(Reuters) -Elon Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint from former security head of the social media firm as another reason to scrap the $44 billion deal. Last week, Peiter Zatko, a famed hacker known as “Mudge”, said in his complaint that Twitter prioritized…
By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) – U.S. stock indexes were set for a higher open on Tuesday after a two-session hammering on fears of aggressive policy tightening by the Federal Reserve, with investors looking ahead to consumer confidence and job openings data later in the day. The benchmark S&P 500 index has…
TAIPEI, Taiwan (AP) — Arizona Gov. Doug Ducey arrived in Taiwan on Tuesday for a visit focused on semiconductors, the critical chips that are used in everyday electronics and have become a battleground in the technology competition between the U.S. and China. His visit is the latest in a recent string by U.S. politicians that…
BERLIN (AP) — German Chancellor Olaf Scholz insisted Tuesday that his country was well-prepared to tackle a possible energy shortage due to Russia’s squeeze on European gas supplies, as fears grow about the rising prices that will hit consumers across the continent this winter. Speaking at the start of a two-day government retreat, Scholz cited…
Tesla CEO Elon Musk and Twitter lobbed more accusations at each other Tuesday in the latest round of legal filings over Musk’s efforts to rescind his offer to buy the social media platform. Musk filed more paperwork in his bid to terminate the deal, this time based on information in a whistleblower complaint filed by…
BEIJING/SYDNEY (Reuters) – China’s three biggest airlines posted on Tuesday a combined 28.4 billion yuan ($4.12 billion) second-quarter loss, wider than in the first quarter, due to major travel disruptions including a strict COVID-related lockdown in Shanghai. The country’s policy of localised lockdowns in response to case numbers that are small by global standards has…
KYIV, Ukraine (AP) — Ukraine claimed to have destroyed bridges and ammunition depots and pounded command posts in a surge of fighting in the Russian-occupied south, fueling speculation Tuesday that its long-awaited counteroffensive to try to turn the tide of war was underway. Russia said it repelled the attack and inflicted heavy casualties. The clashes…
By Rowena Edwards LONDON (Reuters) – Oil prices fell Tuesday on fears that an inflation-induced weakening of global economies would soften fuel demand, and as Iraqi crude exports have been unaffected by clashes. Brent crude futures for October settlement fell $2.45, or 2.33%, to $102.64 a barrel by 1022 GMT, after climbing 4.1% on Monday,…
BEIJING (Reuters) – Industrial and Commercial Bank of China Ltd (ICBC), the world’s largest commercial lender by assets, said net profit grew 4.9% year-on-year in the first half of this year as the Chinese economy recovered from the COVID-19 pandemic. Profit was 171.5 billion yuan ($24.82 billion)in the six months through June, compared with 163.47…
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The rouble firmed towards 60 against the dollar and euro in early Moscow trade on Tuesday, while higher oil prices helped push Russia’s benchmark stock index to its highest point in two months. At 0716…
