airline.

* LECLANCHÉ ANNOUNCES STRATEGIC COMPANY REORGANIZATION ALONG WITH AN INDUSTRIAL PARTNERSHIP AGREEMENT WITH ENERIS GROUP AIMING AT CREATING A LEADING EUROPEAN BATTERY PARTNERSHIP

The amount of natural gas flowing on pipelines to U.S. liquefied natural gas export plants is at its lowest levels since August, a signal of weak worldwide demand due to government lockdowns to repress the coronavirus.

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

Zip Co Ltd said on Tuesday it will buy out buy-now-pay-later (BNPL) firm QuadPay in a stock deal valuing the New York-based company at $269 million, as the Australian firm looks to tap the fast-growing U.S.-market where its rivals are thriving.

The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

German automaker Volkswagen AG has closed its $2.6 billion investment in Argo AI, the Pittsburgh-based self-driving startup disclosed in a blog post on Tuesday.

Stitch Fix Inc said on Monday it plans to cut up to 1,400 jobs in California and invest in other U.S. states where the apparel seller would offer new roles to all those affected.

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Asian stocks eked out gains on Tuesday as investors' focus on the prospects of a global coronavirus recovery won out over familiar worries about Sino-U.S. relations and the depth of economic damage.