Exclusive: Bed Bath & Beyond is preparing to file for bankruptcy as early as this week

Exclusive: Bed Bath & Beyond is preparing to file for bankruptcy as early as this week

NEW YORK, Jan. 30 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) is gearing up to seek bankruptcy protection as early as this week and has liquidators lined up to close additional stores unless a last-minute buyer appears, four people familiar with the matter said Monday. The timing of an eventual bankruptcy filing was in … Read more

Ford is lowering the prices of the Mustang Mach-E, following Tesla

Ford is lowering the prices of the Mustang Mach-E, following Tesla

Jan 30 (Reuters) – Ford Motor Co (FN) slashed prices of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle on Monday, weeks after global rival Tesla Inc (TSLA.O) lowered prices of its electric vehicles reduced by as much as 20%. Ford shares fell 1.5% at the start of trading. Tesla … Read more

China’s Baidu launches ChatGPT-like bot in March – source

China’s Baidu launches ChatGPT-like bot in March – source

BEIJING, Jan. 30 (Reuters) – Chinese internet search engine Baidu Inc (9888.HK) plans to launch an artificial intelligence (AI) chatbot service in March, similar to OpenAI’s ChatGPT, a person familiar with the matter said to Reuters. The tech company plans to launch the service as a standalone application and gradually merge it with its search … Read more

Asian equities are becoming cautious as rate hikes and earnings loom

Asian equities are becoming cautious as rate hikes and earnings loom

https://tmsnrt.rs/2zpUAr4 Fed saw 25bp up this week, ECB and BOE up 50bp Tech giants lead numerous earnings results China shares as holiday travel increases SYDNEY, Jan. 30 (Reuters) – Asian stocks turned cautious on Monday ahead of a week in which interest rates in Europe and the United States are sure to rise, along with … Read more

Boeing’s 747, the original jumbo jet, prepares for its final departure

Boeing’s 747, the original jumbo jet, prepares for its final departure

Last 747 freighter delivered to Atlas Air Ends more than five decades of commercial output Nearly bankrupted Boeing before it became a cash cow Easy to fly, says rock star pilot Bruce Dickinson SEATTLE/PARIS, Jan. 29 (Reuters) – Boeing’s (BA.N) 747, the original and arguably most aesthetically pleasing “Jumbo Jet”, revolutionized air travel but saw … Read more

China’s 2022 smartphone shipments the lowest in 10 years, research firm says

China’s 2022 smartphone shipments the lowest in 10 years, research firm says

SHANGHAI, Jan. 29 (Reuters) – China’s smartphone sales fell 13% year on year in 2022, the industry’s biggest decline in a decade, as consumers spend cautiously, market research firm IDC said on Sunday. The total number of devices shipped was 286 million, up from 329 million in 2022. That meant total sales volume in 2022 … Read more

Kremlin: Putin is open to ‘contacts’ with the German Scholz, reports RIA

Kremlin: Putin is open to ‘contacts’ with the German Scholz, reports RIA

Jan 29 (Reuters) – Russian President Vladimir Putin is open to contacts with German Chancellor Olaf Scholz, but has not scheduled a phone call with him, a Kremlin spokesman told state news agency RIA Novosti on Sunday. Germany, formerly the West’s main weapon in supplying Ukraine with modern main battle tanks to help it repel … Read more

Rheinmetall eyes increase ammunition production, HIMARS production in Germany

Rheinmetall eyes increase ammunition production, HIMARS production in Germany

DUESSELDORF, Jan. 29 (Reuters) – German arms manufacturer Rheinmetall is poised to significantly increase production of tank and artillery munitions to meet strong demand in Ukraine and the West, and may begin production of several HIMARS missile launchers in Germany, said CEO Armin Papperger. Reuters. He was speaking days before German defense industry bosses are … Read more

Iran thwarts drone attack on military site

Iran thwarts drone attack on military site

DUBAI, Jan. 29 (Reuters) – A loud explosion at a military factory in Iran’s central city of Isfahan was caused by a “failed” drone strike, Iranian state media reported on Sunday, citing the defense ministry. “One of (the drones) was hit by the…air defenses and the other two were caught in defensive traps and exploded. … Read more

Film academy reviews Oscar campaigns after surprise nomination

Film academy reviews Oscar campaigns after surprise nomination

LOS ANGELES, Jan. 27 (Reuters) – Hollywood’s film academy said on Friday they were reviewing this year’s campaigns for Oscar nominations, a day after a media report raised questions about the surprise kink for British actress Andrea Riseborough. On Tuesday, Riseborough was nominated for best actress for playing an alcoholic single mother in the little-seen … Read more