PARIS (Reuters) – CMA CGM said it expects a pullback in shipping markets to accelerate in the fourth quarter due to high energy prices and flagging consumer spending, and this will reduce its profitability following an earnings surge in the past year. French-based CMA CGM, one of the world’s largest container lines, reported on Friday…
BRUSSELS (AP) — The European Union and the United States are treading precariously close to a major trans-Atlantic trade dispute at a time when the two Western giants want to show unity in the face of challenges from Russia and China. EU trade ministers on Friday insisted they would be forced to respond if Washington…
By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) – The Nasdaq was lower on Friday with pressure from Apple Inc while the dollar gained and U.S. Treasury yields rose as investors shied away from riskier bets. The mood was jittery as the gift-buying season kicked off on a scheduled half-day for U.S. markets after…
By Yimou Lee TAIPEI (Reuters) – Foxconn’s flagship iPhone plant in China is set to see a further reduction in November shipments after the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of employees quit. The world’s largest Apple iPhone factory has been…
LONDON (AP) — Elon Musk said Friday that Twitter plans to relaunch its premium service that will offer different colored check marks to accounts next week, in a fresh move to revamp the service after a previous attempt backfired. It’s the latest change to the social media platform that the billionaire Tesla CEO bought last…
By Arriana McLymore and Doyinsola Oladipo RALEIGH, N.C./ NEW YORK (Reuters) – With the Thanksgiving turkey digested, shoppers were expected to turn out in record numbers to shop for Black Friday deals. However, with inclement weather, thin crowds were seen outside stores on what has historically been the busiest shopping day of the year. “Only…
By Rachel More and Mathieu Rosemain BERLIN/PARIS (Reuters) – Some workers at Amazon sites in Germany and France downed tools on Black Friday, as part of a move across the world to target the online retailer on one of the busiest shopping days of the year with calls for better pay. The Make Amazon Pay…
By Alun John LONDON (Reuters) – European stocks were on track for a sixth successive week of gains on Friday and government bond yields globally traded near multi-week lows as investors reacted to positive data and signs central banks may not hike rates as aggressively as feared. The 10-year U.S. Treasury yield dipped to 3.65%…
(Reuters) – Russia’s justice ministry added Facebook-owner Meta Platforms to its register of extremist organisations on Friday, the Kommersant newspaper reported. A Russian court earlier this year ruled Meta had engaged in “extremist activity”. Moscow has restricted access to Facebook and Instagram as part of a campaign against Western social media platforms. (Reporting by Reuters;…
By Kevin Buckland TOKYO (Reuters) – European stocks were on track for a sixth successive week of gains on Friday and government bond yields globally traded near multi-week lows as investors reacted to positive data and signs central banks may not hike rates as aggressively as feared. The 10-year Treasury yield dipped to 3.65% on…
