By Joshua Schneyer, Mica Rosenberg and Kristina Cooke NEW YORK (Reuters) -Hyundai Motor Co said it is in talks with the U.S. Department of Labor to resolve concerns about child workers in its U.S. supply chain, and the company is taking corrective actions after a Reuters investigation found children as young as 12 working in …
Hyundai in talks with U.S. Labor Department over Alabama child labor Read More »
By Martin Coulter and Greg Bensinger LONDON (Reuters) -A selloff of Alphabet Inc shares knocked $100 billion in market value from Google’s parent company on Wednesday after its new chatbot shared inaccurate information in a promotional video and a company event failed to dazzle, feeding worries the tech giant is losing ground to rival Microsoft …
Alphabet shares dive after Google AI chatbot Bard flubs answer in ad Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar was little changed to marginally higher on Wednesday as investors paused selling the greenback a day after Federal Reserve Chair Jerome Powell did not significantly change his interest rate outlook despite a strong U.S. jobs report last week. The greenback’s outlook, however, remained tilted to the …
U.S. dollar flat to moderately higher, weak outlook intact on Fed outlook Read More »
By Laura Sanicola (Reuters) -Oil rose for a third straight day on Wednesday as investors felt more comfortable with risk a day after the Federal Reserve chair’s remarks eased concerns about future interest rate hikes. Comments from U.S. Federal Reserve Chair Jerome Powell on Tuesday were seen as less hawkish than feared, boosting risk appetite …
Oil settles up for third day as interest rate concerns ease Read More »
(Corrects syntax in headline and paragraph 1) (Reuters) – Netflix Inc on Wednesday laid out plans to crack down on password sharing for accounts on its streaming platform, including setting up primary location and paying a couple of dollars for an extra member. The video-streaming giant, which has estimated that 100 million around the world …
Netflix lays out plans to crack down on account sharing Read More »
(Reuters) -Uber Technologies Inc said on Wednesday it would focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for airport and office rides helped the company rebound from pandemic lows. Uber’s shares rose nearly 4% at midday after the rideshare giant reported a surprise fourth-quarter profit …
Uber focuses on 2023 profits as pandemic pain eases Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Chinese social media company TikTok is likely to be subject to stricter EU online content rules because its number of active users exceed a threshold set out under the Digital Services Act (DSA), a senior executive at the company said on Wednesday. The landmark rules take a tougher …
TikTok expects to be subject to stricter EU online content rules Read More »
(Reuters) – India’s southern Karnataka state is in serious talks with Taiwan’s Foxconn over investment plans, Chief Minister Basavaraj Bommai said on Wednesday, potentially setting it up as the Indian third state to host Foxconn. “We are in serious discussion of investment plans with Hon Hai Technology Group (Foxconn) at their Taiwan HQ & look …
Foxconn in talks to invest in India’s Karnataka state Read More »
By Yuka Obayashi TOKYO (Reuters) – Japan’s Sumitomo Metal Mining on Wednesday increased its forecasts for full-year net profit and dividend thanks to stronger-than-expected prices of nickel, copper and gold. Net profit is now predicted at 158 billion yen ($1.2 billion) for the year to March 31, up 15% from its November guidance of 137 …
Japan’s Sumitomo Metal raises FY profit forecast on higher prices Read More »
SHANGHAI/BEIJING (Reuters) – China’s passenger car sales slumped 38% in January, reversing a 2.4% gain in the previous month, industry data showed on Wednesday, as demand weakened after a tax cut on combustion engine cars and subsidies on electric vehicles (EV) expired. Sales of new energy cars that include pure battery EVs and plug-in hybrids …
China car sales plunge 38% in January as subsidies, tax cut end Read More »
