(Reuters) -Footwear brand Converse will cut jobs as part of parent company Nike’s on-going $2 billion cost savings plan, Bloomberg News reported on Tuesday citing an internal memo. Nike had laid out a costs saving plan in December that would stretch over the next three years and also include tightening the supply of some products…
(Reuters) – Israel and Hamas have been waging war since gunmen from the Palestinian militant group went on the rampage in southern Israel on Oct. 7, killing 1,200 people and capturing 253 hostages. Israel responded with a military campaign in which more than 35,000 Palestinians have been killed. The war is the bloodiest ruction in…
(Reuters) -U.S. President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports, including electric vehicle (EV) batteries, computer chips and medical products. Following are reactions to the move. ELISSA PIERCE, RESEARCH ASSOCIATE, WOOD MACKENZIE “U.S. solar manufacturers are still relatively dependent on China for other module components, such as glass…
(Reuters) – Meta Platforms will discontinue its work-focused Workplace app as the company shifts its focus on building artificial intelligence and metaverse technologies, the Facebook parent said on Tuesday. Workplace will be shuttered starting June 2026 for customers but Meta will continue to use it as its internal messaging board, the company said, adding users…
By Nidal al-Mughrabi CAIRO (Reuters) -Israeli forces pushed deep into the ruins of Gaza’s northern edge on Monday to recapture an area from Hamas fighters, while in the south tanks and troops pushed across a highway into Rafah, leaving Palestinian civilians scrambling to find safety. Some of the most intense fighting for weeks is raging…
By Anna Tong and Akash Sriram (Reuters) -ChatGPT maker OpenAI said on Monday it would release a new AI model called GPT-4o, which reasons across voice, text and vision. OpenAI’s chief technology officer, Mira Murati, said during a livestream event that the new GPT-4o model would be offered for free because it is more efficient…
By Shariq Khan NEW YORK (Reuters) -Oil prices rose on Monday, as signs of improving demand in top importer China and potential supply disruptions in Canada helped prices bounce from the previous session’s $1 a barrel slide. Brent crude futures rose 34 cents, or 0.4%, to $83.13 a barrel by 12:39 p.m. ET (1639 GMT)….
(Reuters) – Apple is gearing up to sell its Vision Pro mixed-reality headset outside the United States, Bloomberg News reported on Monday, in a bid to invigorate demand for its most expensive bet in years. The iPhone-maker has flown hundreds of employees from its international stores to Cupertino, California and started training them on how…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Inflation data from the world’s three largest economies – China, the United States and euro zone – sets the tone for world markets this week, and Asia gets the ball rolling on Monday following the April figures out of Beijing at…
MOSCOW (Reuters) – Russian President Vladimir Putin has proposed a surprise new defence minister, nominating civilian Andrei Belousov, a former deputy prime minister who specialises in economics, for the job more than two years into the Ukraine war, the Kremlin said. Below are some facts about Andrei Removich Belousov: * Belousov, 65, graduated from the…
