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May 23, 2022

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Wall Street ends mixed, Tesla falls

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Ross Stores plunges after cutting 2022 forecast May 20 (Reuters) – Wall Street ended mixed on......

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......

Biden arrives in S.Korea with first stop at Samsung

Reuters
OSAN AIR BASE, South Korea, May 20 (Reuters) – President Joe Biden arrived in South Korea on Friday, the first stop on his first trip to Asia as president, where his attempts to counter China’s influence and build economic ties are likely to be overshadowed by North Korean threats. Biden......

EXCLUSIVE U.S. aims to arm Ukraine with advanced anti-ship missiles to fight Russian blockade

Reuters
The U.S. Navy Arleigh-Burke-class guided missile destroyer USS Curtis Wilbur launches a Harpoon surface-to-surface missile during Pacific Vanguard (PACVAN) quadrilateral exercises between Australia, Japan, Republic of Korea, and U.S. Naval forces in the Philippine Sea May 26, 2019. Picture taken May 26, 2019. U.S. Navy/Mass Communications Specialist 1st Class Toni......

Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury

Reuters
May 18 (Reuters) – An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc (TSLA.O) from the widely followed S&P 500 ESG Index (.SPXESUP)because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk......

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......

Russia uses new laser weapons in Ukraine, Zelenskiy mocks ‘wonder weapon’

Reuters
Russia dips into its secret laser arsenal Zelenskiy mockingly compares laser use to Nazis’ wonder weapons Satellites 1,500 km away can be blinded LONDON, May 18 (Reuters) – Russia on Wednesday said it was using a new generation of powerful lasers in Ukraine to burn up drones, deploying some of......

Cisco shares plunge after China lockdowns, Ukraine crisis hits outlook

Reuters
The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, U.S., May 4, 2015. REUTERS/Jim Young Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Cisco Systems Inc (CSCO.O) cut its full-year earnings forecast on Wednesday......

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......

U.S. Treasury’s Yellen presses Poland on global minimum tax

Reuters
Treasury Secretary Janet Yellen testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled β€œThe Financial Stability Oversight Council Annual Report to Congress,” in Dirksen Senate Office Building in Washington, D.C.,U.S., May 10, 2022. Tom Williams/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register WARSAW,......

Beautiful song shows Ukraine’s bravery, NATO deputy says lauding Eurovision win

Reuters
BERLIN, May 15 (Reuters) – Eurovision and NATO might not usually be associated, but on Sunday the military alliance’s deputy chief congratulated Ukraine for winning the annual music contest with a “beautiful song”, calling it a testament to its bravery in fighting Russia. Foreign ministers from the 30-member alliance NATO......

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......

EXCLUSIVE Facebook-owner Meta tells hardware staffers to prepare for cutbacks

Reuters
Small figurines are seen in front of displayed Meta logo in this illustration taken February 11, 2022. REUTERS/Dado Ruvic/Ilustration Register now for FREE unlimited access to Reuters.com Register May 11 (Reuters) – Facebook-owner Meta Platforms Inc (FB.O) is preparing cutbacks in its Reality Labs division, a unit at the center......

DigitalBridge buys data center company Switch for $11 billion

Reuters
May 11 (Reuters) – DigitalBridge Group Inc (DBRG.N) has agreed to buy data center operator Switch Inc (SWCH.N) for $11 billion, including debt, marking the latest deal in the digital asset sector that has attracted large private equity firms and infrastructure funds. Boca Raton, Florida-based DigitalBridge and Australian infrastructure investor......

Toyota warns profit to skid 20% as raw materials costs pile up

Reuters
A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register Sees FY oper profit at 2.4 trillion yen vs 3 trillion yen yr-ago Q4 operating profit down 33% on year; shares......

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......

Kicking the China habit: South Korea hunts tungsten treasure

Reuters
S.Korean tungsten mine gets $100 million makeover Dozens of new mineral projects launched globally Green, digital booms fuel demand for rare minerals China is pre-eminent in critical minerals supply GRAPHIC-S.Korea’s reliance on China: SANGDONG, South Korea, May 9 (Reuters) – Blue tungsten winking from the walls of abandoned mine shafts,......

EXCLUSIVE Recruitment software maker iCIMS raises funding from TA Associates after pulling IPO

Reuters
May 5 (Reuters) – Recruitment software company iCIMS has raised fresh capital from U.S. private equity firm TA Associates after scrapping plans to go public, its chief executive told Reuters on Thursday. Already backed by private equity firm Vista Equity Partners, iCIMS did not disclose how much it raised from......

U.S. Congress edges toward massive China competition bill, with Iran votes

Reuters
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 4 (Reuters) – The U.S. Congress edged closer on Wednesday toward completing......

U.S. considers imposing sanctions on China’s Hikvision -FT

Reuters
Surveillance cameras are seen near the headquarters of Chinese video surveillance firm Hikvision in Hangzhou, Zhejiang province, China May 22, 2019. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register May 4 (Reuters) – The United States is moving towards imposing sanctions on Chinese video surveillance company Hikvision (002415.SZ),......

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