Category Archives:
Italy wary of raising taxes on web firms, fearing U.S. reaction
ROME (Reuters) - Italy must be cautious about taxing web companies more heavily as it risks retaliation from the United States, Deputy Economy Minister Maurizio Leo said on Tuesday. A tax on digital c...
May 02, 2023
Food pushes Pakistan inflation to record 36.4% in April
By Ariba Shahid KARACHI, Pakistan (Reuters) -Pakistan consumer prices, driven by food, rose a record 36.4% in the year to April, the highest inflation rate in South Asia and up from March's 35.4%, the...
May 02, 2023
Apple fights $2 billion London lawsuit for ‘throttling’ millions of iPhones
By Sam Tobin LONDON (Reuters) - Apple Inc urged a London tribunal on Tuesday to block a $2 billion mass lawsuit accusing it of hiding defective batteries in millions of iPhones by "throttling" them wi...
May 02, 2023
Fisker partners with Ample for electric SUVs with swappable batteries
(Reuters) - Electric vehicle maker Fisker Inc said on Tuesday it would start delivering its sports utility vehicle Ocean with swappable batteries made by Ample by the start of next year. The partnersh...
May 02, 2023
Factbox-Tech firms, Wall Street lead job cuts in Corporate America
(Reuters) - U.S. companies from Amazon.com Inc and Walt Disney Co to Wall Street heavyweights Goldman Sachs Group and Morgan Stanley are slashing thousands of jobs as they look to rein in costs in ant...
May 02, 2023
Hindenburg Research takes on billionaire Icahn with latest short position
(Reuters) - U.S. short seller Hindenburg Research said on Tuesday it has a short position in Icahn Enterprises, a conglomerate in which activist investor Carl Icahn owns a majority stake. Hindenburg s...
May 02, 2023
Zimmer Biomet raises annual forecasts on knees and hips unit strength
(Reuters) - Zimmer Biomet Holdings Inc raised its annual sales and profit forecasts on Tuesday, banking on strong demand for its knees and hips products amid a sustained recovery in surgical procedure...
May 02, 2023
Cummins raises full-year revenue outlook on strong demand for parts
(Reuters) - U.S. truck engine maker Cummins Inc on Tuesday raised its full-year 2023 revenue forecast, on the back of strong demand for parts across its markets. Supply chain issues, which led to a fa...
May 02, 2023
Cloud content storage platform Box adds AI features
By Anna Tong (Reuters) - Business software company Box, Inc said on Tuesday it will introduce new artificial intelligence features such as analyzing information across customer contracts or generating...
May 02, 2023
Column-Inflation and the markets take a bite out of retirement confidence
By Mark Miller (Reuters) - The U.S. economy is in much better shape today than it was during the Great Recession. But persistent inflation and last year's sharp stock market decline have shaken the co...
May 02, 2023
Peoria, IL, USA
50 °F Partly cloudy
