By Sheila Dang (Reuters) – TikTok said on Wednesday it is developing a tool that will allow parents to prevent their teens from viewing content containing certain words or hashtags on the short-form video app, as the embattled company looks to shore up its public image. TikTok, owned by Chinese tech company ByteDance, is facing…
By Alex Lawler LONDON (Reuters) – Oil slipped on Wednesday, giving up an earlier gain, as signs of ample supply and rising U.S. crude inventories countered hopes for higher demand arising from a jump in manufacturing in top crude importer China. U.S. oil inventories rose by 6.2 million barrels in the week ended Feb. 24,…
By Alex Lawler LONDON (Reuters) -Oil extended gains for a second session on Wednesday after a strong jump in manufacturing in China, the world’s top crude importer, boosted the outlook for global fuel demand. China’s manufacturing activity expanded at the fastest pace in more than a decade in February, an official index showed on Wednesday,…
By Linda Pasquini (Reuters) -German sportswear maker Puma on Wednesday gave a forecast for 2023 profit with a midpoint below last year’s number, expecting some impact from currency effects and higher freight and raw material costs. Rising materials and freight costs along with a stronger U.S. dollar, inventory markdowns and higher promotion expenses have pressured…
AMSTERDAM (Reuters) -Just Eat Takeaway.com, Europe’s largest meals delivery company, swung to a small 2022 core profit on Wednesday and said it was targeting 225 million euros of core profit this year. “This guidance includes additional investments… as well as wage costs inflation and takes into account an uncertain macro-economic environment,” the company said, noting…
BARCELONA, Mar 1 (Reuters) -Europe’s largest mobile phone tower operator Cellnex on Wednesday reported a net loss of 297 million euros ($314.49 million) for 2022, lower than in the prior year, while it achieved its forecast as core earnings grew 37% to 2.6 billion euros. Cellnex attributed the loss to the impact of amortisations and…
TAIPEI (Reuters) -Taiwanese Apple Inc supplier Foxlink said on Wednesday it is working hard to resume production following a fire at a plant in southern India that halted operations at the maker of iPhone charging cables, sending its stock price down. The factory is located in the Chittoor district of India’s Andhra Pradesh state and…
KUALA LUMPUR (Reuters) – Malaysia on Wednesday said electric vehicle (EV) maker Tesla Inc will open an office in the Southeast Asian country and establish a network of charging stations for its cars. Tesla’s application to import battery-run EVs into Malaysia has been approved, and the company will also open showrooms and services centres, Malaysia’s…
By Leika Kihara TOKYO (Reuters) – Asia’s factory activity stalled in February with the exception of China, as slowing global demand, stubbornly high inflation and the fallout from past interest rate hikes weighed on the region’s economies, surveys showed on Wednesday. Recovering momentum in China following its exit from stringent COVID-19 policies late last year…
By Liangping Gao and Joe Cash BEIJING (Reuters) – China’s manufacturing activity expanded as the fastest pace in more than a decade in February, an official index showed on Wednesday, smashing expectations as production zoomed after the lifting of COVID-19 restrictions late last year. The manufacturing purchasing managers’ index (PMI) shot up to 52.6 from…
