Top News

Responsive image

Wall St ends higher with earnings poised to ramp up

Reuters | July 17, 2023

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks ended higher to kick off the trading week on Monday, buoyed by gains in financial and technology shares as investors awaited the next round of quarterly results this week as earnings season gathers speed. Companies scheduled to report earnings this week include Tesla and Netflix, while […]

Responsive image

Foxconn dumps $19.5 billion Vedanta chip plan in blow to India

Reuters | July 11, 2023

By Ben Blanchard, Munsif Vengattil and Aditya Kalra TAIPEI/BENGALURU (Reuters) -Taiwan’s Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, it said on Monday, in a setback to Prime Minister Narendra Modi’s chipmaking plans for India. The world’s largest contract electronics maker signed a pact with Vedanta last year […]

Responsive image

US weekly jobless claims post biggest drop in 20 months as economy shows stamina

Reuters | June 29, 2023

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week by the most in 20 months, the latest sign of the economy’s resilience that could push the Federal Reserve to resume raising interest rates in July. The unexpected decline in applications reported by the Labor Department […]

Responsive image

Indian PM Modi wraps up Washington trip with appeal to tech CEOs

Reuters | June 23, 2023

By Steve Holland, Simon Lewis and Jeff Mason WASHINGTON (Reuters) -Indian Prime Minister Narendra Modi met with U.S. and Indian technology executives in Washington on Friday, the final day of a state visit where he agreed new defense and technology cooperation and addressed challenges posed by China. U.S. President Joe Biden rolled out the red […]

Responsive image

Chinese President Xi meets Bill Gates, calls him ‘an old friend’

Reuters | June 16, 2023

BEIJING (Reuters) -Chinese President Xi Jinping called Bill Gates “an old friend” and said he hoped they could cooperate in a way that would benefit both China and the United States, in Xi’s first meeting with a foreign entrepreneur in years. In a meeting at Beijing’s Diaoyutai state guest house, where China’s leaders have traditionally […]

Responsive image

Big Tobacco faces big EU counterfeit problem

Reuters | June 1, 2023

By Richa Naidu, Emma Pinedo and Emilio Parodi MADRID (Reuters) – Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth of tobacco leaf and illicit cigarettes. At one, in the northern town of Alfaro, they found 10 Ukrainian workers, five of them war refugees, who’d been […]

Responsive image

U.S. Democrats warn Biden against toughening aid for the poor

Reuters | May 19, 2023

By Richard Cowan, Leah Douglas WASHINGTON (Reuters) -Democrats in the U.S. Congress expressed frustration with President Joe Biden’s willingness to engage with Republicans demanding tougher work requirements for food aid recipients as part of any deal to raise the nation’s debt ceiling. They have stopped short of threatening to block such moves, as talks on […]

Responsive image

Microsoft hits back at UK after Activision acquisition blocked

Reuters | April 27, 2023

By Paul Sandle LONDON (Reuters) – Microsoft’s president Brad Smith said the UK regulator’s decision to prevent its acquisition of ‘Call of Duty’ maker Activision Blizzard “had shaken confidence” in Britain as a destination for tech businesses. The Competition and Markets Authority (CMA), which operates independently from government, blocked the deal on Wednesday, saying it […]

Responsive image

US labor market cooling; leading indicator flashes recession

Reuters | April 20, 2023

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting the labor market was gradually slowing as the Federal Reserve’s year-long interest rate hiking campaign dampens demand. Though measured, the loss of labor market momentum added to slumping retail sales and manufacturing activity in […]

Next Page »