Vietnam’s VinFast recalls first batch of EVs bound for US due to safety risk

Vietnam’s VinFast recalls first batch of EVs bound for US due to safety risk

HANOI, May 25 (Reuters) – Vietnamese electric vehicle (EV) maker VinFast said it was recalling all the first batches of vehicles it shipped to the United States last year following a warning safety certificates issued by the American authorities. The move came after the US National Highway Traffic Safety Administration (NHTSA) said 999 of VinFast’s … Read more

AAArrgg! Stocks in debt ceiling danger zone after US rating warning

AAArrgg!  Stocks in debt ceiling danger zone after US rating warning

(1/2) The US Capitol is reflected in a falling puddle amid ongoing negotiations seeking a deal to raise the US debt ceiling and avert a catastrophic default, in Washington, US, on May 24, 2023. REUTERS/Jonathan Ernst SINGAPORE, May 25 (Reuters) – Markets were stuck in U.S. debt ceiling limbo on Thursday as Europe largely shrugged … Read more

Nvidia shares soar almost 30% as sales forecasts rise and AI explodes

Nvidia shares soar almost 30% as sales forecasts rise and AI explodes

May 24 (Reuters) – Nvidia Corp (NVDA.O) on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, and said it was increasing supply to meet demand. growing demand for its artificial intelligence chips, which are used for power ChatGPT and many similar services. Shares of Nvidia, the world’s most valuable listed semiconductor company, … Read more

‘Queen of rock ‘n’ roll’ Tina Turner dies at 83

‘Queen of rock ‘n’ roll’ Tina Turner dies at 83

May 24 (Reuters) – Tina Turner, the American-born singer who left a hardscrabble farming community and abusive relationship to become one of the top recording artists of all time, died on Wednesday at the age of 83. She died peacefully after a long illness in her home in Küsnacht near Zurich, Switzerland, her representative said. … Read more

Wall St slips as debt ceiling talks drag on; Fed minutes at a glance

Wall St slips as debt ceiling talks drag on;  Fed minutes at a glance

Launch of a new round of negotiations on the debt ceiling Citigroup abandons sale of units in Mexico Agilent falls on lower annual forecast Indices down: Dow 0.82%, S&P 0.89%, Nasdaq 0.94% May 24 (Reuters) – Major Wall Street indexes fell on Wednesday as talks between the White House and Republican representatives on raising the … Read more

Facebook owner Meta begins latest round of layoffs

Facebook owner Meta begins latest round of layoffs

NEW YORK, May 24 (Reuters) – Meta Platforms Inc (META.O) carried out the latest batch of three-part layoffs on Wednesday, according to a person familiar with the matter, as part of a plan announced in March . eliminate 10,000 roles. Meta earlier this year became the first Big Tech company to announce a second round … Read more

Target removal of some LGBTQ merchandise following customer backlash

Target removal of some LGBTQ merchandise following customer backlash

(1/2) A shopping cart is seen at a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. REUTERS/Brendan McDermid NEW YORK, May 23 (Reuters) – (This May 23 story has been edited to correct spelling of Carnell’s first name to Erik, from Eric, in paragraph 8) Target, which launched its Pride … Read more

US lawmaker seeks action against Chinese chip company CXMT after Micron

US lawmaker seeks action against Chinese chip company CXMT after Micron

WASHINGTON, May 23 (Reuters) – The U.S. Commerce Department is expected to impose trade restrictions on Chinese memory chip maker Changxin Memory Technologies (CXMT) after Beijing earlier this week banned the sale of certain chips by U.S. firm Micron Technology Inc (MU.O), the chairman of the U.S. House of Representatives China Committee said on Tuesday. … Read more

Disgraced Australian-born former artist Rolf Harris dies aged 93

Disgraced Australian-born former artist Rolf Harris dies aged 93

Child sex abuse convictions ended 50-year career The artist was imprisoned and stripped of his honors Harris was a household name in Britain and Australia LONDON, May 23 (Reuters) – Rolf Harris, a mainstay of family entertainment in Britain and Australia for more than 50 years before his career fell out of favor with his … Read more

Shell CEO protected by security as climate protesters try to storm shareholder meeting

Shell CEO protected by security as climate protesters try to storm shareholder meeting

(1/11) A climate activist is sacked after disrupting Shell’s annual general meeting in London, Britain May 23, 2023. REUTERS/Ron Bousso GA delayed by protests Climate activist resolution wins 20% of votes LONDON, May 23 (Reuters) – Security personnel shielded Shell (SHEL.L) chief executive Wael Sawan and company directors as climate protesters tried to take to … Read more