Baidu’s smart car business to test autonomous vehicles in Shanghai

Posted by March 22, 2023

HONG KONG, March 22 (Reuters) - Apollo, Chinese tech giant Baidu's (9888.HK) smart car business, has received approval to be among the first companies to test f

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Amazon deepens tech-sector cuts by slashing another 9,000 jobs

Posted by March 20, 2023

March 20 (Reuters) - Amazon.com Inc (AMZN.O) on Monday said it would axe another 9,000 roles to make its operation lean and manage economic uncertainty, marking

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Swiss Google workers stage walkout as job cuts hit Europe

Posted by March 15, 2023

March 15 (Reuters) - Hundreds of Google employees staged a walkout on Wednesday at the company's office in Zurich, Switzerland, after more than 200 workers were

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U.S. job cuts over Jan-Feb hit highest since 2009 –…

Posted by March 9, 2023

March 9 (Reuters) - Layoffs by U.S. companies over January and February touched the highest since 2009, with the tech sector accounting for more than a third of

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Alphabet’s Waymo cuts more than 100 jobs in second round…

Posted by March 1, 2023

March 1 (Reuters) - Alphabet Inc's (GOOGL.O) self-driving technology unit, Waymo, laid off 137 employees, in its second round of job cuts this year, the firm to

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ChatGPT frenzy sweeps China as firms scramble for home-grown options

Posted by February 10, 2023

HONG KONG, Feb 10 (Reuters) - Microsoft-backed OpenAI has kept its hit ChatGPT app off-limits to users in China but the app is attracting huge interest in the c

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NFL must face class action lawsuit over ‘Sunday Ticket’ prices

Posted by February 8, 2023

Feb 8 (Reuters) - The U.S. National Football League (NFL) must face a $6 billion class action alleging it unlawfully limited televised games and drove up the co

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Analysis: Dollar’s gyrations raise hedging costs for U.S. companies

Posted by February 6, 2023

NEW YORK, Feb 6 (Reuters) - Wild swings in global currencies hammered corporate earnings in the past year, and while forex markets have gotten less choppy, some

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Alphabet misses Street estimates as ad business slips after pandemic…

Posted by February 2, 2023

Feb 2 (Reuters) - Alphabet Inc (GOOGL.O) on Thursday fell short of Wall Street expectations for fourth-quarter profit and revenue and Chief Executive Sundar Pic

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Prosus, Naspers cutting 30% of jobs at corporate offices

Posted by January 25, 2023

AMSTERDAM, Jan 25 (Reuters) - Prosus NV (PRX.AS) and its South African parent Naspers (NPNJn.J) are cutting up to 30% of jobs at their corporate offices, the Du

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