(Reuters) – Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced cuts since January: AUTOS * AUTOLIV: the Swedish airbag and seatbelt maker said on June 8 it plans to cut around 8,000 jobs, which equates…
By Pavel Polityuk KYIV (Reuters) – Ukraine would welcome receiving cluster munitions from the United States because they would have an “extraordinary psycho-emotional impact” on Russian forces, a senior Ukrainian official said on Friday. Three U.S officials speaking on condition of anonymity this week said a weapons aid package that includes cluster munitions fired by…
HOLA PRYSTAN, Russian-controlled Ukraine (Reuters) – Walking through what remains of his home, Leonid Garul points to the ceiling and the walls to show where the floodwaters reached last month when the massive Kakhovka dam was breached in southern Ukraine. A former sitting room now resembles a junkyard, with couches, tables and other bits of…
(Reuters) – Fisker missed its production target for the second quarter due to shortage of components, the electric vehicle startup disclosed on Friday, sending its shares down 2% in premarket trading. The California-based company produced 1,022 units of its Ocean SUV in the quarter ended June, lower than 1,400-1,700 vehicles it had projected. “A few…
BEIJING (Reuters) – China has announced export restrictions to take effect from Aug. 1 on some gallium and germanium products, metals used in computer chips and other products, citing national security interests. China produces around 60% of the world’s germanium, or 180 metric tons in 2022, and over 90% of the world’s gallium, about 606…
By Clare Jim and Twinnie Siu HONG KONG (Reuters) -Hong Kong is raising the cap on loan-to-value (LTV) ratio for properties worth up to HK$30 million ($3.83 million) for self-use homebuyers, the Hong Kong Monetary Authority (HKMA) said on Friday, the first relaxation of tightening measures for home transactions since they were implemented in 2009….
By Tom Wilson and Jaiveer Shekhawat (Reuters) -A string of executives have quit Binance, according to their tweets and media reports, the latest blow for the world’s biggest crypto exchange as its battles a slate of legal and regulatory headaches. Chief Strategy Officer Patrick Hillmann said in a tweet on Thursday that he was leaving…
By Josh Ye and David Kirton HONG KONG (Reuters) -Alibaba Group Holdings and Huawei Technologies Co on Friday showcased new products, including an artificial intelligence (AI) image generator and an AI model upgrade, as Chinese companies jostle for position in the global AI race. Alibaba Cloud, an Alibaba subsidiary, presented at the World Artificial Intelligence…
KYIV (Reuters) -Ukraine said on Friday its troops had advanced by more than a kilometre near the eastern city of Bakhmut in the past day of fighting against Russian forces. The comments were the latest by Kyiv signalling that the counteroffensive it launched in early June is gradually making progress although Russian accounts of fighting…
A look at the day ahead in U.S. and global markets from Mike Dolan The seeming serenity of June markets has finally been broken by summer storms as a blistering selloff in bonds snowballed following news of buoyant U.S. job creation last month that stiffens expectations for more interest rate rises. A trio of U.S….
