Meta’s Facebook Agrees To Settle Data Privacy Lawsuit
(Reuters) – Meta Platforms Inc’s Facebook has in-principle agreed to settle a lawsuit in the San Francisco federal court seeking…
August 2022
Chinese Chip Foundry SMIC To Invest $7.5 Billion In New Fab In Tianjin
SHANGHAI (Reuters) -Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) said it had signed a framework agreement to invest $7.5…
China And U.S Agree Deal On Audit Dispute
HONG KONG (Reuters) – Washington and Beijing have reached an agreement allowing U.S. auditors to inspect China-based accountants, the first…
China July Industrial Profits Down As COVID Curbs, Heatwaves Hit
SHANGHAI (Reuters) -Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand…
Netflix Mulls $7-$9 Per Month For Its Ad-supported Subscription – Bloomberg News
(Reuters) – Netflix Inc is looking to charge about $7 to $9 per month for its new advertising-supported subscription plan,…
Wall Street Ends In A Hole After Powell’s Wyoming Speech
By David French (Reuters) – Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserve…
Mexican Airline Volaris Fires Pilot Who Recorded Near-crash
MEXICO CITY (Reuters) – Mexican airline Volaris fired a pilot who filmed two of the carrier’s planes nearly crashing at…
3M Combat Earplug Lawsuits To Proceed, Judge Rules, Despite Bankruptcy Case
(Reuters) -3M Co must face more than 230,000 lawsuits accusing it of selling defective earplugs to the U.S. military, after…
Coca-Cola Bottler Starts Making ‘Dobry Cola’ In Russia
By Jessica DiNapoli and Alexander Marrow NEW YORK (Reuters) -Coca Cola HBC AG has started making a local cola, Dobry…
ECB’s Knot Says He Favors Large Rate Hikes -NOS Interview
AMSTERDAM (Reuters) -Klaas Knot, a member of the European Central Bank’s governing council, said in an interview with Dutch national…