Wall St posts third straight quarterly loss as inflation weighs, recession looms

Wall St posts third straight quarterly loss as inflation weighs, recession looms

S&P 500 notches largest September percentage drop in 20 years All three major U.S. stock indexes post three-quarter slumps Core inflation data hotter than expected Indexes down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK, Sept 30 (Reuters) – The S&P 500 closed the books on its steepest September decline in two decades on Friday, … Read more

Russia demands Apple explain VK removal from App Store

Russia demands Apple explain VK removal from App Store

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Sept 28 (Reuters) – Russia’s communications regulator on Wednesday demanded an explanation from Apple (AAPL.O) after applications operated by the Russian state-controlled tech firm VK (VKCOq.L) were removed from the U.S. firm’s App Store. The regulator, Roskomnadzor, … Read more

Exclusive: India’s push for home-grown navigation system jolts smartphone giants

Exclusive: India’s push for home-grown navigation system jolts smartphone giants

India wants local GPS rival in smartphones; industry fears costs Smartphone players want delay to New Delhi’s Jan. 2023 deadline Samsung, others say Indian system needs hardware changes-sources Boosting native system part of Modi’s self-reliance campaign NEW DELHI, Sept 26 (Reuters) – India is pushing tech giants to make smartphones compatible with its home-grown navigation … Read more

YouTube in challenge to TikTok to give Shorts creators 45% of ad sales

YouTube in challenge to TikTok to give Shorts creators 45% of ad sales

Register now for FREE unlimited access to Reuters.com Register LOS ANGELES, Sept 20 (Reuters) – YouTube unveiled a new way for creators to make money on short-form video, as it faces intensifying competition from TikTok. The Google-owned (GOOGL.O) streaming service announced Tuesday that it would introduce advertising on its video feature Shorts and give video … Read more

Apple to raise App Store prices in some countries in Europe, Asia

Apple to raise App Store prices in some countries in Europe, Asia

A man walks next to an advertisement for Apple’s new iPhone 11 Pro at the Apple Store in IFC, Central district, Hong Kong, China October 10, 2019, after Apple Inc on Wednesday removed an app that protestors in Hong Kong have used to track police movements from its app store. REUTERS/Athit Perawongmetha/File Photo Register now … Read more

Google loses challenge against EU antitrust decision, other probes loom

Google loses challenge against EU antitrust decision, other probes loom

Register now for FREE unlimited access to Reuters.com Register LUXEMBOURG, Sept 14 (Reuters) – Google suffered one of its biggest setbacks on Wednesday when a top European court fined it 4.125 billion euros ($4.13 billion) for using its Android mobile operating system to thwart rivals, offering a precedent for other regulators to ratchet up pressure. … Read more

Exclusive: Biden to hit China with broader curbs on U.S. chip and tool exports

Exclusive: Biden to hit China with broader curbs on U.S. chip and tool exports

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 11(Reuters) – The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said. The Commerce Department intends to publish new regulations based on restrictions communicated … Read more

Kim Kardashian to launch private equity firm with former Carlyle partner

Kim Kardashian to launch private equity firm with former Carlyle partner

Register now for FREE unlimited access to Reuters.com Register Sept 7 (Reuters) – Reality television star and entrepreneur Kim Kardashian and a former partner at Carlyle Group Inc (CG.O) Jay Sammons are launching a new private equity firm focused on investing in consumer and media businesses, according to a joint statement. The new firm, named … Read more

Apple to appeal Brazil sales ban of iPhone without charger

Apple to appeal Brazil sales ban of iPhone without charger

A customers holds the new green colour Apple iPhone 13 pro shortly after it went on sale inside the Apple Store on 5th Avenue in Manhattan in New York City, New York, U.S., March 18, 2022. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register SAO PAULO, Sept 6 (Reuters) – Apple Inc … Read more

Shenzhen shuts most public transport as China battles multiple outbreaks

Shenzhen shuts most public transport as China battles multiple outbreaks

Register now for FREE unlimited access to Reuters.com Register Shenzhen suspends public transport across majority of city Toyota, VW plants in Chengdu operate in ‘closed loops’ Chinese blue-chip stocks fall as curbs cloud outlook SHENZHEN, China, Sept 2 (Reuters) – The main districts of Chinese tech hub Shenzhen shut down public transport andextended curbs on … Read more