By Richa Rebello and Manjul Paul BENGALURU (Reuters) - The euro zone economy will contract again this quarter as renewed lockdown measures stifle activity, according to a Reuters poll which showed the bloc's GDP would then return to pre-crisis levels within two years. Hopes for a coronavirus vaccine and additional support from...
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By Ron Bousso LONDON (Reuters) - For Big Oil, coffee and chocolate could be the new black gold. Under pressure from investors and governments alike to cut emissions, major European oil companies are ploughing billions into renewable energy but are struggling to craft business plans that promise the returns shareholders have come...
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By Katie Paul PALO ALTO (Reuters) - Twitter Inc (NYSE:TWTR) on Wednesday expanded its policy barring hateful speech to include "language that dehumanizes people on the basis of race, ethnicity and national origin," it said in a statement. The company banned speech that dehumanizes others based on religion or caste last year and updated the rule in March to add...
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By Moira Warburton TORONTO (Reuters) - Canadian prosecutors will ask a court to disregard a former U.S. government lawyer's affidavit submitted by Huawei Chief Financial Officer Meng Wanzhou's legal team in her U.S. extradition case, arguing it is "irrelevant" and "unnecessary," documents released on Wednesday showed. The affidavit was submitted in July in...
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By Diane Bartz and Karen Freifeld WASHINGTON (Reuters) - A group of U.S. states led by New York is investigating Facebook Inc (NASDAQ:FB) for possible antitrust violations and plans to file a lawsuit against the social media giant next week, four sources familiar with the matter said on Wednesday. The complaint would be the second major lawsuit filed against a...
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By Yasin Ebrahim Snowflake slumped after-hours Wednesday as the cloud company reported wider-than-expected third-quarter losses on a jump in costs. Snowflake (NYSE:SNOW) fell more than 6% following the report. The company reported Q3 losses of $1.01 a share, from a loss of $1.92 in the prior-year period, compared with Wall Street estimates for a loss of 26 cents a share. Revenue ...
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WASHINGTON (Reuters) - The U.S. House of Representatives passed legislation on Wednesday that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they adhere to U.S. auditing standards. The measure passed by unanimous voice vote, after passing the Senate earlier this year, sending it to the White House where President Donald Trump is expected to sign it into...
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LONDON (Reuters) - Britain's Prince Harry has suggested that the coronavirus pandemic is a rebuke from nature as he called for more action to tackle climate change. The prince spoke during a conversation about the environment with the chief executive of a streaming platform for climate documentaries. "Somebody said to me at the beginning of the pandemic, it's almost as though Mother...
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Synopsys (NASDAQ:SNPS) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. Synopsys announced earnings per share of $1.58 on revenue of $1.03B. Analysts polled by Investing.com anticipated EPS of $1.56 on revenue of $1.02B. Synopsys shares are up 61.34% from the beginning of the year and are trading at $224.58 , down-from-52-week-high.They are...
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By Yasin Ebrahim The S&P 500 closed at a record high Wednesday, as renewed optimism over a stimulus relief package and ongoing positive news on Pfizer 's Covid-19 vaccine lifted investor sentiment. The Dow Jones Industrial Average rose 0.20%, or 60 points. The S&P 500 was up 0.20% higher, while the Nasdaq Composite slipped 0.05%. In a boost to hopes...
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