By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon has cut jobs in its books division, including at its Goodreads review site and Kindle units, the company said on Thursday. The Seattle-based retailer said that fewer than 100 workers were impacted and the move was meant to improve efficiency and streamline operations. “As part of our ongoing …
Amazon cuts more jobs, this time in books division Read More »
LONDON (Reuters) -Amazon has committed to do more to tackle fake reviews, including sanctioning British businesses that boost their ratings through bogus posts, the country’s competition watchdog said on Friday. Following a four-year probe, the Competition and Markets Authority (CMA) said Amazon’s undertakings also addressed its concerns about ‘catalogue abuse’ where sellers use the reviews …
UK secures action from Amazon to tackle fake reviews Read More »
By Elizabeth Howcroft (Reuters) -Britain’s financial watchdog has joined forces with foreign regulators to crack down on people who promote financial products on social media without authorisation, and will make 650 requests for platforms to remove content, it said on Friday. The Financial Conduct Authority said it had teamed up with regulators from Australia, Canada, …
UK targets rogue ‘finfluencers’ in joint action with foreign regulators Read More »
By Ananya Mariam Rajesh (Reuters) -Lululemon cut its profit forecast for the year, hurt by higher costs to mitigate U.S. tariffs and as tepid demand for its latest products failed to draw away buyers from upstart athleisure rivals such as Vuori. Lululemon Athletica’s shares slumped 22% in trading after the bell on Thursday. “We experienced …
Lululemon tumbles as slowing demand, tariff costs prompt annual profit cut Read More »
(Reuters) -The U.S. Treasury Department said on Thursday that no major U.S. trading partners manipulated their currencies in the four quarters through to the end of December but it has expanded its monitoring list to nine countries. The release is the first semi-annual currency report since Donald Trump’s return to the White House and the …
Factbox-US finds no currency manipulators, adds Ireland, Switzerland to monitoring Read More »
LONDON (Reuters) -Britain banned Thames Water and five other water companies from paying bonuses to their bosses because they had failed to tackle pollution, in its latest effort to overhaul the industry’s poor environmental record. The government has said the water industry in England and Wales is broken. Thames Water is at the centre of …
UK bans bonuses at Thames Water and five others for pollution failures Read More »
By Isabelle Yr Carlsson and Milan Strahm BRUSSELS (Reuters) -The European Union will work with international partners to boost its competitiveness and promote a rules-based global digital order, EU tech chief Henna Virkkunen said on Thursday, a move aimed at offsetting turbulent ties with the United States. The U.S. administration has in recent months criticised …
EU a ‘reliable partner’ for digital cooperation amid turbulence, tech chief says Read More »
MILAN (Reuters) -Calvert and New York City Comptroller Brad Lander will vote in favour of Italian merchant bank Mediobanca’s bid for private bank Banca Generali on June 16, the two U.S. funds said on their respective websites on Thursday. Mediobanca in April proposed buying Banca Generali from insurer Generali as it seeks to stave off …
U.S. funds Calvert, NYC Comptroller to back Mediobanca’s bid for Banca Generali Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist There was plenty of meaty news for investors to get their teeth into on Thursday – U.S. President Donald Trump and Chinese Premier Xi Jinping’s long-awaited phone call, a rate cut and guidance …
GDANSK (Reuters) -Poland’s biggest game developer CD Projekt said on Thursday that “Cyberpunk 2077: Ultimate Edition” had been launched on the Nintendo Switch 2 console, bringing it to Nintendo players for the first time. Back catalogue sales have become more important for developers due to the increasing number of delays to new games. Last month, …
CD Projekt launches Cyberpunk 2077 game on Nintendo Switch 2 Read More »
