INDS

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

Server chip demand remains solid on cloud appetite -analysts Smartphone demand slows as inflation rises -analysts Strong dollar likely aided profits -analysts SEOUL, July 7 (Reuters) – South Korea’s Samsung Electronics Co Ltd (005930.KS) turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even …

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ASML shares fall on report US wants to restrict sales to China

ASML logo is seen in this illustration taken on February 28, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com register AMSTERDAM, July 5 (Reuters) – Shares in ASML Holding (ASML.AS), a key supplier of equipment to semiconductor makers, fell on Tuesday following a Bloomberg News report that the US government wants to …

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US air travel conditions improve over the Fourth of July weekend

People walk toward their gates as they travel from John F. Kennedy International Airport on the July 4th weekend in Queens, New York City, US, July 2, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com register NEW YORK, July 5 (Reuters) – US travelers braving the skies faced fewer flight delays …

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Airline SAS files for US bankruptcy protection as strike grounds flights

Airline files for Chapter 11 in the United States Filing comes after pilot strike began on Monday Strike grounding roughly half of airline’s flights STOCKHOLM, July 5 (Reuters) – Scandinavian airline SAS (SAS.ST) has filed for bankruptcy protection in the United States to help cut debt, it said on Tuesday, warning strike action by pilots …

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Norwegian oil and gas workers start strike, cutting output

OSLO, July 5 (Reuters) – Norwegian offshore workers began a strike on Tuesday that will reduce oil and gas output, the union leading the industrial action told Reuters. The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil and gas prices, with supplies of natural gas to …

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Airline SAS says survival at stake as pilot strike grounds flights

Strike to ground roughly half of airline’s flights SAS says will affect about 30,000 passengers per day Strike raises uncertainty of loss-making airlines future Biggest airline strike since BA pilots in 2019 STOCKHOLM, July 4 (Reuters) – Wage talks between Scandinavian airline SAS (SAS.ST) and its pilots collapsed on Monday, triggering a strike that puts …

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Berkshire Hathaway buys 9.9 mln more Occidental shares, has 17.4% stake

Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska US May 6, 2018. REUTERS/Rick Wilking/File Photo Register now for FREE unlimited access to Reuters.com register July 1 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said it has bought another 9.9 million …

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US West Coast port labor contract expires, raising stakes for talks

LOS ANGELES, July 1 (Reuters) – The union and employers negotiating a new labor contract for more than 22,000 US West Coast port workers said high-stakes talks that are being closely watched by industry and the White House would continue after the agreement expired late on Friday. The agreement covers 29 Pacific Coast ports stretching …

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Russia seizes control of Sakhalin gas project, raises stakes with West

Putin signed decree to secure all rights on Thursday Five-page decree follows tightening Western sanctions Move raises risks for Western firms still in Russia Shell was already in talks to sell up Sakhalin stake TOKYO/LONDON, July 1 (Reuters) – President Vladimir Putin has raised the stakes in an economic war with the West and its …

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