Amazon tricked millions of consumers into signing up for Prime, US FTC says

Amazon tricked millions of consumers into signing up for Prime, US FTC says

WASHINGTON, June 21 (Reuters) – The U.S. Federal Trade Commission on Wednesday accused Amazon.com (AMZN.O) of signing up millions of consumers to its paid subscription service Amazon Prime without their consent and of making difficult to cancel them, the agency said. latest action against the e-commerce giant in recent weeks. The FTC sued Amazon in … Read more

Construction of new homes in the United States increased more than 3 decades in May

Construction of new homes in the United States increased more than 3 decades in May

June 20 (Reuters) – Groundbreaking work for single-family home construction projects in the United States rose in May by the biggest increase in more than three decades and permits for future construction also rose, suggesting that the housing market could take a turn after being hampered by the Federal Reserve’s interest rate hikes. Yet even … Read more

Qatar strikes second big LNG supply deal with China

Qatar strikes second big LNG supply deal with China

Qatar signs second 27-year contract to supply China with LNG Asian customers lead race to secure LNG from QatarEnergy expansion China’s CNPC takes stake in QatarEnergy expansion project DOHA, June 20 (Reuters) – Qatar on Tuesday concluded its second major gas supply deal with a Chinese state-controlled company in less than a year, putting Asia … Read more

The Paris Air Show takes off with a record contract for 500 Airbus aircraft

The Paris Air Show takes off with a record contract for 500 Airbus aircraft

(1/2) A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th Paris International Air Show at Le Bourget airport near Paris, France, June 19, 2023. REUTERS / Benoit Tessier IndiGo signs deal for 500 Airbus planes Jet makers face supply challenges to … Read more

Berlin, Intel reach chip factory deal after months of subsidy talks

Berlin, Intel reach chip factory deal after months of subsidy talks

Intel to receive 10 billion euros in subsidies from Germany – source Decision highlights Berlin’s efforts to attract foreign investment Intel shares -0.7% in Frankfurt BERLIN/STOCKHOLM, June 19 (Reuters) – Germany will give U.S. chipmaker Intel 10 billion euros ($10.91 billion) in subsidies for its planned plant in Magdeburg, a source familiar with the matter … Read more

U.S. subsidiary of crypto giant Binance lays off staff after SEC charges

U.S. subsidiary of crypto giant Binance lays off staff after SEC charges

LONDON, June 15 (Reuters) – The U.S. subsidiary of crypto giant Binance has made a series of layoffs since regulators accused it last week of breaking securities laws and sought to freeze its assets, said two people with knowledge of the layoffs and employees. social media posts. One of the sources said around 50 people … Read more

Intel to invest $4.6 billion in new chip factory in Poland

Intel to invest .6 billion in new chip factory in Poland

Ease of employing 2,000 workers Poland ‘a bit hungrier’ than rivals – CEO No details of grants awarded WROCLAW, Poland/STOCKHOLM, June 16 (Reuters) – Intel (INTC.O) plans to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland. Poland, as part of a multi-billion dollar investment campaign across Europe … Read more

Electric vehicle startups set to post weekly gains after meteoric rally

Electric vehicle startups set to post weekly gains after meteoric rally

(1/2) The Lordstown logo is pictured on a smartphone in this illustration taken December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo June 16 (Reuters) – U.S. electric vehicle startups were expected to make massive weekly gains on Friday after a meteoric rally in their shares in recent sessions nearly doubled the value of companies such as Nikola … Read more

Motor vehicles and building materials boost U.S. retail sales in May

Motor vehicles and building materials boost U.S. retail sales in May

Retail sales increased by 0.3% in May; base sales increase of 0.2% Weekly jobless claims unchanged at 262,000 Manufacturing output increases by 0.1% in May Import prices fell by 0.6%; down 5.9% year-on-year WASHINGTON, June 15 (Reuters) – U.S. retail sales rose unexpectedly in May as consumers stepped up purchases of motor vehicles and building … Read more

Health insurers have come under fire after UnitedHealth says more surgeries are driving up costs

Health insurers have come under fire after UnitedHealth says more surgeries are driving up costs

(1/2) The UnitedHealth Group corporate logo is seen on the side of one of their office buildings in Santa Ana, California, U.S., April 13, 2020. REUTERS/Mike Blake/File Photo/File Photo June 14 (Reuters) – Shares of health insurers fell sharply on Wednesday after UnitedHealth Group (UNH.N) said its costs were up due to an increase in … Read more