Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over pay, terms Apple says it has team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone factory in China … Read more
Death toll from 5.6-magnitude earthquake expect to rise Dozens remain trapped in the rubble – officials President CIANJUR, Indonesia, Nov 22 (Reuters) – Children killed when their schools collapsed accounted for many of the 162 dead in an earthquake that devastated a town on Indonesia’s main island of Java, an official said on Tuesday, as … Read more
https://tmsnrt.rs/2zpUAr4 Fed’s Waller plays down CPI as just one number Beijing lays out property support, COVID steps Biden to meet Xi at G20 meeting SYDNEY, Nov 14 (Reuters) – Asian share markets were mixed on Monday as a top US central banker warned investors against getting carried away over one inflation number, while Chinese stocks … Read more
FTX founder Bankman-Fried secretly moved $10 billion in funds to trading firm Alameda – sources Bankman-Fried showed spreadsheets to colleagues that revealed shift in funds to Alameda – sources Spreadsheets indicated between $1 billion and $2 billion in client money is unaccounted for – sources Executives set up book-keeping “back door” that thwarted red flags … Read more
Senate control still undecided Vote count could take days Republicans move closer to control of House Biden says hope “still alive” PHOENIX, Nov 11 (Reuters) – Arizona and Nevada election workers were toiling on Friday to tally millions of thousands of uncounted ballots that could determine control of the US Senate, a process officials in … Read more
Nov 10 (Reuters) – (This story contains language some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message. “I’m sorry,” he told them. “I fucked up.” The reason for the mea culpa: His announcement half an hour earlier that … Read more
WASHINGTON, Nov 10 (Reuters) – Republicans were edging closer to securing a majority in the US House of Representatives early on Thursday, while control of the Senate hung in the balance, two days after Democrats staved off a Republican “red wave” in midterm elections. Republicans had captured at least 210 House seats, Edison Research projected, … Read more
PHOENIX, Ariz./BIRMINGHAM, Mich., Nov 8 (Reuters) – Senate incumbents including Democratic leader Chuck Schumer and senior Republican John Thune won re-election in Tuesday’s US midterm elections, on a day Republicans were expected to wrest control of Congress away from President Joe Biden’s Democrats. Thirty-five Senate seats and all 435 House of Representatives seats are on … Read more
Power cut in Kherson Ukraine alleges Russian looting Russia has reinforced area ahead of battle Moscow denies catastrophic losses in unit after protest letter Kyiv takes over oil, engineering companies in wartime measure KYIV, Nov 7 (Reuters) – Ukraine accused Russia on Monday of looting empty homes in the southern city of Kherson and occupying … Read more
WASHINGTON, Nov 7 (Reuters) – Household cash is near record levels in the United States, and consumers are using it to pack restaurants and airplanes and buy new cars. Jobs are there for taking. Net worth is 30% higher than before the pandemic, more so for those in the bottom half. And people have soured … Read more