Some Amazon employees walk out in Seattle to protest climate, office policies

By Matt McKnight SEATTLE (Reuters) – Some Amazon.com Inc employees staged a walkout on Wednesday in protest of the e-commerce giant’s changes to its climate policy, layoffs and a return-to-office mandate. More than 100 people gathered in the afternoon by the Spheres, the glass-dome monument at the heart of Amazon’s Seattle headquarters, according to a…

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Global Factories Struggle For Momentum Amid Patchy Demand

By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -Sluggish global demand deepened the decline in manufacturing activity across Europe and remained a major challenge for many of Asia’s big exporters, business surveys for May showed on Thursday. Purchasing managers’ indexes (PMIs) for the euro zone moved further below breakeven despite factories cutting prices for the…

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South African factory activity contracts for 4th straight month – Absa PMI

JOHANNESBURG (Reuters) – South African manufacturing activity contracted for the fourth consecutive month in May, with a particularly steep decline in expected business conditions, a survey showed on Thursday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) edged down to 49.2 in May from 49.8 in April, moving further below the 50-point mark that separates expansion…

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Russian mercenary boss slams army ‘clowns’ as he marks birthday at training camp

MOSCOW (Reuters) – Russia’s most powerful mercenary, Yevgeny Prigozhin, said his Wagner group would fight on in Ukraine if his men got a separate section of the front without having to depend on “clowns” who ran swathes of the Russian armed forces. Celebrating his 62nd birthday on Thursday at a training camp, Prigozhin also confirmed…

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Investment more than consumption leading India’s economic growth – economists

By Ira Dugal MUMBAI (Reuters) – A surge in investments that offset sluggish consumption to boost India’s growth in 2022-23 is expected to power the economy in the current financial year as the government pushes ahead with massive capital expenditure plans, economists said. This, in turn, could reflect across sectors like construction, which have a…

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Nvidia CEO feels safe relying on Taiwan for chips

By Ben Blanchard TAIPEI (Reuters) – Nvidia Corp, a major supplier of chips and computing systems for artificial intelligence (AI), feels “perfectly safe” about relying so much on chip powerhouse Taiwan for manufacturing, its chief executive Jensen Huang said on Thursday. Some companies have expressed concerns about potential risks to business given heightened military threats…

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