(Corrects spelling of TSI Semiconductors in the last paragraph) By Joseph White and Stephen Nellis DETROIT (Reuters) -Germany’s Bosch Group has agreed to buy key assets of California chip manufacturer TSI Semiconductors and invest $1.5 billion to expand U.S. production of silicon carbide chips for electric vehicles. Bosch and TSI did not disclose a purchase…
By Sam Tobin and Michael Holden LONDON (Reuters) – Prince Harry is not criticising his grandmother, the late Queen Elizabeth, or Britain’s royal family over a “secret agreement” with Rupert Murdoch’s UK newspaper arm, his lawyer told London’s High Court on Wednesday. Harry, the younger son of King Charles, is suing Murdoch’s News Group Newspapers…
By Daniel Wiessner (Reuters) – Tesla Inc supervisors at a Florida service center violated U.S. labor law by telling employees not to discuss pay and other working conditions or bring complaints to higher level managers, a U.S. labor board official has ruled. Managers at the Orlando repair shop illegally silenced workers in 2021 after some…
(Reuters) – Videogame publisher Activision Blizzard on Wednesday reported first-quarter bookings of $1.86 billion, compared with analysts’ average estimate of $1.79 billion, according to Refinitiv. Earlier in the day, Britain said it would block Microsoft’s $69 billion acquisition of the “Call of Duty” maker over its concerns it would hinder competition in cloud gaming, dealing…
By Kantaro Komiya and Joey Roulette (Reuters) -Japan’s ispace inc said its attempt to make the first private moon landing had failed after losing contact with its Hakuto-R Mission 1 (M1) lander when it unexpectedly accelerated and probably crashed on the lunar surface. The startup said it was possible that as the lander approached the…
By Ivan Lyubysh-Kirdey and Paul Vieira SLAVUTYCH, Ukraine (Reuters) – Ukraine marked the 37th anniversary of the Chornobyl nuclear disaster on Wednesday by urging the world not to bow to Russian “blackmail” over nuclear facilities it has seized during its invasion. Former workers at what was then known as the Chernobyl nuclear power plant (NPP)…
(Reuters) – The Commodity Futures Trading Commission (CFTC) on Tuesday filed a civil enforcement action against Fisher Capital and its owner, Alexander Spellane, alleging it perpetrated a precious metals investment fraud targeting older adults. The Los Angeles-based dealer of precious metals defrauded “hundreds of elderly persons into investing more than $30 million in gold and…
BEIJING (Reuters) – Ping An Insurance (Group) Co of China Ltd saw a 48.9% rise in first-quarter net profit as its investment income improved, China’s largest insurer by market value reported on Wednesday. Profit rose to 38.4 billion yuan ($5.55 billion) for the January-March quarter, it said in a filing. “The domestic economy continued to…
BEIJING (Reuters) – China’s cabinet on Wednesday unveiled plans to boost employment, including supporting financial institutions to offer loans to small firms and issuing subsidies to firms that hire college graduates or unemployed young people. The world’s second-largest economy reported better-than-expected growth in the first quarter after the lifting of stringent COVID-19 curbs, but the…
By Nivedita Balu and Aditya Soni (Reuters) – Microsoft Corp shares surged about 7% on Wednesday and lifted tech stocks after the company’s robust earnings eased fears of a slowdown in cloud computing and boosted confidence that artificial intelligence will become a major growth driver. The Redmond, Washington-based tech giant is set to add about…
