Jan 18 (Reuters) – Cryptocurrency firm Genesis Global Capital is planning to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation. Creditors, Genesis and parent Digital Currency Group exchanged several proposals, but have so far failed to come to an agreement, the report said,… Continue reading Crypto firm Genesis preparing to file for bankruptcy – Bloomberg News, article with image
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Technology Category
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Microsoft to cut 10,000 jobs as tech layoffs intensify, article with image
Jan 18 (Reuters) – Microsoft Corp (MSFT.O) said on Wednesday it would cut 10,000 jobs by the end of the third quarter of fiscal 2023, the latest sign that layoffs were accelerating in the U.S. technology sector as companies brace for an economic downturn. The layoffs and costs related to hardware-portfolio and other changes will… Continue reading Microsoft to cut 10,000 jobs as tech layoffs intensify, article with image
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Teladoc Health cuts 300 jobs to shave costs Teladoc Health Inc said on Wednesday it has removed “redundant roles” and cut 300 jobs, or 6% from its non-clinician global workforce, as the company plans to prioritize its commercial businesses in a challenging demand environment. Go to Source
Gallery
DUBLIN, Jan 18 (Reuters) – Airbus (AIR.PA) and Boeing (BA.N) will find it challenging to meet intermediate delivery targets this year on their way to ramping up production sharply in the coming years, an executive at U.S. lessor Aviation Capital Group said on Wednesday. “I think the rate targets of Boeing and Airbus, particularly Airbus’… Continue reading Gallery
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SAN FRANCISCO, Jan 18 (Reuters) – Attorneys for Tesla Inc (TSLA.O) and for investors will make opening arguments in a San Francisco court on Wednesday in a case to decide whether CEO Elon Musk’s 2018 tweet that funding was “secured” to take the company private damaged shareholders. The case is a rare securities class action… Continue reading Untitled
Legalcategory
Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
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TOKYO, Jan 18 (Reuters) – Toyota Motor Corp (7203.T) on Wednesday said it plans to produce about 750,000 vehicles globally in February. The Japanese automaker said it aims to make about 300,000 vehicles domestically and about 450,000 overseas, and that it will continue to monitor the supply of auto parts, including semiconductors. Toyota produced 740,996… Continue reading Untitled
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PARIS, Jan 18 (Reuters) – Carmaker Stellantis (STLA.MI) and Finnish company Terraframe announced on Wednesday that they had struck a deal whereby Terrafame will supply Stellantis with nickel sulphate over a five-year period, starting from 2025 onwards. Reporting by Sudip Kar-Gupta, Editing by Louise Heavens Our Standards: The Thomson Reuters Trust Principles. Go to Source
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BEIJING, Jan 18 (Reuters) – China’s state planner approved 1.48 trillion yuan ($218.35 billion) worth of fixed asset investment projects in 2022, nearly double the value from the previous year, as authorities geared up to support the COVID-hit economy. A total of 109 projects were approved last year and they were predominantly in the transportation,… Continue reading Untitled