(Reuters) -Walmart Inc, the largest private employer in the United States, said on Tuesday it will raise the average hourly wage for its U.S. workers next month to more than $17.50. The retailer currently pays an average of more than $17 to its almost 1.6 million U.S. hourly workers. Walmart said the wage increases are…
(This Jan. 23 story has been officially corrected to say one hacker group, not two, in the headline and paragraph 1) (Reuters) – A hacker group associated with North Korea, the Lazarus Group, also known as APT38, was responsible for the theft last June of $100 million from U.S. crypto firm Harmony’s Horizon bridge, the…
By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Ford will decide by mid-February how many jobs to cut in Europe, a union representative said on Tuesday, as reports surfaced that China’s BYD was in talks with Ford to buy one of the U.S. carmaker’s German sites. The future of the site in Saarlouis, a city…
MADRID (Reuters) – Spain’s auto industry is in dire need of an overhaul to catch up with European peers and speed up its electrification process as automakers struggle to recover from a pandemic-induced slump, the country’s biggest manufacturers’ lobby said on Tuesday. As elsewhere in Europe, Spanish car production has been hampered in the past…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan raised its estimates for long-term interest rates over the coming few years in government’s twice-yearly fiscal projections issued on Tuesday, following the central bank’s decision last month to allow 10-year bond yields to move more widely. Higher rates will test the government’s ability to service the industrial world’s heaviest…
(Reuters) -U.S. industrial conglomerate 3M Co on Tuesday reported a fall in quarterly profit, as its move to stop production of “forever chemicals” saddled the company with charges while softening consumer demand further hit its bottom-line. Last month, the Post-it maker set a 2025 deadline to stop producing PFAS (perfluoralkyl and polyfluoroalkyl substances), or the…
By Amanda Cooper LONDON (Reuters) – The dollar hovered near a nine-month low against the euro and surrendered recent gains against the yen on Tuesday, as traders weighed the risks of a U.S. recession against the outlook for Federal Reserve monetary policy. Euro zone data on Tuesday reinforced the view that the economy is surviving…
By Devjyot Ghoshal and Uditha Jayasinghe NEW DELH/COLOMBO (Reuters) -The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters. India wrote to the IMF…
(Reuters) – European stocks edged higher on Tuesday, boosted by a fresh run of gains for technology stocks, while investors awaited economic data that is expected to show a slight improvement in euro zone business activity. The pan-European STOXX 600 index rose 0.1% after a strong finish on Wall Street, lifted by tech stocks that…
BENGALURU (Reuters) -Maruti Suzuki India Ltd reported better-than-expected quarterly profit on Tuesday, as the country’s biggest carmaker benefitted from strong demand for its passenger cars, sending shares up as much as 2.4%. Profit for Maruti, which has over 40% market share in the country’s passenger vehicles segment, came in at 23.51 billion rupees ($288.53 million)…
