(Reuters) – Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Persisting inflation leading to interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms from Amazon to Walt Disney and banks to trim …
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By Philip Pullella and Crispian Balmer VATICAN CITY (Reuters) -Pope Francis led the funeral of former Pope Benedict on Thursday, tenderly touching the coffin of his predecessor as he stood supported on a cane before tens of thousands of mourners, with some calling for the late pontiff to be made a saint. Benedict’s death on …
Supporters demand sainthood for Benedict as Pope Francis leads funeral Read More »
By Pavel Polityuk KYIV (Reuters) – Ukrainian and Russian troops battled in eastern regions on Thursday as Kyiv tried to push back occupying forces, while President Volodymyr Zelenskiy urged the West to provide his army with heavy tanks to boost their firepower. The Ukrainian military said the Russians were focused on an offensive in the …
Ukraine pleads with allies to send tanks as fighting grinds on in east Read More »
By Elizabeth Piper and Andy Bruce LONDON (Reuters) – Prime Minister Rishi Sunak promised on Wednesday to tackle Britain’s most serious problems, from cutting inflation to reducing illegal migration, in a speech aimed at convincing his restive lawmakers he can lead them into the next election. In a speech that was high on ambition but …
Five promises: PM Sunak vows to tackle Britain’s most serious problems Read More »
By Jeffrey Dastin and Uday Sampath Kumar (Reuters) -Amazon.com Inc’s layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company’s …
By Elizabeth Piper and Alistair Smout LONDON (Reuters) -Labour leader Keir Starmer pledged on Thursday to end Britain’s “sticking plaster politics” if his party wins power in the next election, reassuring critics he would not open the chequebook to tackle a myriad of crises buffeting the country. Saying his main opposition party is ready for …
UK’s Labour promises to end ‘sticking plaster politics’ with funded plans Read More »
(Reuters) – Dell Technologies Inc plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. The computer maker told suppliers late last year that it aims to meaningfully lower the amount of China-made …
Dell looks to phase out Chinese chips by 2024 – Nikkei Read More »
LONDON (Reuters) -British Prime Minister Rishi Sunak could set out details of a planned new law to curb strikes as soon as Thursday, The Times reported, saying ministers intend to make industrial action illegal in some sectors if minimum service levels are not met. The Times newspaper said the legislation would enforce minimum service levels …
UK’s Sunak to detail anti-strike laws as soon as Thursday -report Read More »
By Yew Lun Tian and Neil Jerome Morales BEIJING/MANILA (Reuters) -China and the Philippines have agreed to set up a direct communications channel between their foreign ministries on the South China Sea to handle disputes peacefully, they said on Thursday. Their agreement, which contained 14 elements aimed at cooling security tensions and boosting economic cooperation, …
China, Philippines agree to handle disputes peacefully, boost cooperation Read More »
By Soo-hyang Choi and Hyonhee Shin SEOUL (Reuters) – A North Korean drone briefly entered a no-fly zone surrounding South Korea’s presidential office when it intruded into the South’s airspace last week, Seoul’s military said on Thursday, fuelling criticism over its air defences. The drone was among five North Korean drones that crossed into the …
North Korea drone entered no-fly zone near Yoon’s office, South says Read More »
