(Reuters) -Meta Platforms Inc will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday, the Wall Street Journal reported. Zuckerberg appeared downcast in Tuesday’s meeting and said he …
Disney streaming beats Wall Street targets, earnings miss
By Dawn Chmielewski and Lisa Richwine (Reuters) – Walt Disney Co said on Tuesday its marquee streaming service, Disney+, gained more subscribers than Wall Street had expected, but investment costs dragged quarterly earnings below analysts’ targets. Sha…
China stages historic air show under cloud of zero-COVID
By Sophie Yu and Norihiko Shirouzu BEIJING (Reuters) -China staged a low-key but historic debut of its C919 civil jet at its biggest air show on Tuesday, with some delegates unable to attend the scaled-down event because of Beijing’s zero-COVID policy …
UK’s Next set to buy British furniture retailer Made.com – Bloomberg News
(Reuters) – UK clothing retailer Next Plc is in line to acquire British online furniture retailer Made.com Group which has appointed PwC as its administrator, Bloomberg News reported on Tuesday, citing a person familiar with the matter. Made.com and Ne…
South Africa’s new ground station to help NASA track space flights
By Wendell Roelf MATJIESFONTEIN, South Africa (Reuters) – A new deep-space ground station being built in South Africa’s semi-desert Karoo region will come online by 2025 to help track history-making NASA missions to the moon and beyond, space agency of…
COP27: Hosts launch plan to help poorest adapt to climate change
By Gloria Dickie, Simon Jessop and Valerie Volcovici SHARM EL-SHEIKH, Egypt (Reuters) – The hosts of the COP27 climate talks on Tuesday launched a global plan to help the world’s poorest communities withstand the impacts of global warming. Unveiling th…
Elon Musk’s net worth slips below $200 billion as Tesla shares waver
(Reuters) – Elon Musk’s net worth dropped below $200 billion on Tuesday as investors dumped Tesla Inc shares on fears the top executive and largest shareholder of the world’s most valuable electric-vehicle maker is more preoccupied with Twitter. Musk n…
Migrant charity ship spurned by Italy heads to France
By Alvise Armellini and Angelo Amante ROME (Reuters) -A migrant rescue ship with more than 200 people on board headed to France on Tuesday after Italy’s new right-wing government refused it to dock at one of its ports though it allowed another charity …
Stellantis to halt Melfi plant operations in Italy for two days
MILAN (Reuters) -Stellantis will halt operations at its Melfi plant in southern Italy on Wednesday and Thursday due to a shortage of a component that uses micro chips, a trade unionist said. Marco Lomio, the local head of UILM metalworkers union, said …
Care homes group Orpea’s revenue boosted by growth outside of France
(Reuters) – France’s Orpea, hit by accusations of malpractice at its French retirement homes, on Tuesday reported a jump in third-quarter revenue, driven by strong growth outside of France, rising occupancy rates, and contribution from facilities opene…