‘Tip of the iceberg’: Taiwan’s spy catchers hunt Chinese poachers of chip talent

'Tip of the iceberg': Taiwan's spy catchers hunt Chinese poachers of chip talent

TAIPEI, April 8 (Reuters) – Taiwan’s spy catchers have launched probes into around 100 Chinese companies suspected of illegally poaching semiconductor engineers and other tech talent, a senior official at the island’s Investigation Bureau told Reuters. That comes on top of seven prosecuted since the start of last year and includes 27 which have either … Read more

Russian auto boomtown grinds to halt over Ukraine sanctions

Russian auto boomtown grinds to halt over Ukraine sanctions

Kaluga car plants halt production Car demand falls, food prices soar Some hope Western resolve won’t last Others have seen crises pass before April 5 (Reuters) – Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with … Read more

Fed’s Williams: Pace of rate increases depends on how economy responds

Fed's Williams: Pace of rate increases depends on how economy responds

John Williams, chief executive officer of the Federal Reserve Bank of New York, speaks at an event in New York, US, November 6, 2019. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register PRINCETON, NJ, April 2 (Reuters) – The Federal Reserve needs to move monetary policy towards a more neutral stance, … Read more

New York warehouse workers vote to form first US union at Amazon

New York warehouse workers vote to form first US union at Amazon

NEW YORK, April 1 (Reuters) – Workers at an Amazon.com Inc (AMZN.O) warehouse in New York City voted to form the first union at the second-largest US private employer, a victory that adds to recent grassroots successes by labor activists pushing into new industries. Employees at the online retailer’s fulfillment center in the borough of … Read more

Amazon union has strong lead in NY vote count; losing in Alabama

Amazon union has strong lead in NY vote count;  losing in Alabama

March 31 (Reuters) – Amazon.com Inc (AMZN.O) workers at a warehouse in New York City’s Staten Island have so far voted 57% in favor of unionizing with a final tally due on Friday, a potential landmark victory for organized labor at the second-largest US private employer. But that win contrasted with 53% of Amazon workers … Read more

Vietnam’s Vinfast to build $2 bln electric vehicle factory in US

Vietnam's Vinfast to build $2 bln electric vehicle factory in US

The VinFast logo is displayed on a VF5 electric SUV during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, US January 5, 2022. REUTERS/Steve Marcus Register now for FREE unlimited access to Reuters.com Register HANOI/SAN FRANCISCO, March 29 (Reuters) – Vietnam’s automaker VinFast said on Tuesday it has signed a preliminary … Read more

Fed will raise rates more aggressively if needed, Powell says

Fed will raise rates more aggressively if needed, Powell says

US Federal Reserve Chairman Jerome Powell testifies during the Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress”, in Washington, US, March 3, 2022. Tom Williams/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register March 21 (Reuters) – Federal Reserve Chair Jerome Powell on Monday delivered his most … Read more

Uber, Lyft drivers consider quitting as pain at the gas pump grows

Uber, Lyft drivers consider quitting as pain at the gas pump grows

March 18 (Reuters) – A number of Uber (UBER.N) and Lyft (LYFT.O) drivers are considering quitting the app-based ride-hailing platforms as fueling up becomes costlier, with some calling the newly announced surcharges “insulting” . The companies announced this month a 55-cent per-ride surcharge that would be paid directly to drivers, in response to record gas … Read more

US economy flexes muscle with jobless benefit rolls at 52-year low; factory humming

US economy flexes muscle with jobless benefit rolls at 52-year low;  factory humming

Weekly jobless claims fall 15,000 to 214,000 Continuing claims drop 71,000 to 1.419 million Housing starts increase 6.8% in February Manufacturing production jumps 1.2% in February WASHINGTON, March 17 (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week as demand for labor remained strong, positioning the economy for another … Read more

Wall Street closes higher as worries ease around Fed, Russian default

Wall Street closes higher as worries ease around Fed, Russian default

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 17, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Energy sector rallies with oil, defensive sectors underperform US weekly jobless claims fall amid strong demand for workers Indexes up: Dow 1.23%, S&P 500 … Read more