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

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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

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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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EU split on Russian oil price cap level, talks to resume Thursday

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BRSELS, Nov 23 (Reuters) – European UnionUS failed to reach a deal on Wednesday at what level to cap prices for Russian sea-borne oil under the Group of Seven nations (G7) scheme and will resume talks on Thursday evening or on Friday , EU diplomats said. Earlier on Thursday of the EU’s 27 met in …

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US weekly jobless claims at 3-month high; equipment spending resilient

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Weekly jobless claims increase 17,000 to 240,000 Continuing claims rise 48,000 to 1.551 million Core capital goods orders rebound 0.7% in October Shipments of core capital goods surge 1.3% WASHINGTON, Nov 23 (Reuters) – The number of Americans filing new claims for jobless benefits increased to a three-month high last week amid rising layoffs in …

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Oil slides over 3% on Russian price cap talks, US gasoline build

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EIA US gasoline stocks data shows higher-than-expected build G7 price cap on Russian oil could be above current trading level Chinese demand concerns weigh as COVID-19 cases surge Majority of Fed officials see rate hikes slowing soon HOUSTON, Nov 23 (Reuters) – Oil prices fell more than 3% on Wednesday, continuing a streak of volatile …

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Wall Street rises as Fed signals rate hikes may slow

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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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Russia revives Soviet-era Moskvich brand with Chinese model

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This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 23 (Reuters) – After a two-decade hiatus, Russia on Wednesday launched production of the Moskvich car brand at a plant near Moscow given up by the French carmaker Renault, with a new, modern Chinese design that …

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Investors batten down ahead of Fed minutes, Eurozone recession fears grow

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Fed minutes awaited US Thanksgiving public holiday on Thursday Stock eke out slim gains globally Eurozone economic data points to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global shares were little changed on Wednesday as investors kept their eyes peeled for the minutes of a Federal Reserve meeting that could …

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Oil rises 1% as OPEC+ focus on supply cuts outweighs recession concerns

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EU softens Russian oil price-cap plan -Bloomberg Saudi Arabia, other OPEC producers deny output hike talks Beijing shuts parks and museums as China’s COVID cases rise Coming up: API supply report at 4:30 pm EST (2130 GMT) NEW YORK, Nov 22 (Reuters) – Oil prices rose about 1% on Tuesday after top exporter Saudi Arabia …

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Ronaldo to leave Manchester United after criticism of club

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Nov 22 (Reuters) – Manchester United forward Cristiano Ronaldo will leave with immediate effect, the Premier League team said on Tuesday, marking a bitter end to the Portugal captain’s second spell at Old Trafford after he said he felt betrayed by the club. An explosive interview with TalkTV this month — in which Ronaldo also …

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