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    1. Business News
    2. Authors
    3. reuters

    Reuters

    Growth in the world's largest economy, the United States, shrank for the second straight quarter, while in the eurozone business growth slowed sharply in June due to the rising cost of living.
    Companies cut jobs, freeze hiring to prepare for economic slowdown

    Company name Date Layoffs impact Commentary Alibaba Group March 16 About 39,000 staff Started firing employees in February.

    By Reuters
    August 3, 2022 16:53 IST
    BMW sees full-year drop in output amid volatile second half
    BMW sees full-year drop in output amid volatile second half

    The premium carmaker expects a solid sales increase in the second half but said total deliveries will fall short of…

    By Reuters
    August 3, 2022 16:49 IST
    Nickel West unit
    BHP to boost nickel exploration spending amid EV boom

    BHP, through its Nickel West unit, has supply agreements for the metal with Tesla and Toyota, and this month also…

    By Reuters
    Updated: August 4, 2022 12:19 IST
    Rivals include Tencent-backed Epic Games, the U.S. developer of the increasingly popular Unreal Engine 5.
    US game software developer Unity in talks to spin off China unit -sources

    The talks come as strained Sino-U.S. relations exacerbate sensitivities over technology transfer and data handling across borders, prompting tech firms…

    By Reuters
    August 3, 2022 13:40 IST
    In a joint statement, the Reserve Bank of Australia Governor Philip Lowe and the Australian Securities and Investments Commission (ASIC) Chair Joseph Longo expressed their disappointment on the further delay
    Australian stock exchange operator delays software overhaul by 20 months

    ASX, which has been battling with software glitches, said it will engage Accenture to provide an independent review of the…

    By Reuters
    August 3, 2022 11:09 IST
    Robinhood previously laid off 9% of its full-time staff earlier this year
    Robinhood posts 44% slump in revenue, slashes headcount by 23%

    The company posted a net loss of $295 million or 34 cents per diluted share

    By Reuters
    August 3, 2022 08:50 IST
    Petrol, Diesel, Crude, tax Hike, Modi Govt
    Tax hike on petroleum: Crude oil production tax raised; diesel, jet fuel export tax cut by this much per litre

    India raised the tax on domestically produced crude to Rs 17,750 per tonne from Rs 17,000 per tonne

    By Reuters
    Updated: August 2, 2022 23:33 IST
    Nancy Pelosi, Nancy Pelosinews, Nancy Pelosi Taiwan, Nancy Pelosi Taiwan visit, Nancy Pelosi latest, China, Beijing, Washington
    Nancy Pelosi arrives in Taiwan, voicing US ‘solidarity’ as China fumes

    Chinese warplanes buzz Taiwan Strait dividing line

    By Reuters
    Updated: August 2, 2022 22:07 IST
    Innoviz
    Israel-based LiDAR maker Innoviz bags $4 billion supply deal with Volkswagen

    The components, including laser-based LiDAR sensors, will be used in Advanced Driver Assistance Systems (ADAS) and automated vehicles from multiple…

    By Reuters
    August 2, 2022 19:23 IST
    china taiwan
    Chinese warplanes buzz line dividing Taiwan Strait before expected Pelosi visit, says source

    A visit by Pelosi, a long-time critic of China, would come amid worsening ties between Washington and Beijing.

    By Reuters
    August 2, 2022 18:18 IST
    Over one billion dollars has been stolen from bridges so far in 2022, according to London-based blockchain analytics firm Elliptic
    US cryptocurrency firm Nomad hit by $190 million theft

    The heist targeted Nomad’s “bridge” – a tool which allows users to transfer tokens between blockchains

    By Reuters
    Updated: August 2, 2022 15:28 IST
    Aeva strikes deal to sell industrial sensors to Germany automation firm
    Aeva strikes deal to sell industrial sensors to Germany automation firm

    Silicon Valley-based Aeva makes lidar sensors, which can help self-driving cars and other devices gain a three-dimensional view of their…

    By Reuters
    August 2, 2022 11:42 IST
    Assets under management in digital asset investment products rose 16.9% to $25.9 billion in July, reversing June's decline of 36.8%, according to research firm CryptoCompare.
    Cryptoverse: Bitcoin beats the heat in a jumpin’ July

    The leading cryptocurrency has been consistently positively correlated with the Nasdaq since late November, unlike in previous years where it…

    By Reuters
    August 2, 2022 10:53 IST
    Those charged included the four founders of the scheme named Forsage. They were last known to be living in Russia, the Republic of Georgia, and Indonesia, the SEC said in a statement.
    US SEC charges 11 individuals in $300 million crypto pyramid scheme

    Forsage also allegedly used assets from new investors to pay earlier investors in a typical Ponzi structure, the SEC complaint…

    By Reuters
    August 2, 2022 10:22 IST
    Zomato, Zomato News, Zomato Latest, Deepinder Goyal, Zomato Deepinder Goyal, Zomato memo
    Zomato plans new management structure, with multiple CEOs, says internal memo

    The parent company would be renamed “Eternal”, an internal company memo seen by Reuters said.

    By Reuters
    August 1, 2022 20:29 IST
    Indonesia to issue nickel export tax rules in Q3 -official
    Indonesia to issue nickel export tax rules in Q3 -official

    Indonesia, once a major nickel ore exporter, banned exports of unprocessed nickel in 2020 to attract investment into its smelting…

    By Reuters
    August 1, 2022 17:19 IST
    China's Nio to make power products for Europe at its first overseas plant
    China’s Nio to make power products for Europe at its first overseas plant

    The plant, in Pest, Hungary, will develop and manufacture power products such as battery-swapping stations to serve European users, Nio…

    By Reuters
    Updated: August 1, 2022 17:04 IST
    alibaba stock
    China’s Alibaba strives to keep New York listing amid audit dispute

    Alibaba stock was down 4.5% in a near-flat Hong Kong market in early trade, following its 11.1% decline in New…

    By Reuters
    August 1, 2022 09:49 IST
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    Latest News

    bihar election, bihar election 2025, bihar election news, bihar election manifesto, nda manifesto, nda

    NDA’s ‘Sankalp Patra’ promises 1 cr jobs, metros in 4 cities, airports in Bihar

    ACC Cement posted a 460 per cent YoY profit growth in the second quarter

    ACC Cement Q2 profit surges 460% YoY to Rs 1,119 Crore; Revenue jumps 30%

    Netflix stock split, Netflix 10-for-1 split, Netflix share price, NFLX stock news, Netflix investors

    Netflix Stock Split: Get 9 additional shares for each share held – Check record dates

    BEL Q2FY26 results: Net profit rises 18%

    BEL Q2 FY26: Consolidated net profit rises 18%; revenue at Rs 5,792.09 crore

    Whatsapp backup passkey

    WhatsApp finally fixes chat backup problem: End-to-end encryption now with Passkey, here’s how to set it up

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