By Valerie Insinna and Tim Hepher SEATTLE/PARIS (Reuters) – Boeing’s 747, the original and arguably most aesthetic “Jumbo Jet”, revolutionized air travel only to see its more than five-decade reign as “Queen of the Skies” ended by more efficient twinjet planes. The last commercial Boeing jumbo will be delivered to Atlas Air in the surviving…
By David Alire Garcia MEXICO CITY (Reuters) – The police showed up two days after a Catholic clergyman at a church near the Nicaraguan capital Managua delivered a Sunday sermon in May that included a prayer “for our priests.” The officers played an audio clip of the prayer and warned: These kinds of things are…
DAVOS, Switzerland (AP) — Billionaire investor turned philanthropist George Soros has blamed new technology for helping repressive regimes like Russia and China exert greater control. Speaking Tuesday at a dinner for journalists on the sidelines of the World Economic Forum’s annual gathering in Davos, Switzerland, Soros said China and Russia were the greatest threats to…
(Reuters) – Ernst & Young’s U.S. arm said on Monday it was shedding 5% of its workforce, less than a week after the unit’s objection torpedoed the global accounting giant’s plan to break up its audit and consulting units. The layoffs will affect around 3,000 of the company’s U.S. employees. The decision was taken after…
By Josh Ye HONG KONG (Reuters) – China’s Lenovo Group Ltd reported a 24% revenue decline for the third quarter, its second consecutive decline as global demand for computers and smartphones continued to slump. The world’s largest maker of personal computers (PCs) said on Friday that total revenue during the October-December quarter was $15.3 billion,…
LONDON (Reuters) – WhatsApp and other messaging services have united to oppose Britain’s plan to force tech companies to break end-to-end encryption in private messages in its proposed internet safety legislation. Meta-owned WhatsApp, Signal and five other apps signed an open letter saying the law could give an “unelected official the power to weaken the…
By Blake Brittain (Reuters) -Alphabet Inc’s Google must pay $32.5 million in damages for infringing one of smart-speaker maker Sonos Inc’s patents in its wireless audio devices, a San Francisco federal jury decided on Friday. The case is part of a sprawling intellectual property dispute between the former collaborators that includes other lawsuits in the…
By Shivansh Tiwary and Kannaki Deka (Reuters) -WeWork said on Friday it would proceed with a one-for-forty reverse stock split to regain compliance with listing requirements, days after the flexible workspace provider raised “substantial doubt” over its ability to continue operations. The company’s shares have lost nearly all of their value since making market debut…
(Reuters) – The story headlined, “Wall Street selloff deepens, Nasdaq confirms correction,” was issued inadvertently ahead of the market closing. A replacement story will be issued shortly after the market closes at 4 pm ET (2100 GMT).
BERLIN (AP) — Russia’s Gazprom on Wednesday halved the amount of natural gas flowing through a major pipeline from Russia to Europe to 20% of capacity. It’s the latest Nord Stream 1 reduction that Russia has blamed on technical problems but Germany calls a political move to sow uncertainty and push up prices amid the…
