(Reuters) -SolarEdge Technologies said on Sunday it would lay off about 16% of its global workforce in an attempt to reduce operating costs. The job cuts, which would affect roughly 900 employees, came after SolarEdge discontinued manufacturing in Mexico, reduced capacity in China, and terminated light commercial vehicle e-mobility activity. Costs related to these actions…
By Gram Slattery, James Oliphant and Nathan Layne SEABROOK, New Hampshire (Reuters) -Florida Governor Ron DeSantis ended his fading presidential campaign on Sunday and endorsed Donald Trump just two days before the pivotal New Hampshire primary, leaving former U.N. Ambassador Nikki Haley as Trump’s last long-shot challenger for the Republican nomination. DeSantis’ decision, less than…
By Nidal al-Mughrabi and Ibraheem Abu Mustafa DOHA/GAZA (Reuters) -Israeli attacks and street battles raged across the Gaza Strip on Sunday as Palestinian health officials said the death toll from Israeli strikes since war broke out in October had passed 25,000. Gaza’s health ministry said 178 Palestinians had been killed in the past 24 hours,…
By Phil Stewart and Timour Azhari WASHINGTON/BAGHDAD (Reuters) -Missile attacks in Syria, Lebanon, Iraq and Yemen on Saturday threw into sharp focus the increasing risk of the war in Gaza triggering a wider regional conflict pitting Iran and its allies against Israel and the United States. Iran said five of its Revolutionary Guards were killed…
By Zaheer Kachwala (Reuters) -Google will invest $1 billion on building a data centre just outside of London, the U.S. technology giant said on Thursday, in its latest investment in Britain as it meets growing demand for internet services in the region. The data centre, located on a 33-acre (13-hectare) site bought by Google in…
By Echo Wang and Anirban Sen (Reuters) – Social media platform Reddit has drawn up detailed plans to launch its initial public offering (IPO) in March, moving forward with a listing it has been eyeing for more than three years, according to people familiar with the matter. It would be the first IPO of a…
By Foo Yun Chee BRUSSELS (Reuters) – Amazon’s $1.4 billion acquisition of robot vacuum maker iRobot will be blocked by EU antitrust regulators, three people familiar with the matter said on Friday, as enforcers beef up scrutiny of Big Tech deals. The U.S. online retail giant defied a European Commission’s warning that the deal could…
By Andrea Shalal (Reuters) -U.S. President Joe Biden on Friday announced student debt cancellation of nearly $5 billion for an additional 74,000 borrowers, including more than half who earned forgiveness after 10 years of public service as teachers, nurses and firefighters. The White House announcement brings the total loan forgiveness approved by the Biden-Harris administration…
By Stephen Culp NEW YORK (Reuters) – Tech shares helped power the S&P 500 to its first record high close in two years on Friday to confirm a bull market, while European stocks registered weekly declines amid fading expectations for central bank interest rate cuts. Treasury yields inched lower, while supply concerns arising from simmering…
By David Shepardson and Lisa Barrington WASHINGTON (Reuters) -An Atlas Air Boeing 747-8 cargo plane made an emergency landing in Miami late Thursday shortly after departure after suffering an engine fire. The plane with five crew members safely returned and no injuries were reported. The Federal Aviation Administration (FAA) and National Transportation Safety Board are…
