MNGISS

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone …

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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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Elon Musk trial opens to decide fate of his $56 billion Tesla salary

Elon Musk trial opens to decide fate of his $56 billion Tesla salary

WILMINGTON, Del, Nov 14 (Reuters) – A lawsuit opened on Monday over allegations by shareholders that Tesla CEO Elon Musk’s $56 billion pay package was rigged with easy performance targets and that investors were duped into approving it, with Musk expected to take a stand later this week. A Tesla shareholder TSLA.O hopes to prove …

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Analysis: Money before climate;  the fall in the markets stimulates the exodus of ESG funds

Analysis: Money before climate; the fall in the markets stimulates the exodus of ESG funds

NEW YORK/BOSTON, Nov 11 (Reuters) – Funds adhering to environmental, social and corporate governance (ESG) principles have been hit by unprecedented capital outflows in the market downturn as investors favor preserving the capital to objectives such as the fight against climate change. ESG, a classification applied to fund assets currently worth an estimated $6.5 trillion, …

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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: US blocks more than 1,000 solar shipments due to Chinese slave labor issues

Exclusive: US blocks more than 1,000 solar shipments due to Chinese slave labor issues

November 11 (Reuters) – More than 1,000 shipments of solar power components worth hundreds of millions of dollars have piled up at U.S. ports since June under a new law banning imports from the China’s Xinjiang region due to slave labor concerns, according to federal customs officials and industry sources. The level of seizures, which …

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FTX seeks $9.4 billion in bailout funds from investors and rivals - source

FTX seeks $9.4 billion in bailout funds from investors and rivals – source

Nov 10 (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and competitors, a source said on Thursday, as chief executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been rocked by a rush of customer withdrawals. Bankman-Fried discussed raising $1 billion each from Justin Sun, the founder of …

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