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October 22, 2021

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Walmart’s corporate workers to start returning to offices next month

Reuters
The logo of a Walmart Superstore is seen during the outbreak of the coronavirus disease (COVID-19), in Rosemead, California, U.S., June 11, 2020. Picture taken June 11, 2020. REUTERS/Mario Anzuoni/Files Oct 22 (Reuters) – Walmart Inc’s (WMT.N) U.S. corporate workers will start working at the retailer’s offices from Nov. 8......

Labour union urges European authorities to widen Amazon antitrust probe after Reuters story

Reuters
The logo of Amazon is seen at the company logistics centre in Boves, France, October 6, 2021 REUTERS/Pascal Rossignol NEW DELHI, Oct 22 (Reuters) – A global trade union for the services sector on Friday urged European authorities to widen their antitrust investigation of Amazon.com Inc (AMZN.O) to assess if......

Intel shares sink as chipmaker predicts lower margins in years ahead

Reuters
Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song/Files Oct 21 (Reuters) – Intel Corp (INTC.O) on Thursday forecast lower profit margins for years to come as......

EV truck maker Rivian plans in-house battery cell manufacturing

Reuters
The Rivian R1T all-electric truck is pictured at an event, held by the electric vehicle startup, for customers who preordered the truck, in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino/File Photo/File Photo SAN FRANCISCO, Oct 1 (Reuters) – Electric truck maker Rivian Automotive, which currently sources batteries from......

H&M’s September sales dented by supply delays after profit tops pre-pandemic level

Reuters
H&M reports Q3 pretax profit of 6.1 bln SEK Sector recovering from slump as restrictions ease Global supply issues meant demand not fully met in September Shares unchanged STOCKHOLM, Sept 30 (Reuters) – Supply disruptions hampered H&M’s (HMb.ST) sales in September, the Swedish retailer said on Thursday, after its June-August......

Japan e-commerce giant Rakuten to list online bank

Reuters
The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey/File Photo TOKYO, Sept 30 (Reuters) – Japanese e-commerce firm Rakuten Group Inc (4755.T) said on Thursday it is preparing to list its online banking unit, raising funds as it soaks up......

Amazon settles with employees allegedly fired for criticizing working conditions

Reuters
Sept 29 (Reuters) – Amazon.com Inc (AMZN.O) and the U.S. National Labor Relations Board (NLRB) said on Wednesday the company had reached a settlement with two former employees who alleged they were fired last year after they criticized the working conditions at the e-commerce giant’s warehouses. Amazon had terminated the......

S&P 500, Dow gain amid inflation concerns, debt ceiling debate

Reuters
Dow top gainer, boosted by Boeing Fed Chair Powell expresses frustration over supply chain woes Indexes: Dow up 0.26%, S&P rises 0.16%, Nasdaq off 0.24% NEW YORK, Sept 29 (Reuters) – Wall Street ended firmer on Wednesday in a partial rebound from the previous day’s broad sell-off, with remarks from......

Lucid to start deliveries of electric cars with range exceeding Tesla’s in October

Reuters
CASA GRANDE, Ariz., Sept 28 (Reuters) – U.S. startup Lucid Group Inc (LCID.O) said on Tuesday it will start delivering luxury electric sedans with a Tesla-beating driving range in late October, posing a major challenge to the market leader whose sales of premium models have stagnated. The California-based Lucid began......

Amazon launches robot to roll around house, Disney resort voice assistant

Reuters
Sept 28 (Reuters) – Amazon.com Inc (AMZN.O) on Tuesday announced a household, canine-like robot called Astro and a deal with Walt Disney Co(DIS.N) to imbue its voice-controlled tech in resort hotels, striving to make its virtual aide Alexa a bigger part of consumers’ lives. The home robot is designed to......

Pandemic pushes Chinese tech giants to roll out more courier robots

Reuters
Alibaba, Meituan, JD.com to operate over 2,000 robots by 2022 Executives said encouraged by falling costs, pandemic Robot deliveries are safer, but less efficient -consumers BEIJING, Sept 28 (Reuters) – More than a thousand robots are set to join the delivery personnel ranks of Chinese behemoths Alibaba (9988.HK), Meituan (3690.HK)......

Amazon to start offering insurance to UK businesses -broker

Reuters
The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, February 20, 2017. REUTERS/Pascal Rossignol/File Photo LONDON, Sept 27 (Reuters) – Amazon.com Inc (AMZN.O) is to start offering insurance to small and medium-sized UK business customers, the technology giant’s first foray into business insurance in......

Some Apple, Tesla suppliers suspend production in China amid power pinch

Reuters
Sept 27 (Reuters) – Several Apple Inc (AAPL.O) and Tesla Inc (TSLA.O) suppliers have suspended production at some Chinese factories for a number of days to comply with tighter energy consumption policies, putting supply chains at risk in the peak season for electronics goods. Two major Taiwanese chipmakers, however, said......

Review: Hitting the brakes on tech’s runaway train

Reuters
MILAN, Sept 24 (Reuters Breakingviews) – Back in the 1880s, horses plied the roads of London and most people lived a rural life. Jump to the 1920s and the combustion engine, electricity and the telephone had taken hold and re-shaped society. Today we are undergoing an even faster period of......

Luxury group Kering to ditch fur completely

Reuters
PARIS, Sept 24 (Reuters) – France’s Kering (PRTP.PA) will stop using animal furs in all its collections, joining a growing list of luxury fashion houses to respond to customer demands for ethical and sustainable clothing and accessories. The decision comes four years after its star label Gucci announced it would......

Amazon launches service aggregating video streaming apps in India

Reuters
The logo of streaming service Amazon Prime Video is seen in this illustration picture taken March 5, 2021. REUTERS/Danish Siddiqui/File Photo NEW DELHI, Sept 24 (Reuters) – Amazon.com Inc (AMZN.O) launched in India on Friday eight global and local streaming services on its video platform, in a move aimed at......

White House prods companies on chips information request

Reuters
WASHINGTON, Sept 23 (Reuters) – The White House is pressing automakers, chip companies and others to cooperate in a bid for more information about the ongoing semiconductor crisis that has forced cuts to U.S. auto production, but made clear on Thursday that the industry needs to take the lead to......

Nike warns on holiday delays, cuts full-year sales estimate

Reuters
Nike shoes are seen displayed at a sporting goods store in New York City, New York, U.S., May 14, 2019. REUTERS/Mike Segar/File Photo Sept 23 (Reuters) – Nike Inc (NKE.N) on Thursday cut its fiscal 2022 sales expectations and said it expects delays during the holiday shopping season, blaming a......

New demographic data shows continued divide at Amazon

Reuters
Sept 23 (Reuters) – Amazon.com Inc’s (AMZN.O) executives ranks remained largely white, although the share of non-white executives rose modestly, while minorities continued to account for most of its blue-collar workforce as the online retailer grew rapidly during the COVID-19 pandemic, according to new company data. The disclosure made Amazon......

Australia’s Commonwealth Bank mocks Apple’s ‘pro-competition’ claim

Reuters
A customer holds the iPhone X during the global launch of the new Apple product in central Sydney, Australia, November 3, 2017. REUTERS/David Gray Apple welcomes competition if no one competes with Apple – CBA CBA wants Apple to open its NFC chip for other mobile payments Regulator probing Apple’s......

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