By Yoshifumi Takemoto and Kantaro Komiya TOKYO (Reuters) – Core consumer prices in Japan’s capital rose at the fastest annual increase in more than two years in March, propelled by soaring energy costs. The relentless uptrend in global commodity prices following the war in Ukraine could ruin import-reliant Japan’s fragile recovery from the pandemic, even…
By Praveen Paramasivam (Reuters) – Workers at Hershey Co’s second largest U.S. manufacturing plant voted against unionizing, even as unionization efforts have gained momentum among low-paid workers at large U.S. corporations. The Hershey plant, located at the foot of the Blue Ridge mountains in Stuarts Draft, Virginia, has around 1,400 employees and primarily makes products…
By Paul Lienert and Nick Carey (Reuters) – Battery swapping – replacing a depleted battery with a freshly charged one – is not new: The first experiments with exchanging batteries in electric cars date to America’s Gilded Age in the late 1890s, according to industrial historian David A. Kirsch. Here is a timeline of key…
By Paresh Dave OAKLAND, Calif. (Reuters) – Apple Inc on Thursday told appellate judges that video game maker Epic Games had failed to show any legal error that would justify them overturning a lower-court ruling that found key App Store policies do not break U.S. antitrust law. Epic, known for its “Fortnite” game, largely lost…
FRANKFURT (Reuters) – The European Central Bank would consider extending its money-printing programme beyond this summer if the euro zone economy fell into a “deep recession” because of the conflict in Ukraine, ECB board member Isabel Schnabel said on Thursday. The ECB said earlier this month its would end its bond-buying stimulus scheme this summer…
FRANKFURT (Reuters) – The European Central Bank would reconsider plans to end its bond-buying stimulus programme this summer if the euro zone economy fell into a “deep recession” because of the conflict in Ukraine, ECB board member Isabel Schnabel said on Thursday. “If we now fall into a deep recession due to the Ukraine crisis,…
By Caroline Valetkevitch NEW YORK (Reuters) – Major U.S. stock indexes rallied more than 1% on Thursday, extending the market’s recent rebound, as investors snapped up beaten-down shares of chipmakers and big growth names and as oil prices dropped. Nvidia Corp’s stock gained 9.8%, leading a rally across the chip sector and hitting its highest…
By Vera Eckert, Christoph Steitz and Nina Chestney FRANKFURT/LONDON (Reuters) – German utilities on Thursday said their country needed an early warning system to tackle gas shortages, a day after Russia ordered the switch of contract payments to roubles, raising the risk of a supply squeeze and even higher prices. President Vladimir Putin’s rouble payment…
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended sharply higher on Thursday, extending the market’s recent rebound, as investors snapped up beaten-down chipmakers and big growth names and as oil prices dropped. The Philadelphia SE semiconductor index, which is down sharply for the year, jumped on the day, while Apple shares rose for…
BRUSSELS (Reuters) – Alphabet Chief Executive Officer Sundar Pichai will meet Europe’s antitrust chief on March 30 to discuss competition and digital issues, a European Commission official said on Thursday. Alphabet confirmed the meeting. Margrethe Vestager has handed out more than 8 billion euros ($8.8 billion) in fines to the world’s most popular internet search…
