TOKYO (Reuters) – Japan’s factory output fell 3.6% in June from the previous month, versus a median market forecast for a 4.8% drop, government data showed on Wednesday. Manufacturers surv[...]
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July 30, 2024
US rejects airlines bid for more time on passenger obligations
By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg on Tuesday warned the 10 largest U.S. airlines they must comply with new passenger refund obligations passed by C[...]
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Tinder parent Match to cut 6% jobs as activist investors seek changes
By Jaspreet Singh (Reuters) – Match Group will let go about 6% of its staff as part of plans to discontinue live-streaming services on its dating apps, the Tinder parent said on Tuesday, as acti[...]
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Japan’s new currency diplomat keeps intervention on table to stabilise yen
By Makiko Yamazaki and Takaya Yamaguchi TOKYO (Reuters) -Japan will retain its basic approach on the yen with intervention remaining an option to tackle excessively volatile moves in the exchange rate[...]
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Global accounting body wants more rigour in showing climate impacts
By Huw Jones LONDON (Reuters) – A global accounting body on Wednesday proposed guidance on how companies can do more to show the impact of climate change on their financial performance, saying s[...]
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Starbucks efficiency gains bolster profit as China, US drag sales
By Juveria Tabassum and Waylon Cunningham (Reuters) -Starbucks’ store operation improvements helped the coffee chain meet Wall Street expectations for quarterly profit, even as its global sales[...]
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AMD raises forecast for AI chip revenue and sees supplies remaining tight
By Max A. Cherney and Arsheeya Bajwa (Reuters) – Advanced Micro Devices on Tuesday increased its 2024 forecast for artificial intelligence chip sales by $500 million and said supplies would rema[...]
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Mondelez International misses quarterly revenue estimates due to weaker demand
By Anuja Bharat Mistry (Reuters) -Cadbury parent Mondelez International missed expectations for second-quarter revenue on Tuesday, as budget-conscious customers opted for lower-priced alternatives ami[...]
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Intel plans to cut thousands of jobs to finance recovery, Bloomberg News reports
(Reuters) -Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share, Bloomberg News reported on Tuesday, citing people familiar with the matter. Shares of the chip[...]
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