WASHINGTON (Reuters) – A group of 13 companies urged the U.S. Congress on Tuesday to approve a bill that would rein in giant tech companies like Alphabet’s Google and Meta’s Facebook. DuckDuckGo, Mozilla, Proton and other companies that advertise themselves as pro-privacy expressed support for a bill to ban self-preferencing by Big Tech platforms like…
By Caroline Valetkevitch NEW YORK (Reuters) – The dollar rallied against the yen, euro and other currencies on Tuesday after stronger-than-expected U.S. inflation data boosted investor bets that the Federal Reserve will need to stay aggressive in raising interest rates. The dollar index, which tracks the greenback against its peers, was up 1.5% at 109.85…
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -JPMorgan Chase and Bank of America, the two largest U.S. banks by assets, expressed caution about job cuts in contrast with Goldman Sachs, where hundreds of layoffs could start as early this month. “You need to very careful when you have a bit of a downturn…
PARIS (AP) — Lights on the Eiffel Tower will soon be turned off more than an hour earlier at night to save electricity, the Paris mayor announced Tuesday, as Russia’s war in Ukraine deepens an energy crisis in Europe. Mayor Anne Hidalgo said the iconic tower that is normally illuminated until 1 a.m. is only…
By Ruhi Soni and Ankit Kumar (Reuters) – Seeds and pesticides company Corteva Inc on Tuesday announced plans to exit about 35 countries and lay off roughly 5% of its global workforce as part of the company’s cost-cutting plans. A surge in inflation this year to four-decade highs has forced Corporate America to slash planned…
Starbucks __ ringing up record sales but struggling with low employee morale __ plans to spend $450 million next year to make its North American stores more efficient and less complex. The company also said it plans to open 2,000 net new stores in the U.S. by 2025, with an emphasis on meeting the growing…
By Hilary Russ SEATTLE (Reuters) – Starbucks is exploring developing technology to prevent U.S. cafes from becoming overwhelmed by too many orders as it seeks to revitalize its business and improve working conditions for employees, the company said on Tuesday. A surge in digital orders, which now make up nearly a quarter of all orders,…
By David Shepardson WASHINGTON (Reuters) -The chair of the Senate Judiciary Committee and the panel’s top Republican on Monday asked Twitter Inc Chief Executive Parag Agrawal to answer questions about a former company executive turned whistleblower who is set to testify. Peiter “Mudge” Zatko, a famed hacker who served as Twitter’s head of security until…
By Sheila Dang (Reuters) – Disclosures from a former Twitter Inc executive turned whistleblower show that at least one Chinese agent is working at the company, Senator Chuck Grassley said in his opening remarks during a Senate hearing on Tuesday featuring testimony from the whistleblower. The testimony of Peiter “Mudge” Zatko, a famed hacker who…
WASHINGTON (AP) — Twitter’s former security chief told Congress Tuesday there was “at least one agent” from China’s intelligence service on Twitter’s payroll and that the company knowingly allowed India to add agents to the company roster as well, potentially giving those nations access to sensitive data about users. These were some of the troubling…
