By Mike Dolan LONDON (Reuters) -Even if some yearn for pre-pandemic familiarity after three years of global economic disruption, the euro zone may not want or need to go back there. One of the biggest questions in world markets is just how durable the changes wrought by COVID-19 – and the compounding energy shock that…
TAIPEI (Reuters) – Taiwan’s exports fell for a ninth consecutive month in May, although meeting expectations, in a symptom of anaemic demand for the island’s tech products from China and global markets, with matters not expected to improve until the third quarter. Exports last month were down 14.1% in value on the year, at $36.13…
By Blake Brittain (Reuters) -Realtek Semiconductor Corp sued rival Taiwanese chipmaker MediaTek Inc in Northern California federal court on Tuesday, claiming MediaTek paid a company that sues over patents a “secret litigation bounty” to file meritless lawsuits in the United States to disrupt its business. The lawsuit accuses MediaTek of conspiring with IPValue Management Inc…
By Mathieu Rosemain PARIS (Reuters) -Atos, the struggling French IT consulting firm planning to split into two listed entities, said it expected sales at loss-making unit Tech Foundations to hit bottom in 2024. The firm, which will hold an investor day on Wednesday, said Tech Foundations – which groups its legacy IT consulting activities –…
By Akriti Sharma and Kanjyik Ghosh (Reuters) -Salesforce Inc CEO Marc Benioff has shuffled the top management, a person familiar with the matter told Reuters on Tuesday, a move that follows after the software company reported its slowest quarterly revenue growth since 2010. Miguel Milano has been appointed as the chief revenue officer, the source…
(Reuters) – Netflix Inc’s co-Chief Executive Officer Ted Sarandos is planning to visit South Korea, a Seoul-based Netflix official said on Wednesday. Sarandos is expected to meet Prime Minister Han Duck-soo and other key officials during his two-day visit from June 20, news agency Yonhap reported, citing key officials. The Netflix official declined to comment…
By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden’s re-election campaign said on Tuesday that a decision by Alphabet Inc’s YouTube to stop policing false claims about fraud in the 2020 race is “reckless” and could lead to violence. “YouTube’s reckless and irresponsible decision will invite further democratic decay and potential violence, and we urge…
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission on Tuesday asked a federal court to issue a temporary restraining order to freeze the U.S. assets of cryptocurrency exchange Binance. The motion, in a filing to the U.S. District Court for the District of Columbia, comes a day after U.S. regulators sued Binance…
By Michael Holden and Sam Tobin LONDON (Reuters) -Prince Harry launched a fierce attack on the “vile” press on Tuesday, blaming tabloids for destroying his adolescence and later relationships, as he gave evidence for almost five hours in his lawsuit against a tabloid publisher. As he became the first senior British royal to appear in…
(Reuters) – Bitcoin rose 5.56% to $27,171 at 19:57 GMT on Tuesday, adding $1,432 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 64.7% from the year’s low of $16,496 on January 1. Ether, the coin linked to the Ethereum blockchain network, rose 4.72% to $1,896.1 on Tuesday, adding $85.4 to…
