Category Archives:
Volkswagen to refocus on raising productivity, warns of challenging 2023 – finance chief
BERLIN (Reuters) - Volkswagen will refocus on raising productivity after numerous challenging years and is targeting margin parity between electric and combustion engine cars in 2-3 years if raw mater...
Dec 16, 2022
Germany ups reliance on Huawei for 5G despite security fears -survey
By Sarah Marsh BERLIN (Reuters) - Germany has become even more dependent on Huawei for its 5G radio access network equipment (RAN) than in its 4G network despite growing worries about Chinese involvem...
Dec 16, 2022
U.S. business activity slumps in December; price pressures ease – S&P Global survey
WASHINGTON (Reuters) - U.S. business activity contracted further in December as new orders slumped to the lowest level in just over 2-1/2 years, but softening demand helped to significantly cool infla...
Dec 16, 2022
Runners brave the cold for Antarctic Ice Marathon
(Reuters) - Courageous runners braved snow and freezing temperatures this week for the Antarctic Ice Marathon, won by Ireland's Sean Tobin who organisers said clocked a record time on the continent. T...
Dec 16, 2022
Commodity stocks drag TSX lower as recession fears mount
(Reuters) - Canada's main stock index opened lower on Friday, dragged down by commodity-linked shares, as hawkish commentary from major central banks this week heightened fears of a global recession. ...
Dec 16, 2022
Wall St extends losses as recession fears weigh
(Reuters) - Wall Street's main stock indexes extended losses on Friday as fears of a looming recession, sparked by the Federal Reserve's relentless battle against inflation, hammered sentiment. The Do...
Dec 16, 2022
App store avalanche forecast as Apple bows to EU demands
By Martin Coulter LONDON (Reuters) - Apple's rivals are positioning themselves as the go-to alternative to its dominant App Store as the iPhone maker prepares to allow others on its devices in the Eur...
Dec 16, 2022
Goldman Sachs to cut thousands of employees – source
NEW YORK (Reuters) - Goldman Sachs Group Inc is planning to cut a couple of thousand employees to navigate a difficult economic environment, a source familiar with the move said. The Wall Street bank ...
Dec 16, 2022
Vivendi offers remedies to address EU concerns over planned Lagardere takeover -filing
BRUSSELS (Reuters) - French media conglomerate Vivendi has offered remedies to address European Union (EU) competition concerns over its planned takeover of Lagardere, according to a filing on the Eur...
Dec 16, 2022
India court quashes tax dept’s $448 million block on Xiaomi’s deposits -sources
By Aditya Kalra NEW DELHI (Reuters) - An Indian court has quashed the income tax department's block on China-based Xiaomi Corp's fixed deposits worth 37 billion rupees ($447.65 million), two people fa...
Dec 16, 2022
Peoria, IL, USA
63 °F Rain, Mist
