(Reuters) – Apple Inc is dropping its mask mandate for corporate employees at most locations, the Verge reported on Monday, citing an internal memo. (https://bit.ly/3oJ3EQN) This comes even as COVID-19 infections in the United States have been on the rise with the BA.4 and BA.5 subvariants of the Omicron variant accounting for more than 90%…
TAIPEI (Reuters) – Shares of Taiwan chipmaker TSMC fell as much as 2.98% on Tuesday, as investors closely watch a possible trip to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi later in the day which has angered China. The main benchmark share index fell more than 2%. (Reporting by Sarah Wu; Editing by…
By Alun John HONG KONG (Reuters) – The dollar continued its decline on Tuesday, falling to its lowest in two months against the recovering Japanese yen and losing ground on other peers, as investors continued to position for a less aggressive pace of Federal Reserve interest rate hikes. Jitters about the impact of an impending…
By Selena Li and Anshuman Daga SINGAPORE (Reuters) – Bosses of HSBC will meet retail investors on Tuesday in Hong Kong, the biggest market for Europe’s largest lender, as they seek to convince shareholders that their strategy to operate as a global bank is vital to boosting growth. The London-headquartered group is under pressure from…
The National Labor Relations Board has dismissed a charge Starbucks filed against union organizers in Phoenix, saying there was not enough evidence that pro-union workers blocked store entrances or intimidated customers during a spring rally. Seattle-based Starbucks filed the charge with the labor board in April. The company contended that pro-union workers violated U.S. labor…
By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) – The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China’s semiconductor sector advances and protect U.S. companies. If…
SAO PAULO (Reuters) – Brazilian telecom TIM SA posted a 54.1% decrease in second quarter net profit, as inflationary pressures offset solid revenue growth, the company said on Monday. TIM Brazil, controlled by Telecom Italia, reported that net income fell to 313 million reais from 681 million reais the previous year. (Reporting by Peter Frontini)
By David Shepardson WASHINGTON (Reuters) -The U.S. business of Fiat Chrysler Automobiles was sentenced Monday after pleading guilty in June to criminal conspiracy and will pay nearly $300 million to resolve a multi-year U.S. Justice Department diesel-emissions fraud probe. FCA US LLC, formerly Chrysler Group LLC, previously struck a plea agreement with the Justice Department…
(Reuters) -Activist Investor Elliott Investment Management said on Monday it had become the largest shareholder in Pinterest Inc and that it saw potential for growth, sending shares of the pin-board company up 21%. “Pinterest is a highly strategic business with significant potential for growth, and our conviction in the value-creation opportunity at Pinterest today has…
By Natalia Zinets KYIV (Reuters) -The first ship to carry Ukrainian grain through the Black Sea since Russia invaded Ukraine five months ago left the port of Odesa for Lebanon on Monday under a safe passage deal described as a glimmer of hope in a worsening global food crisis. The sailing was made possible after…
