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July 1, 2022

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‘Top Gun: Maverick’ Soars Past $1 Billion, Overtakes ‘Doctor Strange 2’ as the Highest-Grossing Movie of the Year Globally

Reuters
LOS ANGELES, June 26 (Variety.com) – Paramount’s all-American blockbuster “Top Gun: Maverick” is still flying high at the box office, crossing the coveted $1 billion over the weekend. With those ticket sales, the movie has overtaken Disney’s Marvel adventure “Doctor Strange in the Multiverse of Madness” ($943 million) as the......

Sony, Honda sign JV to sell electric cars by 2025

Reuters
June 17 (Reuters) – Japan’s Sony (6758.T) and Honda Motor (7267.T) on Thursday officially agreed to an equally owned joint venture that will start selling electric cars in 2025. Honda, like bigger rival Toyota Motor (7203.T), has been slower to shift to electric vehicles (EV) than global automakers and is......

U.S. bill to rein in Big Tech backed by dozens of small and big companies

Reuters
WASHINGTON, June 13 (Reuters) – Dozens of companies and business organizations sent a letter to U.S. Congress members on Monday, urging them to support a bill that would rein in the biggest tech companies such as Amazon.com (AMZN.O) and Alphabet’s (GOOGL.O) Google. Last week, Democratic U.S. Senator Amy Klobuchar and......

‘Top Gun’ heirs sue Paramount over ‘Top Gun: Maverick’

Reuters
June 6 (Reuters) – The family of the author whose article inspired the 1986 Tom Cruise movie “Top Gun” on Monday sued Paramount Pictures for copyright infringement over this year’s blockbuster sequel “Top Gun: Maverick.” According to a complaint filed in Los Angeles federal court, the Paramount Global (PARA.O) unit......

Japan’s Panasonic sees global car output improving this business year

Reuters
June 1 (Reuters) – Panasonic Holdings Corp (6752.T), which makes batteries for Tesla and other automakers, said on Wednesday it expected global car production to recover this fiscal year, but predicted that the two-year long chip shortage would continue. “We will be running our business as we consider risks of......

Computer chip giant ASML places big bets on a tiny future

Reuters
VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on......

U.S. files third labor complaint in Mexico, on behalf of Panasonic workers

Reuters
MEXICO CITY, May 18 (Reuters) – U.S. labor officials asked Mexico on Wednesday to probe whether workers at a Panasonic (6752.T) auto parts factory were denied their rights, marking the third U.S. labor complaint under a new trade deal that aims to improve workplace conditions in Mexico. The request from......

Canon loses court challenge against EU fine over 2016 acquisition

Reuters
People are silhouetted against a display of the Canon brand logo at the CP+ camera and photo trade fair in Yokohama, Japan, February 25, 2016. REUTERS/Thomas Peter/Fies Register now for FREE unlimited access to Reuters.com Register BRUSSELS, May 18 (Reuters) – Japanese camera and printer maker Canon (7751.T) lost its......

UAE President and pro-West moderniser Khalifa dies

Reuters
Khalifa had rarely been seen in public since 2014 Death not expected to change domestic, foreign policy De facto ruler MBZ expected to be chosen president Biden lauds Khalifa as a true partner of US ABU DHABI, May 13 (Reuters) – United Arab Emirates President Sheikh Khalifa Bin Zayed Al......

Sony aims to sell 18 million PS5 consoles this year amid China lockdown risk

Reuters
TOKYO, May 10 (Reuters) – Sony Group Corp (6758.T) on Tuesday said it planned to sell 18 million PlayStation 5 consoles this business year as robust game sales helped it more than double fourth-quarter operating profit. The Japanese company, however, warned that it could be forced to revise that production......

Mexican union calls for U.S. probe into alleged labor abuses at Panasonic plant

Reuters
MEXICO CITY, April 18 (Reuters) – A Mexican union on Monday asked the U.S. government to investigate a Panasonic plant for alleged worker rights abuses, the latest in a series of disputes seeking to leverage a new trade deal to improve workplace conditions in Mexico. In a petition to U.S.......

China uses AI software to improve its surveillance capabilities

Reuters
BEIJING, April 8 (Reuters) – Dozens of Chinese firms have built software that uses artificial intelligence to sort data collected on residents, amid high demand from authorities seeking to upgrade their surveillance tools, a Reuters review of government documents shows. According to more than 50 publicly available documents examined by......

Analysis: Sony launches Game Pass counterattack with subscription service upgrade

Reuters
Revamped service will not include new releases -exec Service includes hits such as “Spider-Man: Miles Morales” Gaming margins likely to improve as Sony users upgrade -analyst Service priced competitively compared to Game Pass -analysts TOKYO/LOS ANGELES, March 29 (Reuters) – Sony Group Corp’s (6758.T) revamp of its PlayStation subscription service......

‘Meme stock’ rally redux? GameStop, AMC shares rocket higher

Reuters
NEW YORK, March 23 (Reuters) – More than a year after retail investors, aided by social media, forced an epic squeeze of a handful of heavily shorted stocks, a few of the famous “meme” stocks were back in the fast lane this week. GameStop Corp (GME.N)surged 14.5% on Wednesday and......

Japan manufacturers restart some of the northeast’s quake-hit plants

Reuters
TOKYO, March 18 (Reuters) – Japanese manufacturers began restarting production at some of the plants that were halted following an earthquake that jolted the country’s northeast late on Wednesday. Murata Manufacturing Co Ltd (6981.T), the top global supplier of ceramic capacitors used in smartphones and cars, said it is restarting......

YouTube blocks Russian state-funded media channels globally

Reuters
YouTube app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register OAKLAND, Calif., March 11 (Reuters) – YouTube is immediately blocking access around the world to channels associated with Russian state-funded media, it said on Friday,......

Japan’s Uniqlo makes U-turn to exit Russia as Britain hits oligarchs

Reuters
March 10 (Reuters) – Japanese brands Uniqlo and Japan Tobacco made U-turns and said they were stopping business in Russia, joining the corporate crowd shunning Moscow on Thursday, and Britain escalated sanctions against oligarchs including Chelsea soccer club owner Roman Abramovich. Investment bank Goldman Sachs (GS.N) became the first U.S.......

Ukraine says Russia snubs plea for humanitarian access to besieged civilians

Reuters
Russian invasion enters third week Zelenskiy accuses Russia of genocide Russia bombs children’s hospital, city council says Russia says building no longer used as hospital Russia’s foreign minister arrives in Turkey for talks LVIV, Ukraine/ANTALYA, Turkey, March 10 (Reuters) – Ukraine said on Thursday Moscow had snubbed its plea for......

UK asks regulator to review licence of Russian channel RT – Johnson

Reuters
Vehicles of Russian state-controlled broadcaster Russia Today (RT) are seen near the Red Square in central Moscow, Russia June 15, 2018. REUTERS/Gleb Garanich/Files Register now for FREE unlimited access to Reuters.com Register UK asked regulator to look at RT – PM Johnson Minister warns RT is tool of Kremlin disinformation......

Amazon, Reliance set to lock horns over India’s cricket media rights

Reuters
A Mumbai Indians’ fan blows a horn as he arrives to watch the Indian Premier League (IPL) cricket match between the Mumbai Indians’ and Deccan Chargers at a stadium in Mumbai May 14, 2011. REUTERS/Stringer/File Photo Register now for FREE unlimited access to Reuters.com Register MUMBAI, Feb 20 (Reuters) –......

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