France, Germany, Spain agree to continue development of FCAS combat aircraft – Berlin

BERLIN/PARIS, Nov 18 (Reuters) – France, Germany and Spain have agreed to start the next phase of development of a new fighter jet called FCAS, Europe’s largest defense project with an estimated cost of more than 100 billion euros ($103.4 billion). ), the German government said on Friday. The defense ministry said in a statement … Read more

Amazon plans to lay off 10,000 employees starting this week – NYT

Nov 14 (Reuters) – Inc (AMZN.O) plans to lay off about 10,000 workers in business and technology jobs as early as this week, the New York Times reported Monday, citing people with the know-how. The job cuts will focus on the e-commerce giant’s devices unit, which houses voice assistant Alexa, as well as its … Read more

Nasdaq, S&P 500 end sharply higher, fueled by inflation optimism

Growth stocks lead value, Nasdaq rises Nasdaq and S&P 500 rise for second day Indexes End: S&P 500 +0.93%, Nasdaq +1.88%, Dow +0.10% Nov 11 (Reuters) – The S&P 500 and Nasdaq finished sharply higher on Friday, continuing a rally that had started the day before after soft inflation raised hopes that the Federal Reserve … Read more

No Microsoft fixes in first EU antitrust assessment of Activision deal – source

BRUSSELS, Oct. 31 (Reuters) – Microsoft Corp’s (MSFT.O) has offered no remedies to EU antitrust regulators reviewing its proposed $69 billion bid for “Call of Duty” maker Activision Blizzard (ATVI.O) ahead of an expected full-scale EU probe, a person familiar with the matter said on Monday. The US software company is betting on the acquisition … Read more

Microsoft boosts search for Chinese game hits in race against Sony

HONG KONG, Oct. 25 (Reuters) – Microsoft Corp (MSFT.O) stocks Chinese video game content to mimic the success of Sony Group Corp (6758.T) with “Genshin Impact,” sources said, signaling China’s transition from a country only confirms from players to a hub of blockbuster developers. The US software giant and Japan’s technology vanguard has been offering … Read more

Dollar absorbs suspected yen intervention, Chinese data mixed Dollar ravaged vs. yen over suspected BOJ intervention Stocks pair early gains as Chinese markets ease China’s GDP beats forecasts, but retail sales disappoint Stg flat as Boris Johnson bows out of PM race SYDNEY, Oct. 24 (Reuters) – The US dollar weathered another suspected explosion of Japanese intervention on Monday to push the … Read more

US wants to harass Chinese chip industry with sweeping new export rules

Oct. 7 (Reuters) – The Biden administration on Friday released a sweeping series of export controls, including a measure to cut off China from certain semiconductor chips made around the world with U.S. tools, vastly increasing its reach in its bid to technological and military progress. The rules, some of which will take effect immediately, … Read more

Tencent shifts focus to majority deals, foreign gaming assets for growth sources

HONG KONG, Oct. 1 (Reuters) – Tencent is realigning its M&A strategy to focus more on buying controlling stakes, primarily in foreign gaming companies, as the tech giant sees global expansion to offset slowing growth at home in China, people with direct knowledge of said case. Tencent Holding Ltd (0700.HK) has been investing in hundreds … Read more

Wall Street nears third quarter loss in a row

S&P 500 for worst September, longest streak of quarterly declines since the Great Recession Nike collapses after margin warning Indices down: Dow 0.73%, S&P 0.40%, Nasdaq 0.18% NEW YORK, Sept. 30 (Reuters) – Wall Street reeled from the end of the S&P 500’s steepest drop in September since the global financial crisis on Friday, closing … Read more

British-Ghanaian gaming collective provides safe haven for players of diversity

Register now for FREE unlimited access to Register ACCRA, Sept. 8 (Reuters) – A door with a keyboard in the Ghanaian capital Accra hid a neon-lit hall with flickering processors, clicking keyboards and excited voices. The young crowd erupted as brother defeated sister in a hard-fought but good-humoured round of Mortal Kombat. British-Ghanaian gamer … Read more