By Foo Yun Chee BRUSSELS (Reuters) – Short-video app TikTok on Thursday opened up its research software to researchers in Europe ahead of new EU rules requiring Big Tech to do more to police online content. TikTok, owned by Chinese technology conglomerate ByteDance, is one of 19 online platforms and search engines subject to tougher…
A look at the day ahead in European and global markets from Tom Westbrook Barbie’s box-office debut began in parts of Asia on Thursday and is expected to rake in $100 million from U.S. theatres over the weekend. Tickets and refreshed sales for Mattel’s 60-year-old doll would be another testament to the consumer’s resilience to…
By Marco Aquino LIMA (Reuters) -Tens of thousands of protesters took to the streets in Peru on Wednesday in marches organized by groups opposed to President Dina Boluarte, while police took anti-riot measures against some demonstrators, arresting at least six. Peaceful protesters affiliated with left-wing groups and unions marched in the capital Lima, while isolated…
(Reuters) – Tesla Inc wants to double the production capacity of its assembly plant outside Berlin to one million electric vehicles a year, in a move that would make it Europe’s largest car factory, the New York Times reported on Thursday. (Reporting by Juby Babu in Bengaluru; Editing by Dhanya Ann Thoppil)
(Reuters) – BofA Global Research on Thursday cut China’s economic growth forecast for this year to 5.1% on a disappointing second-quarter gross domestic product (GDP) growth and potential delay in forceful policy response. The brokerage previously expected the country’s economy to grow at 5.7%. It also lowered China’s growth forecast for 2024 to 4.8% from…
(Reuters) -Activist investor Elliott Investment has built a significant stake in Catalent and is pushing for a shake-up on the contract drug manufacturer’s board, the Wall Street Journal reported on Wednesday. Elliott has been talking to potential director candidates about joining a slate of nominees to run in a proxy contest, WSJ said, citing people…
SHANGHAI (Reuters) – China’s major state-owned banks were seen selling dollars to buy yuan in the offshore spot market in early Asian trades on Thursday, two people with direct knowledge of the matter said. Such state bank dollar selling was meant to slow the pace of yuan declines, one of the sources said. China’s central…
SYDNEY (Reuters) -Australia employment handily beat expectations for a second straight month in June, while the jobless rate stayed near 50-year lows in a sign the labour market remained drum-tight, adding to the risk of further interest rate hikes. Figures from the Australian Bureau of Statistics showed net employment rose by 32,600 in June from…
By David Brunnstrom WASHINGTON (Reuters) – China does not want a trade or tech war but will definitely respond if the United States imposes more curbs on its chip sector, China’s ambassador to Washington said on Wednesday. Ambassador Xie Feng told the Aspen Security Forum China did not shy away from competition, but the way…
SYDNEY (Reuters) – Australia’s biggest telecommunications company Telstra said on Thursday it planned to cut nearly 500 jobs due to changes from digitisation and automation, as well as its exit from some legacy products and services. The proposed reduction amounts to just over 1% of the company’s total workforce but come at a time when…
