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

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

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

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

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

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

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

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

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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