(Reuters) -Twilio Inc on Tuesday forecast second-quarter revenue below estimates on shrinking demand for cloud services, sending the company’s shares tumbling nearly 13% in extended trading. The San Francisco-based cloud service provider had benefited during the pandemic on strong demand from businesses looking to operate amid lockdowns, but its growth has inched lower as customers…
MOSCOW/KYIV (Reuters) -Russia fired cruise missiles at Kyiv on Tuesday and paraded troops across Moscow’s Red Square for its annual celebration of victory in World War Two, pared back amid shortages of manpower and arms at the front after a failed winter campaign in Ukraine. In a fiery 10-minute speech in front of the Kremlin,…
By Laura Matthews NEW YORK (Reuters) – The dollar edged up against most major peers on Tuesday as traders, seeing no immediate breakthroughs on the U.S. debt-ceiling talks, look to new inflation data for a clearer picture of the economic outlook and the Federal Reserve’s likely rate-hiking path. The dollar index, which measures the currency…
By Laura Matthews NEW YORK (Reuters) – The dollar edged up against most major peers on Tuesday as traders, seeing no immediate breakthroughs on the U.S. debt-ceiling talks, look to new inflation data for a clearer picture of the economic outlook and the Federal Reserve’s likely rate-hiking path. The dollar index, which measures the currency…
(Reuters) – The metaverse could contribute as much as $760 billion or about 2.4% to U.S. annual gross domestic product (GDP) by 2035, according to a study commissioned by Facebook owner Meta Platforms. The concept of the metaverse includes augmented and virtual reality technologies that allow users to immerse themselves in a virtual world or…
By Divya Rajagopal TORONTO (Reuters) -Pierre Lassonde, a Canadian mining industry veteran, has made an offer to invest in Teck Resources Ltd’s coal business, in a bid to thwart Glencore Plc’s hostile attempt to merge with Teck. Vancouver-based Teck has rebuffed Swiss mining company Glencore’s $22.5 billon offer to combine the two companies and is…
By Michael S. Derby NEW YORK (Reuters) – New York Federal Reserve President John Williams said on Tuesday it is too soon to say whether the U.S. central bank is done raising interest rates, arguing that if more action is needed policymakers won’t hold back. “We haven’t said we are done raising rates” and Fed…
(Reuters) -Media company Paramount Global, looking to reduce costs as it merges its Showtime and MTV networks, is letting go about 25% of the staff in its domestic cable networks, Bloomberg News reported on Tuesday. Employees are being notified Tuesday, according to the report. Paramount is combining nine separate teams into one and among the…
By Aleksandar Vasovic BELGRADE (Reuters) -Tens of thousands of Serbians protested on Monday, demanding better security, a ban on violent TV content and the resignation of key ministers, days after two mass shootings killed 17 people. Crowds in numbers not seen in the Balkan country for years solemnly marched through the centre of…
By Foo Yun Chee BRUSSELS (Reuters) – Amazon, Alphabet’s Google, Microsoft and other non-European Union cloud service providers looking to secure an EU cybersecurity label to handle sensitive data can only do so via a joint venture with an EU-based company, according to an EU draft document seen by Reuters. U.S. tech giants and others…
