LIF

Meta takes on the US antitrust agency over the future of virtual reality

Meta takes on the US antitrust agency over the future of virtual reality

SAN JOSE, Calif./WASHINGTON, Dec 8 (Reuters) – The Biden administration on Thursday accused Meta Platforms Inc (META.O) of trying to buy its way to dominance in the metaverse, launching a high-profile lawsuit to try to stop parent Facebook from buying virtual reality app developer Within Inc. The FTC filed a lawsuit in July to end …

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'We are not your enemy,' say South Korean truckers striking for minimum wage protection

‘We are not your enemy,’ say South Korean truckers striking for minimum wage protection

UIWANG, South Korea, Dec 5 (Reuters) – Inside five white tents outside the Uiwang container depot near Seoul, about 200 striking truckers huddle around gas heaters, trying to fight against the freezing cold and the government’s talk that they are well paid “labour aristocracy.” They are only too aware of the impact their strike has …

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Analysis: Blackstone REIT restriction is a possible warning sign for markets

Analysis: Blackstone REIT restriction is a possible warning sign for markets

LONDON, Dec 2 (Reuters) – While there have been few larger repercussions from the spike in redemption requests this week at an unlisted Blackstone real estate income trust (REIT), some see it as a sign of Warning. Blackstone (BX.N) limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit pre-set limits …

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Wall St Week Ahead Stocks typically rally in December, investors tread cautiously this year

Wall St Week Ahead Stocks typically rally in December, investors tread cautiously this year

NEW YORK, Nov 25 (Reuters) – Investors hoping the end of the year will bring stock market gains after a trying year have history on their side as U.S. stocks traditionally rally in December, but many remain skeptical of the forecasts of a rise. The S&P 500 gained an average of 1.6% in December, the …

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Tesla safety at center of South Korean lawsuit over fatal crash

Tesla safety at center of South Korean lawsuit over fatal crash

SEOUL, Nov 21 (Reuters) – Two years ago, in an upscale Seoul neighborhood, a white Tesla Model X slammed into the wall of a parking lot. The fire accident killed a prominent lawyer – a close friend of the South Korean president. Prosecutors have charged the driver with manslaughter. He blames Tesla. Choi Woan-jong, who …

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Elon Musk launches Twitter poll on whether to bring Trump back

Elon Musk launches Twitter poll on whether to bring Trump back

Nov 18 (Reuters) – Elon Musk launched a Twitter poll on Friday evening asking his followers to vote on whether to restore former U.S. President Donald Trump’s account on the platform, with initial results showing around 60 % of votes yes. “Vox Populi, Vox Dei,” Musk tweeted, a Latin phrase that roughly translates to “the …

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After Elon Musk's ultimatum, Twitter employees start dating

After Elon Musk’s ultimatum, Twitter employees start dating

Nov 17 (Reuters) – Hundreds of Twitter workers are believed to be leaving the beleaguered social media company following an ultimatum from new owner Elon Musk that employees sign up for “long, high-intensity hours ” or leave. In a survey of the work app Blind, which verifies employees through their work email addresses and allows …

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Trump's 2024 presidential bid breathes new life into markets

Trump’s 2024 presidential bid breathes new life into markets

NEW YORK, Nov 16 (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secret” and created another variable for markets that some say investors, remains a low priority for now. Trump, who has launched relentless attacks on the integrity of the American vote since his defeat …

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Musk warns of Twitter bankruptcy as more top executives quit

Musk warns of Twitter bankruptcy as more top executives quit

November 10 (Reuters) – New owner of Twitter Inc, Elon Musk, on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. privacy regulator and the exit from the leader in enterprise trust and security. The billionaire in his first mass call with …

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Exclusive: Behind the fall of FTX, the fight against billionaires and a failed attempt to save crypto

Exclusive: Behind the fall of FTX, the fight against billionaires and a failed attempt to save crypto

November 10 (Reuters) – (This story contains language that some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off guard with a grim message. “I’m sorry,” he told them. “I failed.” The reason for the mea culpa: its announcement half an hour earlier …

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