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Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Musk seeks to lay off about half of Twitter’s workforce Employees file class action lawsuit against Twitter Staff lose access to systems Volkswagen removes ads Nov 4 (Reuters) – Twitter Inc began a major round of layoffs on Friday, alerting employees to their status via email after barring entry to offices and cutting off workers’ …

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European stocks up as investors see signs Fed could slow rate rises

LONDON, Oct 25 (Reuters) – European stocks rose in early trading on Tuesday as investors wary of signs that the U.S. Federal Reserve could slow its rate hikes, although concerns over China’s economy continue to weigh in Asian markets. Asian stocks struggled to make gains on uncertainty over whether Xi Jinping’s new leadership team would …

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Europe edges higher as UK U-turns settle nerves

European markets gain as UK measures help sterling and gilts Nikkei down 1.2%, S&P 500 recovers slightly after its fall Dollar close to 149 yen, market wary of intervention Chinese yuan plummets after Xi’s congress speech LONDON/SYDNEY, Oct 17 (Reuters) – European stock, bond and currency markets rose tentatively on Monday, helped by relief that …

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Toyota restarts output of first EV after fixing safety issues

TOKYO, Oct 6 (Reuters) – Toyota Motor Corp said on Thursday it would restart production of its first electric vehicle, the bZ4X, after addressing potential safety issues that had halted sales of the new battery-powered model for more than three months. Japan’s biggest automaker, a latecomer to the electric vehicle market, recalled 2,700 bZ4Xs worldwide …

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European stocks extend losses as slowdown warnings weigh

Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 16 (Reuters) – European stocks plunged on Friday and Europe’s benchmark German 10-year bond yield hit its highest since mid-June as investors braced for a U.S. rate hike as warnings from the World Bank and the International Monetary Fund fueled fears of a slowdown. …

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Stocks fall on Fed rate hike bets, yen hits fresh 24-year low

Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 7 (Reuters) – European stock markets fell on Wednesday after U.S. economic data prompted traders to increase bets on Federal Reserve rate hikes, pushing the dollar to a 24-year high against to the Japanese yen. US Treasury yields jumped and the dollar got a …

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Europe heading for recession as cost of living crisis deepens

Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 5 (Reuters) – The euro zone is almost certainly heading into recession, with surveys on Monday showing a deepening cost of living crisis and a bleak outlook that is causing consumers to be wary of spending. Although there has been some easing in price …

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U.S. FDA green lights Omicron-targeted COVID boosters ahead of revaccination campaign

Join now for FREE unlimited access to Reuters.com Register Aug 31 (Reuters) – The U.S. Food and Drug Administration on Wednesday cleared Pfizer’s updated COVID-19 booster shots (PFE.N)/BioNTech (22UAy.DE) and Moderna that target the dominant BA.4 and BA.5 Omicron subvariants, as the government prepares for a massive fall vaccination campaign that could begin within days. …

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Moderna sues Pfizer/BioNTech for patent infringement over COVID vaccine

Moderna’s logo is reflected in a drop on a syringe needle in this illustration taken November 9, 2020. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 26 (Reuters) – Moderna sued Pfizer and its German partner BioNTech on Friday for patent infringement in the development of the first COVID-19 vaccine approved …

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