OAKLAND, Calif., Nov 11 (Reuters) – Facebook owner Meta Platforms (META.O) employees told on Friday that it would stop developing smart displays and smartwatches and that nearly half of the 11,000 jobs it eliminated this week in an unprecedented cost-cutting move were technology roles. Speaking during an employee townhall meeting heard by Reuters, Meta executives … Read more
Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate’s businesses. Operating profit nevertheless rose by 20%, topping analyst forecasts. Berkshire benefited from increased demand and prices … Read more
Two-year war has killed thousands, displaced millions Ethiopian government, Tigray forces agree truce Breakthrough comes just a week into talks in S.Africa PRETORIA, Nov 2 (Reuters) – The Ethiopian government and regional forces from Tigray agreed on Wednesday to cease hostilities, a dramatic diplomatic breakthrough two years into a war that has killed thousands, displaced … Read more
Grain-carrying ship from Ukraine inspected in Turkey Ship, headed for Lebanon, transits Bosphorus Shipment is first of kind to leave Ukraine in wartime But Ukrainian leader says much more is needed Kyiv urgently needs to ship 10 mln tons to cut deficit KYIV/ISTANBUL, Aug 3 (Reuters) – Ukrainian President Volodymr Zelenskiy dismissed the importance of … Read more
LUVERNE, Alabama, July 22 (Reuters) – A subsidiary of Hyundai Motor Co has used child labor at a plant that supplies parts for the Korean carmaker’s assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers, and eight former and current employees of the factory. Underage workers, in some … Read more
KATI, Mali, July 22 (Reuters) – Islamist militants struck Mali’s main military base, just outside the capital Bamako, on Friday in a complex attack involving car bombs, but the armed forces said they had repelled the assault and had the situation under control . Militants linked to al Qaeda and Islamic State have repeatedly raided … Read more
Ford CEO Jim Farley attends the official launch of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, US April 26, 2022. REUTERS/Rebecca Cook/File Photo Register now for FREE unlimited access to Reuters.com Register DETROIT, July 21 (Reuters) – Ford Motor Co. (FN) on Thursday announced … Read more