NEWS1

Foxconn expects COVID-hit China plant back to full output in late Dec-early Jan -source

TAIPEI, Dec 5 (Reuters) – Apple supplier Foxconn (2317.TW) expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January, a Foxconn source said on Monday, after worker unrest disrupted the world’s biggest iPhone factory. The Zhengzhou plant has been grappling with strict COVID-19 restrictions that have fueled discontent …

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Crypto exchange Gemini is trying to get $900 million back from crypto lender Genesis, Financial Times reported.

December 3 (Reuters) – Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe $900 million to clients of the Winklevoss twins crypto exchange Gemini, the Financial Times reported on Saturday. Citing sources, the newspaper said that crypto exchange Gemini was trying to get the funds back after Genesis went astray due to …

Crypto exchange Gemini is trying to get $900 million back from crypto lender Genesis, Financial Times reported. Read More »

OPEC+ maintains stable policy amid weakening economy and Russia’s oil ceiling

No discussion about the ceiling price in Russia – delegates Oil prices come under pressure from weak economy Next meetings will be held on 1 February 1 and 3-4 June LONDON/DUBAI, Dec 4 (Reuters) – OPEC+ agreed to stick to oil production targets at its meeting on Sunday, as oil markets struggled to assess the …

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Exclusive: Twitter exec says moving fast on moderation, as harmful content surges

Dec 2 (Reuters) – Elon Musk’s Twitter is leaning heavily on automation to moderate content, doing away with certain manual reviews and favoring restrictions on distribution rather than removing certain speech outright, its new head of trust and safety told Reuters. Twitter is also more aggressively restricting abuse-prone hashtags and search results in areas including …

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US job growth strong in November; wages rise

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – US employers hired more workers than expected in November and increased wages despite mounting worries of a recession, but that will probably not stop the Federal Reserve from …

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US job growth likely slowed again in November; labor market still tight

Nonfarm payrolls forecast increasing 200,000 in November Unemployment rate seen unchanged at 3.7% Average hourly earnings forecast gaining 0.3%; up 4.6% y/y WASHINGTON, Dec 2 (Reuters) – US job growth was likely the smallest in nearly two years in November as mounting worries of a recession cooled demand for labor, which could give the Federal …

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Musk delivered his first Tesla truck, but no updates on production and pricing

Tesla ships first Semi to PepsiCo five years after introducing it No details on orders or capacity for electric trucks Semi uses existing Tesla cars to feature the new Supercharger December 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk delivered the company’s first heavy-duty Semi to PepsiCo (PEP.O) on Thursday; It did …

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Blackstone’s $69 billion REIT cuts redemptions as blow to property empire

NEW YORK, December 1 (Reuters) – Blackstone Inc (BX.N) made limited withdrawals from its $69 billion over-the-counter real estate income trust (REIT) on Thursday, following a surge in redemption requests. an asset management beast. The curbs came because the redemptions hit predetermined limits, rather than Blackstone set limits that day. Still, they have raised investor …

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EU temporarily accepts $60 price cap for Russia’s seaborne oil

BRUSSELS, December 1 (Reuters) – European Union governments tentatively agreed on Thursday on a ceiling price of $60 per barrel for Russia’s seaborne oil – the idea of ​​Group of Seven (G7) countries – with an adjustment mechanism to keep the cap at the same level. It’s 5% below market price, according to diplomats and …

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