By Daniel Trotta (Reuters) – Nike Inc. on Friday suspended its relationship with Brooklyn Nets star Kyrie Irving and canceled its next Irving-branded shoe release in the aftermath of his promotion of an anti-Semitic documentary. The Nets had already suspended Irving at least five games after he stopped short of fully disavowing the documentary on…
By Khanh Vu HANOI (Reuters) -Vietnam will stick to its target to keep inflation under control and ensure macroeconomic stability, Prime Minister Pham Minh Chinh said on Saturday, as the economy faces fresh challenges. The Southeast Asian economy has rebounded from the COVID-19 pandemic, but has recently faced numerous challenges, with weakening global demand and…
SHENZHEN, China (Reuters) – The C919 narrowbody jet will join the opening flight display in China’s biggest air show in the southern city of Zhuhai on Tuesday, according to a schedule posted by the organisers, in what will be its first public flight or display. The C919, made by Commercial Aircraft Corp of China (COMAC),…
TOKYO (Reuters) -Japan’s government warned on Saturday that new electric vehicle tax credits in the United States could ultimately deter further investment by the Japanese there and hit employment in the world’s biggest economy. In a comment submitted to the U.S. Treasury Department, the government raised a number of concerns about the tax credits in…
Nike has suspended its relationship with Kyrie Irving and canceled its plans to release his next signature shoe, the latest chapter in the ongoing fallout since the Brooklyn Nets guard tweeted a link to a film containing antisemitic material. The shoe giant announced Friday night that it will halt its relationship with Irving, who has…
TOKYO (Reuters) – Japan’s Honda Motor Co unveiled the second model of its new China-only electric vehicle (EV) lineup on Saturday, targeting the fast-growing, battery-driven car segment in the world’s largest auto market. The Japanese automaker said last year it planned to roll out EV models under a new brand called “e:N Series” over the…
(Reuters) -An arbitrator on Friday reaffirmed Fox Corp’s right to acquire a nearly one-fifth stake in FanDuel, settling a longstanding dispute with the betting app’s owner, Flutter Entertainment Plc. The New York-based Judicial Arbitration and Mediation Services tribunal ruled that Fox has a 10-year option to acquire an 18.6% stake of FanDuel for $3.7 billion….
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed higher on Friday in volatile trade to snap a four-session losing streak as investors wrestled with a mixed jobs report and comments from Federal Reserve officials on the pace of interest rate hikes. The S&P 500 and the Nasdaq each rose as much as 2%…
(Reuters) – The Contra Costa County District Attorney on Friday said it has reached a settlement with Chevron Corp over a diesel spill into the San Francisco Bay from the company’s 245,271 barrel-per-day Richmond, California refinery last year. Officials did not release financial details of the settlement, and Chevron was not immediately unavailable for comment….
By Sheila Dang, Katie Paul and Paresh Dave (Reuters) -Twitter Inc started a major round of layoffs on Friday, alerting employees of their job status by email after barring the entrances to offices and cutting off workers’ access to internal systems overnight. The move follows a week of chaos and uncertainty about the company’s future…
