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Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave – source

Foxconn Zhengzhou plant’s November shipments to fall further – source Worker unhappiness at the plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout …

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Stick-wielding men smash surveillance cameras at China iPhone plant

SHANGHAI, Nov 23 (Reuters) – Men wielding sticks smashed surveillance cameras and windows at a massive campus owned by Apple ( AAPL.O ) supplier Foxconn ( 2317.TW ) in the Chinese city of Zhengzhou, scenes broadcast live on the Kuaishou short video platform shown on Wednesday. Hundreds of workers protested at the campus, home to …

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US Treasury’s Yellen says crypto markets need better oversight

WASHINGTON, Nov 16 (Reuters) – US Treasury Secretary Janet Yellen said on Wednesday that crypto markets need more robust oversight, days after cryptocurrency exchange FTX collapsed. “The recent failure of a major cryptocurrency exchange and the unfortunate impact that has resulted for holders and investors of crypto assets demonstrate the need for more effective oversight …

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Musk says Twitter to hold off relaunching blue check verification

Nov 21 (Reuters) – Twitter’s new owner Elon Musk said on Monday the social media company is holding off the relaunch of its blue check subscription service, a delay from its initial tentative timeline to bring back the service on the platform. “Holding off relaunch of Blue Verified until there is high confidence of stopping …

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India proposes guidelines for combat fake online reviews and ratings

NEW DELHI/BENGALURU, Nov 21 (Reuters) – India launched a crackdown on Monday against fake consumer reviews and unverified ratings in a bid to make the online world and e-commerce more authentic and less misleading for users. The government has drafted guidelines for companies from Alphabet Inc’s (GOOGL.O) Google, Meta Platform’s (META.O) Facebook and Instagram, and …

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TSMC is planning advanced chip production in Arizona, says the company’s founder

TAIPEI, Nov 21 (Reuters) – Taiwanese chipmaker TSMC is planning to produce chips with advanced 3-nanometer technology at its new factory in the US state of Arizona but the plans are not completely finalized yet, the company’s founder Morris Chang said on Monday. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW), a major Apple Inc (AAPL.O) …

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Cellnex says inflation has shut down the European phone masts market, Financial Times reports

MADRID, Nov 20 (Reuters) – The European mobile towers market is “pretty much closed” as rising inflation makes it harder for companies to finance new deals and the availability of assets declines, the chief executive of Cellnex (CLNX.MC) told the Financial Times. “M&A activity is over. Material, inorganic growth, for the next 24 months is …

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China’s JD.com says worst is over for consumer demand

Nov 18 (Reuters) – E-commerce firm JD.com Inc (9618.HK), posted an 11.4% rise in third-quarter revenue on Friday, beating analysts’ estimates as COVID-19 lockdowns in China led more consumers to shop online . US-listed shares in JD.com rose more than 3% in trading before the bell. Chinese retail spending has sagged this year, with consumers …

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