By Divya Rajagopal and Ismail Shakil TORONTO/OTTAWA (Reuters) -Rogers Telecommunications said its network was beginning to recover late on Friday after a 19-hour service outage at one of Canada’s biggest telecom operators shut banking, transport and government access for millions, drawing outrage from customers and adding to criticism over its industry dominance. Nearly every facet…
BEIJING (Reuters) – China’s factory-gate inflation cooled in June to the lowest in 15 months, as strict anti-COVID measures hit demand and global recession fears triggered a selloff in ferrous metals, while consumer inflation rose to the highest in nearly two years. The producer price index (PPI) rose 6.1% year-on-year, the National Bureau of Statistics…
(Reuters) -Suncor Energy Inc said on Friday its chief executive, Mark Little, has stepped down after a string of fatalities at Canada’s third-largest oil producer. Little was also stepping down as president and resigning from the board effective immediately, the company said in a statement https://sustainability-prd-cdn.suncor.com/-/media/project/suncor/files/news-releases/2022/2022-07-08-suncor-energy-announces-ceo-transition-en.pdf?modified=20220708225627&_ga=2.68797265.116328003.1657326315-1599808855.1657326315. Kris Smith, the company’s executive vice president of downstream…
(Reuters) – Elon Musk has said he intends to terminate his $44 billion deal to buy Twitter because the social media company had breached multiple provisions of the merger agreement. Twitter said it would pursue legal action to enforce the deal. Below is a snapshot of the Twitter takeover saga. Date Development Twitter share reaction…
DETROIT (AP) — The U.S. government’s auto safety watchdog is sending investigators to another Tesla crash, this time one that killed two people along Interstate 75 in Florida. The National Highway Traffic Safety Administration confirmed Friday that it sent a Special Crash Investigations team to probe the Wednesday crash into the back of a semi-trailer…
By Divya Rajagopal and Ismail Shakil TORONTO/OTTAWA (Reuters) -A major network outage at one of Canada’s biggest telecom operators shut banking, transport and government access for millions all day on Friday, drawing outrage from customers and adding to criticism over Rogers Telecommunications’ industry dominance. Nearly every facet of life has been disrupted. Some callers could…
Elon Musk announced Friday that he will abandon his tumultuous $44 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts. Twitter immediately fired back, saying it would sue the Tesla CEO to uphold the deal. The likely unraveling of the acquisition was just the latest…
(Reuters) -Tesla Inc Chief Executive Officer Elon Musk said on Friday he was terminating his $44 billion deal for Twitter Inc, saying that the social media company had failed to provide information about fake accounts on the platform. Shares of Twitter fell 6% in extended trading. In a filing, Musk’s lawyers said Twitter had failed…
By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) said on Friday it will open a special investigation into a Florida crash on Wednesday that killed a 66-year-old Tesla driver and a 67-year-old passenger. A 2015 Tesla rear-ended a parked tractor-trailer in the Gainesville area at a rest area off Interstate 75,…
COLOMBO, Sri Lanka (AP) — Police imposed a curfew in Sri Lanka’s capital and surrounding areas on Friday, a day before a planned protest demanding the resignations of the country’s president and prime minister because of the economic crisis that has caused severe shortages of essential goods and disrupted people’s livelihoods. Hours before the curfew…
