TAIPEI (Reuters) -Taiwan’s government said on Saturday it would fine Foxconn, the world’s largest contract electronics maker, for an unauthorised investment in a Chinese chip maker even after the Taiwanese firm said it would be selling the stake. Taiwan has turned a wary eye on China’s ambition to boost its semiconductor industry and is tightening…
(Reuters) – British Prime Minister Rishi Sunak is scrapping Lizz Truss’s Energy Supply Taskforce plan introduced in September, Sky News reported on Saturday. (Reporting by Jose Joseph in Bengaluru; Editing by Angus MacSwan)
By Sheila Dang (Reuters) -Elon Musk reinstated the Twitter accounts of several journalists that were suspended for a day over a controversy on publishing public data about the billionaire’s plane. The reinstatements came after the unprecedented suspensions evoked stinging criticism from government officials, advocacy groups and journalism organizations from several parts of the globe on…
(Reuters) – Elon Musk said on Saturday he will reinstate the Twitter accounts of several journalists that were suspended in a controversy over publishing public data about the billionaire’ s plane. “The people have spoken. Accounts who doxxed my location will have their suspension lifted now,” he tweeted. (Reporting by Eva Mathews and Rhea Binoy…
By Mike Scarcella (Reuters) -Washington’s state supreme court on Friday blocked Albertsons Companies Inc from paying a special dividend ahead of its acquisition by Kroger Co, a court order showed. The court extended a block put in place by a lower court, and said the block would remain in place until a further order of…
By Jessica DiNapoli and Hyunjoo Jin NEW YORK/SAN FRANCISCO (Reuters) -PepsiCo plans to roll out 100 heavy-duty Tesla Semis in 2023, when it will start using the electric trucks to make deliveries to customers like Walmart and Kroger, the soda maker’s top fleet official told Reuters on Friday. PepsiCo Inc, which ordered the big trucks…
(Reuters) – Tesla Inc is finalizing plans to build an electric vehicle assembly plant in an industrial area of northeastern Mexico and may announce the factory as early as next week, Bloomberg News reported late Friday. The plant will be located in Santa Catarina in Monterrey city, the capital of Nuevo Leon state in Mexico,…
TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell its entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup. Taiwan has turned a wary eye on China’s ambition to boost its semiconductor industry and is tightening legislation to prevent what it says…
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – Goldman Sachs Group Inc is planning to cut thousands of employees to navigate a difficult economic environment, a source familiar with the matter said. The layoffs are the latest sign that cuts are accelerating across Wall Street as dealmaking dries up. Investment banking revenues have…
(Reuters) -Twitter on Thursday suspended the accounts of several prominent journalists who recently wrote about its new owner Elon Musk, with the billionaire tweeting that rules banning the publishing of personal information applied to all, including journalists. Responding to a Tweet on the account suspensions, Musk, who has described himself as a free speech absolutist,…
