(Reuters) – Britain said on Friday it will provide 211 million pounds ($236.6 million) in funding for battery research and development through its Faraday Battery Challenge, which supports technology development and manufacturing capability for batteri…
Snap’s slowing ad growth sends inflation fears through tech sector
By Sheila Dang (Reuters) – Snap Inc on Thursday forecast no revenue growth in the typically busy holiday quarter, sending a warning signal that rising inflation and the war in Ukraine could hurt other tech companies dependent on advertising revenue. Sh…
Wall St loses ground on fears of prolonged Fed hawkishness
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended the session lower and benchmark Treasury yields continued their ascent on Thursday after investors weighed generally upbeat earnings against the prospect that the Federal Reserve could hold firm on…
Affluent splash out on pricey Birkin bags but clouds loom
By Mimosa Spencer and Dominique Vidalon PARIS (Reuters) -Brushing off higher prices, affluent spenders are continuing to splash out on luxuries including $10,000 handbags, high-end perfumes and premium drinks, trading updates from Birkin bag maker Herm…
U.S. jury finds Credit Suisse did not rig forex market
By Jody Godoy (Reuters) -A U.S. jury found on Thursday that Credit Suisse Group AG did not conspire with the world’s largest banks to rig prices in the foreign exchange market between 2007 and 2013, handing the bank a win as it works to restructure and…
Truphone to pay $600,000 U.S. fine, ensure Russian ownership divested
By David Shepardson WASHINGTON (Reuters) – The parent company of a small Montana wireless carrier will pay a $600,000 fine and ensure that any ownership interests by Russian investors is divested, a U.S. agency said on Thursday. The Federal Communicati…
About 50 people killed in Chad protests, government says
By Mahamat Ramadane N’DJAMENA (Reuters) -About 50 people were killed and nearly 300 injured in violence that broke out in Chad on Thursday as hundreds took to the streets to demand a quicker transition to democratic rule. Prime Minister Saleh Kebzabo, …
America’s new nuclear power industry has a Russian problem
By Sarah McFarlane, Timothy Gardner and Susanna Twidale WASHINGTON/LONDON (Reuters) – U.S. firms developing a new generation of small nuclear power plants to help cut carbon emissions have a big problem: only one company sells the fuel they need, and i…
Google fined $162 million by India antitrust watchdog for abuse of Android platform
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -India’s competition regulator on Thursday ordered Alphabet Inc’s Google to change its approach to its Android platform and fined the U.S. tech company 13.38 billion Indian rupees ($161.95 millio…
Factbox-How will the contest to replace Liz Truss as UK prime minister work?
LONDON (Reuters) – A contest to replace Liz Truss as Conservative Party leader and Britain’s prime minister is underway after she said on Thursday she would resign. The election will take place within the governing party and is due to be completed next…