ATHENS, Greece (AP) — Workers walked off the job in Greece and Belgium on Wednesday during nationwide strikes against increasing consumer prices, disrupting transportation, forcing flight cancellations and shutting down public services in the latest European protests over the rising cost of living. In Greece, where workers were holding a 24-hour general strike, thousands of…
Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. The job cuts come just a week after widespread layoffs at Twitter under its new owner, billionaire Elon Musk. There have…
BERLIN (AP) — The German government on Wednesday blocked the sale of a chip factory to a Swedish subsidiary of a Chinese company, a decision that comes as Berlin grapples with its future approach to Beijing. The move by the Cabinet follows a recent compromise over a Chinese shipping firm’s investment in a German container…
TOKYO (AP) — Nissan’s profit fell 68% in the last quarter as a shortage of computer chips hindered the Japanese automaker’s ability to deliver vehicles to its customers. Nissan Motor Co. reported Wednesday that its profit was 17.4 billion yen ($119 million) in the July-September, down from 54 billion yen the same period a year…
TOKYO (AP) — Honda Motor Corp. said Wednesday that its fiscal second quarter profit rose nearly 14% as a weaker yen boosted its overseas earnings and strong demand raised sales of its vehicles and motorcycles. Tokyo-based Honda reported a July-September profit of 189.2 billion yen, or $1.3 billion. Quarterly sales rose 25%. Honda Group sold…
TAIPEI, Taiwan (AP) — President Tsai Ing-wen on Wednesday thanked British Trade Minister Greg Hands for London’s support for Taiwan after he became the latest foreign official to defy Chinese pressure and visit the self-ruled island democracy. Tsai expressed hope for “new heights” in British-Taiwanese relations and “joint achievements” at a time when the mainland’s…
BEIJING (AP) — Asian stock markets followed Wall Street lower on Thursday ahead of a U.S. inflation update that will likely influence Federal Reserve plans for more interest rate hikes after elections left control of Congress uncertain. Hong Kong’s market benchmark fell by more than 2%. Shanghai, Tokyo and Sydney also declined. Oil prices edged…
Twitter’s new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to Nov. 8, according to Tuesday’s filings with the Securities and Exchange Commission. He sold $7…
Twitter said Tuesday it will add a gray “official” label to some high-profile accounts to indicate that they are authentic, the latest twist in new owner Elon Musk’s chaotic overhaul of the platform’s verification system. The site’s current system of using what are known as “blue checks” confirming an account’s authenticity will soon go away…
The Walt Disney Co. on Tuesday posted lower-than-expected profit and revenue for its fiscal fourth quarter even as its streaming services did well, sending its shares lower in after-hours trading. The company said it earned $162 million, or 9 cents per share, in the July-September quarter, nearly flat compared to $160 million, or 9 cents…
