By Saeed Azhar and Scott Murdoch (Reuters) -Goldman Sachs Group will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it prepares for a tough economic environment. Just over 3,000 employees will be let go, one of the sources said, but the final number is yet …
Goldman Sachs readies biggest layoffs since the financial crisis Read More »
MADRID (Reuters) – Chinese social media company TikTok must remember to respect European Union rules, including transparency requirements regarding its algorithms, Commissioner for the Internal Market Thierry Breton said on Monday. “I’ll remind TikTok’s president to respect the integrality of our rules, which are very protective of our citizens, and the obligations they’ll have, including …
EU Commissioner says he will remind TikTok CEO to respect EU rules Read More »
By Aditya Kalra and Arpan Chaturvedi NEW DELHI (Reuters) – Google has filed a legal challenge in India’s Supreme Court to block a ruling by the country’s antitrust watchdog that will force the U.S. company to change how it markets its Android platform, court records showed on Saturday. The Competition Commission of India (CCI) in …
Google challenges Android antitrust ruling in India’s Supreme Court Read More »
By David Randall NEW YORK (Reuters) -World stocks rallied on Monday to their highest levels since mid-December after China reopened its borders while benchmark Treasury yields drifted lower as investors scaled back expectations for further rate hikes by the Federal Reserve. The gains were broad across global equity markets, with Europe’s STOXX 600 near a …
Global stocks close in on 4-week highs, oil rises on hopes of ‘soft landing’ Read More »
(Reuters) -Seattle’s public school district filed a lawsuit against Big Tech claiming that the companies were responsible for a worsening mental health crisis among students and directly affected the schools’ ability to carry out their educational mission. The complaint, filed on Friday against Alphabet Inc, Meta Platforms Inc, Snap Inc and TikTok-owner ByteDance with the …
Seattle public schools blame tech giants for social media harm in lawsuit Read More »
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Monday rebuffed an effort by a group of Republican state officials to revive former President Donald Trump’s hardline policy that barred certain immigrants deemed likely to require government benefits from gaining lawful permanent residency. The justices turned away an appeal by 14 Republican state …
U.S. Supreme Court rejects Republican bid to defend Trump immigration rule Read More »
By John McCrank NEW YORK (Reuters) -The U.S. dollar on Monday slid to a seven-month low against the euro as traders bet recent economic data would prompt the Federal Reserve to slow the pace of interest rate hikes, while riskier currencies benefited from China reopening its borders. The euro was up 0.96% at $1.0747 at …
Dollar at 7-month low vs euro on slower Fed rate hike expectations Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose over 1% on Monday after China’s reopened borders boosted the outlook for fuel demand and overshadowed global recession concerns. The rally was part of a wider boost for risk sentiment supported by both the reopening of the world’s biggest crude importer and hopes for less-aggressive increases …
Oil rises over 1% on demand optimism as China reopens borders Read More »
NEW DELHI (Reuters) – India has detected the presence of all Omicron sub-variants of COVID-19 in the community after testing more than 300 samples since late December, the health ministry said in a statement on Monday. “No mortality or rise in transmission were reported in the areas where these variants were detected,” the ministry said. …
India detects all Omicron sub-variants in country, no rise in mortality Read More »
By Jarrett Renshaw and Andrea Shalal EL PASO, Texas (Reuters) -President Joe Biden visited the U.S.-Mexico border on Sunday for the first time since taking office, tackling one of the most politically charged issues in the country as he prepares for a re-election bid. Accompanied by Border Patrol agents, Biden toured a section of the …
Biden visits U.S.-Mexico border as immigration issue heats up Read More »
