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Asia

Microsoft under fire after hacks of US State and Commerce departments

BY Reuters  • July 13, 2023July 13, 2023
By Raphael Satter WASHINGTON (Reuters) – In late June, one of cybersecurity expert Steven Adair’s clients got an alert from Microsoft: one of the client’s employees working on human[...]
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Asia Business Technology Top News Updated US

A US auto union president who accepts ‘no limits’

BY Reuters  • July 13, 2023July 13, 2023
By Joseph White DETROIT (Reuters) – United Auto Workers President Shawn Fain is not a shouter. When he addresses union members in Facebook videos, or appears in public, he rarely raises his voic[...]
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Asia Business Economy Europe Politics Top News Updated US

Cooler inflation keeps stocks up, dollar and yields down

BY Reuters  • July 13, 2023July 13, 2023
By Lawrence Delevingne and Huw Jones (Reuters) -U.S. stocks rose again and global equities hit new highs for 2023 on Thursday, while the dollar and Treasury yields continued to slide, as slowing U.S.[...]
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Asia Australia Business Economy Europe Top News Updated US

Chinese hackers breached US Commerce chief’s emails; Blinken warns Chinese counterpart

BY Reuters  • July 13, 2023July 13, 2023
By David Shepardson and Christopher Bing WASHINGTON (Reuters) – U.S. Commerce Department Secretary Gina Raimondo was among a group of senior U.S. officials whose emails were hacked earlier this[...]
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Asia Business Politics Technology Top News Updated US

IMF sees ‘pockets of resilience’, slowing momentum in global economy

BY Reuters  • July 13, 2023July 13, 2023
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Thursday that first quarter global growth slightly outpaced projections in its April forecasts, but data since then has sh[...]
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Asia Business Economy Europe Politics Top News Updated US

Oil prices up, hit nearly 3-month high as US inflation eases

BY Reuters  • July 13, 2023July 13, 2023
By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose over 1% on Thursday to their highest in nearly three months after U.S. inflation data suggested interest rates in the world’s bigges[...]
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Asia Business Economy Europe Updated

Chip wars: How ‘chiplets’ are emerging as a core part of China’s tech strategy

BY Reuters  • July 13, 2023July 13, 2023
By Jane Lanhee Lee and Eduardo Baptista (Reuters) – The sale of struggling Silicon Valley startup zGlue’s patents in 2021 was unremarkable except for one detail: The technology it owned, designe[...]
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Asia Business Economy Europe Technology Updated US

Goldman Sachs is about to report its worst quarterly earnings in years – Semafor

BY Reuters  • July 13, 2023July 13, 2023
(Reuters) – Goldman Sachs will report its worst quarterly earnings in years next week, with a return on equity in the low single digits, Semafor reported on Thursday citing people familiar with[...]
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Asia Business Economy Europe US

Dollar nosedives as US producer price inflation eases in June

BY Reuters  • July 13, 2023July 13, 2023
By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) – The dollar slumped to its lowest since April 2022 on Thursday, as cooling U.S. inflation bolstered expectations that the[...]
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