Stocks fall amid new signs of slowing growth and falling revenues

NEW YORK/LONDON (Reuters) – Global stock markets slid further on Thursday as fresh signs of slowing growth prompted investors to sell stocks and move to safe-haven assets such as government debt and the Swiss franc, in preparation for the biggest. Today’s gains in more than six years. Supply chain problems continue to fuel inflation and … Read more

Exclusively TikTok planning big push in gaming, testing in Vietnam sources

The TikTok app on a smartphone is shown in this illustration taken on July 13, 2021. REUTERS / Dado Ruvic / Illustration / File Photo Register now to get free unlimited access to Reuters.com Register HONG KONG/HANOI (Reuters) – TikTok is running tests so users can play games on its video-sharing app in Vietnam, four … Read more

Google’s Russian subsidiary files for bankruptcy after bank account confiscation

May 18 (Reuters) – Russia’s Google subsidiary plans to file for bankruptcy after authorities seized his bank account, making it impossible to pay employees and suppliers, but free services including search and YouTube will continue to operate, a spokesman for Russia’s Google Inc said on Wednesday. . Alphabet Corporation (GOOGL.O) The unit has been under … Read more

Analysis: White House balances inflation and farmers in new biofuel mandates

May 16 (Reuters) – The White House is expected to announce in coming weeks how much biofuels like corn ethanol that U.S. refiners will have to blend into their fuel this year, a decision that will force it to balance taming consumer inflation against subsidizing the nation’s farmers. How the administration balances competing priorities could … Read more

California regulator refuses to build desalination plant despite historic drought

COSTA MESA, CALIFORNIA, May 12 (Reuters) – California regulators on Thursday rejected the construction of a $1.4 billion desalination plant on environmental grounds, marking a setback for Governor Gavin Newsom, who backed the project as a partial solution to the state’s ongoing drought. The California Coastal Commission voted 11-0 to reject the Poseidon Water proposal, … Read more

A closer look: China’s Xiaomi launches investigations into India’s main market

A man walks past the logo of Xiaomi, the Chinese consumer electronics manufacturer, outside a store in Mumbai, India, May 11, 2022. REUTERS/Francis Mascarenhas Register now to get free unlimited access to Reuters.com Register NEW DELHI (Reuters) – Chinese smartphone giant Xiaomi Corp (1810.HK) It faces legal problems in India as a federal financial crime … Read more

UAE strongman Sheikh Mohammed bin Zayed appointed as new president

Mohamed bin Zayed becomes president at a time of tension with the United States He led the realignment in the Middle East, and established relations with Israel The UAE has also worked to deepen relations with Russia and China Economic development is a driving priority for foreign policy DUBAI, May 14 (Reuters) – A Federal … Read more

Siemens to leave Russia because of the Ukraine war, take on a huge responsibility

Siemens leaves Russia after 170 years Russia accounts for about 1% of total revenue Stocks go down after losing profits CEO condemns war in Ukraine Zurich (Reuters) – Siemens (SIEGn.DE) The company said on Thursday it was pulling out of the Russian market due to the war in Ukraine, which hit its business worth 600 … Read more

Apple supplier Foxconn anticipates future challenges in China to curb the spread of the novel coronavirus and inflation

A shovel and a FoxConn logo are seen before the arrival of US President Donald Trump as he participates in the groundbreaking ceremony for Foxconn Technology Group’s LCD manufacturing campus, in Mount Pleasant, Wisconsin, US, June 28, 2018. REUTERS / Darren Hauck / Files Register now to get free unlimited access to Reuters.com Register First … Read more

North Korea reports first outbreak of COVID-19, orders shutdown in ‘most severe emergency’

North Korea declares ‘most dangerous national emergency’ The possibility of an “unprecedented crisis” for Kim Jong-un – expert The isolated country rejected the international offer of the vaccine No North Korean civilians are believed to have been vaccinated SEOUL (Reuters) – North Korea on Thursday confirmed the first outbreak of the COVID-19 virus, calling it … Read more