Elon Musk restores Twitter accounts of journalists after suspensions draw backlash

Elon Musk restores Twitter accounts of journalists after suspensions draw backlash

Dec 17 (Reuters) – Elon Musk reinstated the Twitter accounts of several journalists that were suspended for a day over a controversy on publishing public data about the billionaire’s plane. The reinstatements came after the unprecedented suspensions evoked stinging criticism from government officials, advocacy groups and journalism organizations from several parts of the globe on … Read more

Hong Kong tycoon Jimmy Lai jailed over five years on fraud charge

Hong Kong tycoon Jimmy Lai jailed over five years on fraud charge

HONG KONG, Dec 10 (Reuters) – Pro-democracy Hong Kong tycoon Jimmy Lai was sentenced on Saturday to five years and nine months in prison for fraud, convicted of violating a lease contract for the headquarters of a liberal newspaper he used to run. Lai, 75, was found guilty of two counts of fraud for covering … Read more

Wall Street ends lower as investors digest economic data

Wall Street ends lower as investors digest economic data

U.S. producer prices increase in November Consumer sentiment improves in December Lululemon tumbles after downbeat forecast Indexes close: S&P 500 -0.73%, Nasdaq -0.70%, Dow -0.90% Dec 9 (Reuters) – Wall Street ended lower on Friday as investors assessed economic data and awaited a potential 50-basis point interest rate hike by the U.S. Federal Reserve at … Read more

Google must remove ‘manifestly inaccurate’ data, EU top court says

Google must remove ‘manifestly inaccurate’ data, EU top court says

LUXEMBOURG, Dec 8 (Reuters) – Alphabet unit Google (GOOGL.O) must remove data from online search results if users can prove it is inaccurate, Europe’s top court said on Thursday. Free speech advocates and supporters of privacy rights have clashed in recent years over people’s “right to be forgotten” online, meaning that they should be able … Read more

DoorDash cuts 1,250 jobs to control ballooning costs

DoorDash cuts 1,250 jobs to control ballooning costs

Nov 30 (Reuters) – DoorDash Inc (DASH.N) said on Wednesday it was cutting about 1,250 jobs, or 6% of its total workforce, as the food-delivery company looks to keep a lid on costs to cope with a slowdown in demand. DoorDash, went on a hiring spree to cater to a flood of orders from people … Read more

Wall Street ends down sharply, hit by Apple and China worries

Wall Street ends down sharply, hit by Apple and China worries

Cyber Monday spending to hit $11.6 bln – report Crypto shares fall on BlockFi bankruptcy filing Biogen down after death in Alzheimer drug trial Indexes end: S&P 500 -1.54%, Nasdaq -1.58%, Dow -1.45% Nov 28 (Reuters) – U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked … Read more

Exclusive: How FTX bought its way to become the ‘most regulated’ crypto exchange

Exclusive: How FTX bought its way to become the ‘most regulated’ crypto exchange

FTX bought a 10% stake in IEX with an option to acquire 100% FTX spent $2 billion on ‘acquisitions for regulatory purposes’ Documents show FTX saw its regulatory status as a way of luring new capital from major investors Nov 18 (Reuters) – Before it collapsed this month, FTX stood apart from many rivals in … Read more

China’s NetEase tumbles after ending 14-year gaming deal with Blizzard

China’s NetEase tumbles after ending 14-year gaming deal with Blizzard

Nov 17 (Reuters) – Blizzard Entertainment (ATVI.O) said on Thursday it will no longer offer games such as ‘World of Warcraft’ and ‘Hearthstone’ in China from next year once its deal with NetEase (9999.HK) ends, prompting shares in the Chinese internet giant to tumble. California-based Blizzard said it was unable to reach a deal with … Read more

UK, France seen striking migrant deal, Mediterranean states seek new rules

UK, France seen striking migrant deal, Mediterranean states seek new rules

LONDON, Nov 12 (Reuters) – Britain and France are set to agree a deal possibly as soon as Monday to ramp up their joint efforts to stop illegal migrants from making perilous crossings of the English Channel, a British newspaper reported on Saturday. The agreement will significantly increase the 200 French officers and volunteers who … Read more

Wall Street rallies on hopes of less aggressive Fed

Wall Street rallies on hopes of less aggressive Fed

Some Fed officials show desire to slow down hikes -WSJ Twitter, Meta fall after Snap’s ad warning AmEx, Verizon Communications fall after earnings Dow up 2.13%, S&P 500 up 2.03%, Nasdaq up 1.87% NEW YORK, Oct 21 (Reuters) – U.S. stocks jumped on Friday after a report said the U.S. Federal Reserve will likely debate … Read more