By Nelson Acosta and Marc Frank HAVANA (Reuters) – Cuba has cut by half its original forecast for growth in 2022, the head of its chamber of commerce said on Monday, as the Caribbean island nation struggles to jumpstart its ailing economy and all-important tourism industry. Cuba’s economy is expected to grow 2% this year,…
LONDON (Reuters) – After major crypto exchange FTX filed for U.S. bankruptcy protection on Friday, the crypto industry is bracing for further fallout. Some of FTX’s investors have said they are writing their investment down to zero. Other crypto firms may be exposed to FTX by having held tokens on the exchange or by owning…
NEW YORK (AP) — In the past few years, Slutty Vegan, an Atlanta-based eatery, has attracted a cult-like following with its raunchy approach to veganism. Celebrities often pop in for a visit. And customers routinely wait through long lines to order from the chain’s cheekily-named menu, which includes the “One Night Stand” burger and the…
WILMINGTON, Del. (AP) — Testimony began Monday in a Delaware courtroom where a Tesla shareholder is challenging a compensation plan for CEO Elon Musk potentially worth more than $55 billion. The lawsuit alleges that the performance-based stock option grant was negotiated by a compensation committee and approved in 2018 by Tesla board members who had…
(Reuters) -Corporate America is making deep cuts to its employee base as part of its restructuring efforts to navigate a potential downturn in the economy from the U.S. Federal Reserve’s war on inflation. Job cuts announced by U.S.-based employers jumped 13% to 33,843 in October, the highest since February 2021, according to a report. Here…
By Jane Lanhee Lee (Reuters) – Silicon Valley artificial intelligence (AI) computing startup SambaNova Systems said on Monday it delivered eight units of its latest AI system to the U.S. Argonne National Laboratory, which is expanding its AI offering to researchers. Each of the systems has eight DataScale SN30 chips, launched in September, and triples…
NEW YORK (AP) — Amazon founder Jeff Bezos said he will give away the majority of his wealth during his lifetime, becoming the latest billionaire to pledge to donate much of his vast fortune. Bezos, whose “real-time” worth Forbes magazine estimates at roughly $124.1 billion, made the announcement in a joint CNN interview with his…
By Nate Raymond (Reuters) -The U.S. Supreme Court on Monday declined to hear a bid by StarKist Co, owned by South Korea’s Dongwon Industries, to avoid a lawsuit by tuna buyers accusing it of fixing prices. The justices turned away StarKist’s appeal of a lower court’s decision that let three groups of tuna purchasers receive…
WARSAW (Reuters) – Poland will take over the Polish assets of Gazprom, Rzeczpospolita daily reported on Monday. In September, Poland imposed sanctions on Russia’s Gazprom Export’s and said it’s assets would be frozen. (Reporting by Alan Charlish and Marek Strzelecki)
Tampa Bay Buccaneers linebacker Carl Nassib dreamed of a different kind of social media app for years — one that celebrates positivity and community. With Rayze, a new app that links people to each other and to nonprofits that appeal to their interests or are based where they live, he may have created it. Now,…
