By Hyunjoo Jin SAN FRANCISCO (Reuters) – A federal judge has ruled that Tesla CEO Elon Musk’s 2018 tweets about having secured financing to take the company private were false, according to court filings by Tesla investors suing the billionaire over the tweets. The filing said that the court ruled April 1 that Musk’s 2018…
WASHINGTON (AP) — Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful sign that inflation pressures across the economy are continuing to cool. The latest year-over-year figure was down from 8% in October and from a recent peak of 11.7% in March. On…
TOKYO (AP) — Asian shares fell in muted trading as most world markets were closed for Good Friday and other holidays. Benchmarks declined in Tokyo, Seoul and Shanghai. Sydney, Manila, Bangkok and Hong Kong were among Asian markets observing holidays on Friday. U.S. and European markets also were closed. After markets closed, China’s central bank…
CHISINAU, Moldova (AP) — For tiny Moldova, an impoverished, landlocked nation that borders war-torn Ukraine but isn’t in the European Union or NATO, it’s been another week plagued by bomb threats. On an overcast day outside the international airport serving Moldova’s capital of Chisinau, hundreds of people lined up this week as bomb-sniffing dogs examined…
BEIJING (Reuters) – China’s manufacturing activity expanded at its fastest in 13 months in June, buoyed by a strong rebound in output, as the lifting of COVID lockdowns sent factories racing to meet recovering demand, a private sector poll showed on Friday. The Caixin/Markit manufacturing purchasing managers’ index (PMI) rose to 51.7 in June, also…
By Federica Urso and Federico Maccioni ROME (Reuters) -Florence wants to ban residential properties in its historic centre from being used for short-term rentals by platforms such as Airbnb in order to free up more homes for local people in the Tuscan city. Dario Nardella, the mayor of one of Italy’s most popular tourist destinations,…
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Complaints from consumers about banks and other financial firms in Germany rose by a fifth last year, official data shows, as regulators flex their muscles to shore up trust in the sector. BaFin, Germany’s financial watchdog, has been increasing its focus on consumer protection in the…
By Michael Martina and David Shepardson WASHINGTON (Reuters) – Close to half of American adults support a ban on the Chinese-owned social media app TikTok, according to a new Reuters/Ipsos survey that also asked questions about national security concerns and China. TikTok, owned by Chinese tech giant ByteDance and used by tens of millions of…
By Uday Sampath Kumar and Praveen Paramasivam (Reuters) -Coca-Cola Co warned on Monday consumer demand could slow as rampant inflation shows no sign of cooling and said it was focusing on more affordable and refillable glass bottles in markets facing the biggest pinch from price increases. Demand for sodas and other packaged foods has so…
(Reuters) – WeWork, the SoftBank Group-backed startup, sought U.S. bankruptcy protection on Monday after its bets on companies using more of its office-sharing space soured. Below is a timeline of WeWork developments since mid-2019: Aug 2019 WeWork filed for an IPO and published detailed financial statements that showed it lost almost $700 million in the…
