By Shariq Khan BENGALURU (Reuters) -Oil prices rose slightly in choppy trading on Monday, as investors balanced concerns about global demand growth against upcoming supply disruptions that could be exacerbated by political instability in Russia. Brent crude futures rose 33 cents, or 0.5%, to settle at $74.18 a barrel, while U.S. West Texas Intermediate (WTI)…
By A. Ananthalakshmi KUALA LUMPUR (Reuters) -Malaysia said on Friday it will take legal action against Facebook parent Meta Platforms for failing to remove “undesirable” posts, the strongest measure the country has taken to date over such content. Prime Minister Anwar Ibrahim’s administration has vowed to curb what it calls provocative posts that touch on…
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear a bid by Apple Inc and Broadcom Inc to revive their challenges to Caltech data-transmission patents in a patent infringement case in which the university’s earlier $1.1 billion jury verdict against the companies was thrown out. The justices turned away an appeal by…
By Aniruddha Ghosh (Reuters) -A blistering rally in Tesla Inc shares has powered the EV maker’s market value toward trillion-dollar levels, prompting some analysts to question its valuation and downgrade the stock. Goldman Sachs on Monday cut Tesla to “hold” equivalent rating, joining Morgan Stanley and Barclays, which downgraded the stock last week. The brokerages,…
(Reuters) -A United Nations expert said on Monday that U.S. government treatment of Guantanamo Bay inmates was cruel, inhuman and degrading under international law and called for Washington to apologize and provide reparation. “I observed that after two decades of custody, the suffering of those detained is profound, and it’s ongoing,” Fionnuala Ni Aolain said…
(Reuters) – KPMG is laying off 5% of its U.S. employees after feeling the pinch of “economic headwinds, coupled with historically low attrition,” a spokesperson for the Big Four accounting giant said on Monday. The firm had over 39,000 employees in the U.S. at the end of its last fiscal year on Sept. 30. KPMG,…
(Reuters) – Biogen shareholders elected former company executive Susan Langer as a director on Monday, weeks after her romantic partner, Alex Denner, vacated the seat and the board nominated her to replace him. Langer, 32, had served in various roles at the biotech company from 2013 to 2019. She is the daughter of Bob Langer,…
(Reuters) – Biogen shareholders elected former company executive Susan Langer as a director on Monday, weeks after her romantic partner, Alex Denner, vacated the seat and the board nominated her to replace him. Langer, 32, had served in various roles at the biotech company from 2013 to 2019. She is the daughter of Bob Langer,…
By Jonathan Cable LONDON (Reuters) – The Bank of England will raise borrowing costs 50 basis points higher than was thought only two weeks ago, in two quarter-point moves, as elevated inflation proves tricker to bring down than had been expected, according to economists polled by Reuters. Last week, the central bank surprised investors by…
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Monday ordered the dismissal of a lawsuit by a group of congressional Democrats who had sought details about a government lease for a Washington hotel covering the time when it was owned by Republican former President Donald Trump. The court acted after the lawmakers this…
