ASXPAC

Tesla closes an office as layoff hits Autopilot jobs, including hourly ones

SAN FRANCISCO, June 28 (Reuters) – Tesla (TSLA.O) has shuttered its office in San Mateo, California and laid off roughly 200 employees working on its Autopilot driver-assistant system there, one of the people told Reuters, in a move seen as accelerating cost-cutting. Most of the laid-off people had been hourly workers, that person said. Early …

Tesla closes an office as layoff hits Autopilot jobs, including hourly ones Read More »

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

SEOUL, June 29 (Reuters) – The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the pressure-stricken country and its weapons programs. North Korea has poured resources into stealing cryptocurrencies in recent years, making it a …

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests Read More »

Asian stocks lose gains made on shorter China quarantine as recession fears persist

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, looks at an electronic board displaying Japan’s Nikkei index outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register TOKYO, June 29 (Reuters) – Asian stock markets fell on Wednesday, extending Wall Street’s …

Asian stocks lose gains made on shorter China quarantine as recession fears persist Read More »

Cryptoverse: Ether holds its breath for the lean, mean ‘merge’

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com register June 28 (Reuters) – Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge. …

Cryptoverse: Ether holds its breath for the lean, mean ‘merge’ Read More »

Stocks swing higher as China eases quarantine rules

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register HONG KONG, June 28 (Reuters) – Asian shares swung into positive territory …

Stocks swing higher as China eases quarantine rules Read More »

Taiwan’s GlobalWafers to invest $5 bln in new silicon wafer plant in Texas

TAIPEI, June 28 (Reuters) – Taiwan’s GlobalWafers Co Ltd (6488.TWO) will spend $5 billion on a new plant in Texas to make silicon wafers used in semiconductors, switching to the United States after a failed European investment. The company said late Monday the new plant, manufacturing 300-millimeter silicon wafers, would start being built later this …

Taiwan’s GlobalWafers to invest $5 bln in new silicon wafer plant in Texas Read More »

Stocks extended bear market bounce as inflation angst eases

MILAN/TOKYO, June 27 (Reuters) – World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and a rally across Asian markets after China further eased COVID-19 restrictions drove the MSCI’s benchmark for global …

Stocks extended bear market bounce as inflation angst eases Read More »

China’s May industrial profits slump again despite easing COVID curbs

BEIJING, June 27 (Reuters) – Profits at China’s industrial firms shrank at a slower pace in May following a sharp fall in April, as activity in major manufacturing hubs resumed, but COVID-19 restrictions still weighed on factory production and squeezed factory margins. Profits fell 6.5% from a year earlier, less than the 8.5% decline in …

China’s May industrial profits slump again despite easing COVID curbs Read More »

Filipina wins transgender pageant in Thailand

PATTAYA, Thailand, June 25 (Reuters) – Filipina Fuschia Anne Ravena was crowned Miss International Queen 2022 on Saturday at a contest in Thailand billed as the world’s largest and most popular transgender pageant. The 27-year-old business owner beat 22 other contestants for the crown, with the second and third place going to contestants from Colombia …

Filipina wins transgender pageant in Thailand Read More »