Thursday, 16 June 2022

Activision board says no evidence senior execs ignored harassment cases

Activision board says no evidence senior execs ignored harassment cases

Activision Blizzard Inc's board and external advisers said on Thursday there was no evidence to suggest that senior executives intentionally ignored or attempted to downplay reported instances of gender harassment.

BoE nudges rates up again but says ready to act forcefully

The Bank of England stuck to its gradual increases in interest rates on Thursday, as other central banks took more urgent action, but said it was ready to act "forcefully" if needed to stamp out dangers posed by inflation it now sees topping 11%.

China bank protest stopped by health codes turning red, depositors say

A protest planned by hundreds of bank depositors in central China seeking access to their frozen funds has been thwarted because the authorities have turned their health code apps red, several depositors told Reuters.

Tesla hikes U.S. prices across car models

Tesla Inc raised prices for all its car models in the United States, its latest price hike amid ongoing global supply-chain issues.

BoE raises rates by 25 basis points again but says ready to act forcefully

The Bank of England raised interest rates by a further quarter of a percentage point but said it was ready to act "forcefully" to stamp out dangers posed by an inflation rate heading above 11%.

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Sponsored by Rohde & Schwarz: 6G: vision or reality?

Rohde & Schwarz shapes tomorrow's wireless communications beyond 5G. From sci-fi to reality, the T&M expert takes connectivity to the next level.

Read the full story now

Revlon files for bankruptcy as online beauty race takes toll

Revlon Inc has filed for bankruptcy after the U.S cosmetics firm buckled under debts it built up in efforts to compete with online-focused upstarts.

Market meltdown lays bare Europe's divisions

A markets sell-off has brought back memories of the euro zone debt crisis more than a decade ago, highlighting divisions that have plagued the currency bloc's efforts to forge a closer bond.

Meta, Google, Twitter vow to fight fake news better as EU gets tougher

Meta , Alphabet unit Google, Twitter and Microsoft agreed on Thursday to take a tougher line against disinformation under an updated EU code of practice that could hit them with hefty fines if they fail to do so.

McDonald's agrees to pay $1.3 bln to settle French tax dispute

McDonald's has agreed to pay $1.3 billion in fines and back taxes to settle a tax dispute in France, ending a long-running probe into whether the U.S. burger chain had properly declared all of its income in the country.

Toyota to halt more Japan production in June, July

Toyota Motor Corp said on Thursday it plans an additional domestic factory line production suspension in June and July due to semiconductor shortages and a COVID-19 outbreak at one of its suppliers.

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