Nov 28 (Reuters) – Elon Musk accused Apple Inc (AAPL.O) of threatening to block Twitter Inc from its app store without saying why in a series of tweets on Monday that also said the iPhone maker had stopped advertising on the social media platform . The billionaire CEO of Twitter and Tesla said Apple was … Read more
Foxconn Zhengzhou plant’s Nov shipments to fall further – source Worker unhappiness at plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout of … Read more
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
BEIJING, Nov 24 (Reuters) – China reported record high COVID-19 infections on Thursday, with cities nationwide imposing localized lockdowns, mass testing and other curbs that are fueling frustration and darkening the outlook for the world’s second largest economy. The resurgence of infections, nearly three years after the pandemic emerged in the central city of Wuhan, … Read more
COVID restrictions ramped up as cases rise iPhone factory unrest underscores industrial, social risks Analysts warn of potential for wider lockdowns Resort city Sanya imposes movement curbs on new arrivals BEIJING, Nov 23 (Reuters) – Chinese cities imposed more curbs on Wednesday to rein in rising coronavirus cases, adding to investor worries about the economy, … Read more
Fed’s Bullard backs more rate hikes Data shows US labor market remains tight Cisco shares rise after co raises full-year outlook Macy’s jumps on profit forecast raise Indexes down: Dow 0.02%, S&P 0.31%, Nasdaq 0.35% Nov 17 (Reuters) – Wall Street’s main indexes ended modestly lower on Thursday in a choppy session as hawkish comments … Read more
Draft declaration: ‘Most’ G20 members condemn Ukraine war Ukraine’s Zelenskiy pushes his plan to end conflict Indonesia appeals for end to political polarization Inflation, debt, monetary policy also on the agenda US President Biden skips gala dinner on island of Bali NUSA DUA, Indonesia, Nov 15 (Reuters) – A Western-led push to condemn Russia’s invasion … Read more
Southern manufacturing hub fighting worst COVID-19 flare-up Cases double in Zhengzhou, production base for Apple supplier Chinese stocks, currency slip over virus fears BEIJING, Nov 8 (Reuters) – New coronavirus cases surged in Guangzhou and other Chinese cities, official data showed on Tuesday, with the global manufacturing hub becoming China’s latest COVID1-9 epicenter and testing … Read more
Apple expects lower shipments of iPhone 14 Pro and Pro Max Apple says a China plant operating at sharply reduced capacity Apple supplier Foxconn revises down Q4 outlook TAIPEI, Nov 7 (Reuters) – Apple Inc (AAPL.O) expects lower shipments of high-end iPhone 14 models than previously anticipated following a significant production cut at a virus-blighted … Read more
Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate’s businesses. Operating profit nevertheless rose by 20%, topping analyst forecasts. Berkshire benefited from increased demand and prices … Read more