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China says it hopes firms seek lawful, balanced solutions over TikTok deal
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Thursday, August 28
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SRN News
Iran’s rial currency falls to near-record lows on European ‘snapback’ sanctions threat
DUBAI, United Arab Emirates (AP) — Iran’s rial currency fell to near-record lows Thursday as concerns grew in Tehran that European nations will start a process to reimpose United Nations sanctions on the Islamic Republic over its nuclear program, further squeezing the country’s ailing ...
Thursday, August 28
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SRN News
Australia’s ANZ offers counselling after premature job-cut emails
By Scott Murdoch SYDNEY (Reuters) -Australia’s ANZ Group apologised to staff and offered psychological counselling after some bankers earmarked for job cuts were notified they would be fired in an automated email that was sent by mistake. Some staff in the bank’s retail division were emailed ...
Thursday, August 28
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SRN News
French cognac sales drop 13% as demand for premium ranges slides
By Tassilo Hummel PARIS -Annual cognac revenues dropped 13%, hit by a drop in demand for premium ranges of the French brandy and a slump in sales to China, according to industry data shared with Reuters. After strong growth during the pandemic and a series of ...
Thursday, August 28
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SRN News
Taiwan prosecutors indict three people for stealing TSMC trade secrets to help its supplier Tokyo Electron
By Wen-Yee Lee TAIPEI (Reuters) -Taiwan prosecutors said on Wednesday that they indicted three people for theft of trade secrets from chipmaker TSMC, accusing them of conspiring to use the information to help Japan’s Tokyo Electron in competing for TSMC supplier deals for the 2-nanometer process. The ...
Thursday, August 28
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SRN News
One Tech Tip: Ditch the chatbots and take your AI nature apps on a birdwatching hike
I didn’t notice the scarlet tanager until the alert appeared on my phone: “Merlin heard a new bird!” Despite its brilliant plumage — jet-black wings on a crimson body — the songbird can be a hard one to spot in a forest because it prefers ...
Wednesday, August 27
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SRN News
European car sales resume rise in July, BYD firmly ahead of Tesla
By Alessandro Parodi (Reuters) -New car sales in Europe rose 5.9% in July as a jump in Germany outweighed drops in Britain, France and Italy, European Automobile Manufacturers Association data showed on Thursday. Tesla lost market share for a seventh consecutive month despite a rise in ...
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Wednesday, August 27
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SRN News
UAW members at GE’s Evendale facility to strike from Thursday
(Reuters) -Members of the United Auto Workers union at GE Aerospace’s Evendale, Ohio, plant will strike from Thursday after failing to reach a new contract, UAW President Shawn Fain said in a video broadcast late on Wednesday. The plant builds marine and industrial engines for ...
Wednesday, August 27
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SRN News
Analysis-Asia’s pledge to boost US farm imports may redraw trade flows
By Naveen Thukral SINGAPORE (Reuters) -Southeast Asian nations are set to reshape global grains and oilseed trade flows through U.S. trade deals that include raising agriculture purchases, with increased American shipments displacing Australian, Canadian and Russian supply. While Indonesia and Bangladesh have already agreed to ...
Wednesday, August 27
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SRN News
Berkshire raises stake in Japan’s Mitsubishi to 10.23%
TOKYO (Reuters) -Berkshire Hathaway, through its wholly-owned unit National Indemnity Company, has raised its stake in Japan’s Mitsubishi Corp to 10.23% from 9.74% previously, Mitsubishi said on Thursday. Berkshire previously raised its holdings in five Japanese trading houses including Mitsubishi in March.(Reporting by Kantaro ...
Wednesday, August 27
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SRN News
Nvidia CEO says AI boom far from over
By Max A. Cherney SAN FRANCISCO (Reuters) -Nvidia CEO Jensen Huang on Wednesday dismissed concern about an end to a spending boom on artificial intelligence chips, projecting opportunities will expand into a multi-trillion-dollar market over the next five years. Huang sought to reassure investors rattled by ...
Wednesday, August 27
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SRN News
BOJ’s Nakagawa says uncertainties remain high over impact of US tariff policy
TOKYO (Reuters) -Bank of Japan board member Junko Nakagawa said on Thursday that uncertainties remain high over U.S. tariff policies and their impact on the Japanese and global economy. Nakagawa also underscored the importance of the results from the BOJ’s upcoming “tankan” business sentiment survey ...
Wednesday, August 27
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SRN News
Asia markets waver, Nvidia drops after earnings beat
By Gregor Stuart Hunter SINGAPORE (Reuters) -Asian stocks wobbled on Thursday as blowout earnings from artificial intelligence bellwether Nvidia were offset by worries over the outlook for its China business, while the dollar remained shaky as investors bet on a near-term rate cut. MSCI’s broadest ...
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