Tech

Foxconn apologises for pay-related error at China iPhone plant after worker unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over pay, conditions Apple says it has team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone factory in China …

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Volkswagen says all brands have halted paid activities on Twitter

BERLIN, Nov 23 (Reuters) – Volkswagen’s (VOWG_p.DE) brands have halted all paid activities on Twitter until further notice, a spokesperson for the company said on Wednesday. Earlier this month, Volkswagen, which owns Audi together with the VW, Seat, Cupra, Lamborghini, Bentley, Ducati and Porsche (P911_p.DE), said it had recommended the brands pause paid advertising on …

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FTC likely to file argument to block Microsoft’s $69 bln bid for Activision – Politico

Nov 23 (Reuters) – The US Federal Trade Commission (FTC) is likely to file an antitrust argument to block Microsoft Corp’s (MSFT.O) $69 billion takeover bid for video game publisher Activision Blizzard Inc (ATVI.O), Politico reported on wednesday A challenging the deal is not guaranteed, and the FTC’s four commissioners have yet to vote out …

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Wall Street rises as Fed signals rate hikes may slow

Growth stocks bounce as Treasury yields drop Indexes: Dow up 0.29%, S&P 500 up 0.53%, Nasdaq up 0.93% Futures: S&P up 0.5%, Dow 500 up 0.3%, Nasdaq up 0.8% Nov 23 (Reuters) – Wall Street’s main indexes edged higher on Wednesday after minutes from the Federal Reserve’s November meeting showed interest rate hikes may slow …

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Elon Musk pokes fun at ‘Stay Woke’ shirts found at Twitter HQ

Elon Musk is literally cleaning out the closets of Twitter, laughing after finding a stack of unworn “Stay Woke” T-shirts. The world’s richest man posted a video late Tuesday of him holding up one of the progressive-slogan shirts in a video seen more than 10.2 million times in just hours. “Found in closet at Twitter …

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Stick-wielding men smash surveillance cameras at China iPhone plant

SHANGHAI, Nov 23 (Reuters) – Men wielding sticks smashed surveillance cameras and windows at a massive campus owned by Apple (AAPL.O) supplier Foxconn (2317.TW) in the Chinese city of Zhengzhou, scenes broadcast live on the Kuaishou short video platform showed on Wednesday. Hundreds of workers protested at the campus, home to the world’s largest iPhone …

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Sony to expand Chinese game incubator in Microsoft head-to-head

HONG KONG, Nov 22 (Reuters) – Sony Group Corp (6758.T) said on Tuesday it plans to expand a program to identify and incubate Chinese-made games, in a race with Microsoft Corp (MSFT.O) to tap China’s gaming market. The program will invest more than 1 million yuan ($140,080) in each game it enrols, and will not …

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Congress to hold hearing on Ticketmaster problems after Taylor Swift debacle

WASHINGTON, Nov 22 (Reuters) – A US Senate antitrust panel will hold a hearing on the lack of competition in the ticketing industry after Ticketmaster’s problems last week managing the sale of Taylor Swift tickets, Senator Amy Klobuchar, chair of the panel, said on Tuesday. Senators Klobuchar and Mike Lee, the top Republican on the …

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Harrison Ford will be ‘de-aged’ in ‘Indiana Jones 5’

Harrison Ford has sparked much conversation over reprising his iconic Indiana Jones role for the final time at 80 years old — but he’ll be looking a lot younger. The fifth installment of the “Indiana Jones” franchise will open in 1944 — eight years after the events in 1981’s “Raiders of the Lost Ark.” Four …

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Exclusive: China set to fine Ant Group over $1 billion, signaling revamp nears end-sources

HONG KONG, Nov 22 (Reuters) – Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s two-year long regulatory overhaul. The People’s Bank of China (PBOC), which has been driving …

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