By Paresh Dave OAKLAND, Calif. (Reuters) – Delta Air Lines Inc, Kellogg Co and several big ad agencies on Monday pledged to counteract unwanted biases in the algorithms that power their online advertising. The action, announced as part of an ad industry conference in Cannes, France, is one of the biggest steps taken to ensure …
Delta, Kellogg join IBM pledge to fight bias in online ad targeting Read More »
By Josh Ye and Yingzhi Yang HONG KONG (Reuters) – China’s Tencent Holdings announced to its staff on Monday the official formation of an “extended reality” (XR) unit, three people familiar with the matter said, formally placing its bets on the metaverse concept of virtual worlds. The unit is tasked with building up the extended …
Tencent forms ‘extended reality’ unit as metaverse race gathers steam – sources Read More »
By Chen Aizhu SINGAPORE (Reuters) – China’s crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies amid sanctions on Moscow over its invasion of Ukraine. Imports of Russian oil, including supplies pumped via …
China May oil imports from Russia soar to a record, surpass top supplier Saudi Read More »
JAKARTA (Reuters) – Jakarta’s commercial court has delayed for a week the ratification of Garuda Indonesia’s deal to restructure the airline’s more than $9 billion debt due to objections from two creditors, an administrator said on Monday. The deal, which Garuda secured after most of its creditors voted to approve its restructuring proposal last week, …
Court delays Garuda Indonesia’s debt deal ratification for a week Read More »
By Tommy Wilkes LONDON (Reuters) – Stock markets chalked up modest gains on Monday after last week’s hefty losses as investors braced for a host of U.S. Federal Reserve speakers this week, where they could underline a commitment to fight inflation whatever rate pain required. Trading was thinned by a U.S. holiday. The euro was …
Stocks stage small bounce as investors weigh cenbanks’ next moves Read More »
By Sophie Yu and Brenda Goh BEIJING (Reuters) – High-end home appliances and camping gear were among Chinese shoppers’ most sought after buys during the “618” shopping festival, according to e-commerce platforms, in a sign of how China’s COVID-19 curbs are driving lifestyle changes. The event was the first major shopping festival to take place …
Chinese splash out on tech goods, camping gear in shopping fest Read More »
By Alun John and Elizabeth Howcroft LONDON/HONG KONG (Reuters) – The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout. Bitcoin, the world’s biggest cryptocurrency, was trading just under the symbolic level of …
Crypto industry fears contagion as bitcoin slips under $20,000 Read More »
DOHA (Reuters) – The head of the world’s biggest airline trade body said on Monday that he remains confident that the industry will return to profitability in 2023, even though there may still be a disconnect between capacity and demand until the first quarter. Speaking on a panel in Doha, International Air Transport Association (IATA) …
Head of airlines group IATA confident industry will return to profitability in 2023 Read More »
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank hoped to respond appropriately on currency markets in close coordination with the government, issuing a fresh warning against recent sharp yen falls. “I told the prime minister that recent rapid yen moves were undesirable,” Kuroda …
BOJ and govt closely coordinating on FX, Kuroda says after meeting PM Read More »
By Chen Lin and Bernadette Christina SINGAPORE/JAKARTA (Reuters) -Indonesian authorities hope to reach an agreement with Singapore to start exporting chickens within weeks, officials said, as the city-state scrambles to find alternative supply sources after another neighbour Malaysia restricted sales. In a further sign of growing global food shortages and supply chain issues, Malaysia halted …
Indonesia looks to export chickens to shortage-hit Singapore Read More »
