Germany at a standstill as huge strike halts planes and trains

By Sarah Marsh and Matthias Williams BERLIN (Reuters) – Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions of people during one of the largest walkouts in decades in Europe’s biggest economy as soaring inflation stokes wage demands. The 24-hour “warning” strikes called by the Verdi […]

Venture capitalists race to land next AI deal on Big Tech’s turf

By Krystal Hu and Jeffrey Dastin PALO ALTO, California (Reuters) – In December and January, several venture capitalists from the U.S. and Britain raced to Paris to vie for a stake in a new artificial intelligence company that could reshape how people work. The startup they courted, Dust, consisted of just two people. It had […]

Accenture trims forecasts, to cut 19,000 jobs as IT spending slows

By Chavi Mehta (Reuters) -Accenture Plc lowered its annual revenue and profit forecasts and decided to cut about 2.5% of its workforce, or 19,000 jobs, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services. More than half of the jobs to be cut will be in its non-billable […]

Amazon has rolled out contactless tech to 200 locations including Panera cafes

By Jeffrey Dastin (Reuters) – Amazon.com Inc’s palm-scanning or cashier-less checkout technology is in more than 200 establishments in and outside the company, a vice president told Reuters. The e-commerce and cloud-computing giant is widening deployment of its contactless technology with existing customers, Vice President Dilip Kumar said in an interview. Amazon declined to provide […]

Yellen vows to safeguard deposits at smaller U.S. banks, intervene if needed

By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told bankers on Tuesday that she is prepared to intervene to protect depositors in smaller U.S. banks suffering deposit runs that threaten more contagion amid the worst financial system turmoil in more than a decade. In a speech aimed at calming nerves rattled by two […]

Kremlin tells officials to stop using iPhones – Kommersant newspaper

MOSCOW (Reuters) -The Kremlin told officials involved in preparations for Russia’s 2024 presidential election to stop using Apple iPhones because of concerns that the devices are vulnerable to Western intelligence agencies, the Kommersant newspaper reported. At a Kremlin-organized seminar for officials involved in domestic politics, Sergei Kiriyenko, first deputy head of the presidential administration, told […]

Germany, Japan seek cooperation on economic security amid supply chain strains

By Sakura Murakami and Andreas Rinke TOKYO (Reuters) -Germany and Japan agreed to cooperate closely on economic security on Saturday during their first ever high-ministerial government consultations, held amid tensions over global supply chains and economic disruptions caused by the war in Ukraine. German Chancellor Olaf Scholz, accompanied to Japan by six ministers, is looking […]

Oil snaps declining streak as Saudi, Russia meeting calms markets

By Shariq Khan BENGALURU (Reuters) -Oil prices settled 1% higher on Thursday, ending a three-session losing streak, after reports that Saudi Arabia and Russia met to discuss ways to enhance market stability. Brent crude futures rose $1.37, or 1%, to settle at $74.70 a barrel, while the West Texas Intermediate crude futures (WTI) gained 74 […]

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Germany at a standstill as huge strike halts planes and trains

March 27, 2023

By Sarah Marsh and Matthias Williams BERLIN (Reuters) – Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions of people during one of the largest walkouts in decades in Europe’s biggest economy as soaring inflation stokes wage demands. The 24-hour “warning” strikes called by the Verdi […]
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