WASHINGTON (Reuters) -Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% of its global workforce. U.S. staff receiving the notices this week will stay on Boeing’s payroll until January to comply with federal requirements…
(Reuters) – Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs efforts towards developing AI chips in a bid to compete against industry bellwether Nvidia. AMD is regarded as the closest rival to Nvidia in the lucrative market for chips that form the brains of complex…
WASHINGTON (Reuters) – North Korean troops have begun engaging in combat operations alongside Russian forces, the U.S. State Department said on Tuesday, expressing concern that Russia had turned to North Korea for soldiers to fight in its war with Ukraine. “Over 10,000 DPRK (North Korean) soldiers have been sent to eastern Russia, and most of…
(Reuters) – Alphabet’s Waymo said on Tuesday its autonomous ride-hailing service, Waymo One, is now available to everyone in Los Angeles, a sign of rapid growth and adoption of the technology. Waymo had closed a $5.6 billion funding round last month, as automakers and technology companies are betting big on the driverless technology to foster…
(Reuters) – Bank of America CEO Brian Moynihan said on Tuesday he expected President-elect Donald Trump’s incoming administration to tackle the U.S. budget. Trump’s victory in the presidential election has contributed to a sell-off in government bonds in recent days as key elements of his economic plans such as tax cuts and tariffs are expected…
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration said on Tuesday it will bar U.S. airlines from operating in Haiti for 30 days after two commercial jetliners were struck by gunfire on Monday. The FAA issued a Notice to Air Mission prohibiting U.S. airlines from operating flights in the Haiti’s territory and airspace…
By Gram Slattery and Alexandra Ulmer WEST PALM BEACH, Florida (Reuters) – As advisers and allies of Republican President-elect Donald Trump search for personnel to staff his coming administration, one quality is absolutely paramount: unquestioning loyalty. During his 2017-2021 term, Trump butted heads with key appointees, particularly those in the intelligence, national security and law…
By Maki Shiraki TOKYO (Reuters) – Toyota aims to make at least 2.5 million vehicles a year in China by 2030, three people said, an overhaul that will see it bring its Chinese sales and production operations closer together and allow local executives a freer hand in development, The plan, which has not been previously…
(Reuters) -Russian President Vladimir Putin signed into law a treaty on the country’s strategic partnership with North Korea which includes a mutual defence provision, according to a decree published on Saturday. The accord, signed by Putin and North Korean leader Kim Jong Un in June after a summit in Pyongyang, calls on each side to…
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) – During his campaign for re-election, Donald Trump vowed to purge the military of so-called “woke” generals. Now that he is president-elect, the question in the halls of the Pentagon is whether he would go much further. Trump is expected to have a far darker view of…
