Tag: EUROP
Wall Street ends lower, pausing rally as Powell testimony looms
U.S. stocks softened on Tuesday, closing in negative territory as investors began the holiday-shortened week by taking profits in the wake of a sustained rally amid signs of weakening global demand.
Italy warns hackers targeting known server vulnerability
Thousands of computer servers around the world have been targeted by a ransomware attack, the country's National Cybersecurity Agency said, warning organizations to protect their systems.
Musk bullish on Tesla sales as price cuts boost demand
Tesla Inc's aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down concerns that a weak economy would throttle buyers' interest.
Spotify to trim 6% of workforce in latest tech layoffs
Spotify Technology SA said on Monday it plans to cut 6% of its workforce and would take a related charge of up to nearly $50 million, adding to the massive layoffs in the technology sector in preparation for a possible recession.
Pakistan scrambles to restore power after second major grid breakdown in months
Pakistan's government said it was scrambling to restore power to millions of people on Monday after a breakdown in the grid triggered the worst electricity outage in months and highlighted the weak infrastructure of the heavily indebted nation.
Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI
The job cuts affect 6% of the Google parent's workforce, and follow thousands of layoffs at tech giants who are downsizing after a pandemic-led hiring spree left them flabby in a weak economy.
U.S. officials advise Ukraine to wait on offensive, official says
Senior U.S. officials are advising Ukraine to hold off on launching a major offensive against Russian forces until the latest supply of U.S. weaponry is in place and training has been provided, a senior Biden administration official said on Friday.
Hundreds evacuated as blaze erupts in slum next to Seoul's posh Gangnam district
Fire swept through part of a shanty town in the South Korean capital, Seoul, on Friday, destroying 60 homes, many constructed from cardboard and wood, and forcing the evacuation of around 500 people.
Davos 2023: Greta Thunberg accuses energy firms of throwing people 'under the bus'
Greta Thunberg called on the global energy industry and its financiers to end all fossil fuel investments on Thursday at a high-profile meeting in Davos with the head of the International Energy Agency (IEA).
China's first population drop in six decades sounds alarm on demographic crisis
China's population fell last year for the first time in six decades, a historic turn that is expected to mark the start of a long period of decline in its citizen numbers with profound implications for its economy and the world.
Microsoft faces EU antitrust warning over Activision deal - sources
Microsoft is likely to receive an EU antitrust warning about its $69 billion bid for "Call of Duty" maker Activision Blizzard , people familiar with the matter said, that could pose another challenge to completing the deal.
After 30 years, Italy arrests mafia boss Messina Denaro at Sicilian hospital
Italy's most wanted mafia boss, Matteo Messina Denaro, was arrested by armed police at a private hospital in Sicily on Monday, where the man who has been on the run since 1993 was being treated for cancer.
Eisai, Biogen receives U.S. FDA approval for Alzheimer's drug, applies for full approval
The drug aims to slow the advance of the neurodegenerative disease. Nearly all previous experimental drugs using the same approach have failed.
Sam Bankman-Fried pleads innocent in the FTX fraud case - October trial set
A judge set an Oct. 2 trial date.
Xi tells Scholz China, Germany should step up cooperation in turbulent times
Chinese President Xi Jinping on Friday touted the need for greater cooperation between China and Germany amid "times of change and turmoil" in a meeting with Chancellor Olaf Scholz, the first G7 leader to visit China since the pandemic began.