Musk warns of Twitter bankruptcy as more CEOs resign

(Reuters) – New Twitter owner Elon Musk on Thursday raised the possibility of the social media platform’s bankruptcy, capping a chaotic day that included a warning from a US regulator and the departure of top executives seen as future leaders. The billionaire told Twitter employees in a phone call he couldn’t rule out bankruptcy, Bloomberg … Read more

How Joe Biden Can Help Save the Planet at COP27

TINOS (Reuters) – Joe Biden and other leaders of rich countries will get plenty of criticism from poor countries when they arrive at the United Nations climate conference in Egypt later this week. But if the president of the United States joins his current policies across geopolitics, trade and climate, he could change the narrative. … Read more

Canada asks three Chinese companies to quit lithium mining

China says Canada has broken trade and market rules Chinese company stocks fall Companies say don’t expect a huge impact on performance OTTAWA/BEIJING (Reuters) – Canada on Wednesday ordered three Chinese companies to liquidate their investments in Canada’s critical minerals, citing national security. In response, China accused Ottawa of using national security as an excuse … Read more

Venezuela’s Oil Partners Head to Exit, Ditching Unpaid Debt

CABIMAS, Venezuela, Oct 27 (Reuters) – Venezuela is allowing joint venture partners of state oil company PDVSA to leave — by selling or giving back their shares to others — as long as they default on past debts and unpaid profits, closing four people. He said for the matter. Having to take a loss or … Read more

Digging dead stock above bleak expectations and expensive bets

Oct 26 (Reuters) – Meta Platforms Inc (META.O) On Wednesday I forecast a weak quarterly holiday period and significantly more costs next year, sending shares down nearly 20% as investors expressed skepticism about the company’s expensive bets. The forecast has eroded about $67 billion of the market value of Meta shares in the expanded trade, … Read more

Texture deepens rush to China, undeterred by stagnation of luxury goods market

SHANGHAI (Reuters) – Baoji, a northwestern Chinese industrial city of 3 million people, doesn’t fit most people’s idea of ​​a luxury market. However, sometime soon, it will be home to US brand Coach store. The store is one of 30 stores in China that train Tapestry Inc (TPR.N) Jan Buzek, president of the company in … Read more

Analysis: Poor countries are at risk from elusive G-20 debt relief efforts

LONDON/WASHINGTON (Reuters) – The failure to make concrete progress on debt relief for the world’s poorest countries at the annual meeting of the International Monetary Fund and World Bank in Washington frustrated policymakers, activists and investors. Two years ago, the Group of Twenty launched the Joint Framework – a mechanism designed to provide a rapid … Read more

Snap’s slow ad growth sparks inflation fears in the tech sector

Oct 20 (Reuters) – Snap Inc (SNAP.N) On Thursday, it forecast no revenue growth in the normally busy holiday quarter, sending a warning signal that rising inflation and the war in Ukraine could hurt other tech companies that rely on advertising revenue. Snap shares were down 27% in after-hours trading. The owner of the photo … Read more

The new Meta headset Quest Pro, which blends the real and virtual world, debuts

Oct 11 (Reuters) – Profiler platforms (META.O) It unveiled the Quest Pro virtual and mixed reality headset on Tuesday, marking a milestone for CEO Mark Zuckerberg’s foray into the high-end market for extended reality computing devices. The headset, which was introduced at the annual Meta Connect conference, will hit shelves October 25 at $1,500 and … Read more

Analysis: Tesla may face its toughest challenges yet as the economy slows

SAN FRANCISCO, Oct. 4 (Reuters) – In July, Tesla (TSLA.O) CEO Elon Musk said the electric car maker had no problem with customer demand, simply a problem making and shipping all the Model Ys and Model 3s consumers were willing to buy. This may no longer be true. Analysts are seeing early warning signs for … Read more