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Frugal is the new trend for young Chinese as the economy falters

Frugal is the new trend for young Chinese as the economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: a new car, a bigger apartment, fine dining on weekends and vacations on tropical islands. Instead, the 39-year-old marketing consultant from Shanghai is one of many Chinese in their 20s and 30s cutting spending and saving …

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FedEx warns of deteriorating economy and withdraws forecast;  shares fall 16%

FedEx warns of deteriorating economy and withdraws forecast; shares fall 16%

FedEx employees sort packages in Manhattan, New York, U.S., May 9, 2022. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register Sept 15 (Reuters) – FedEx Corp on Thursday withdrew the financial forecast it issued just three months ago, saying a slowdown in global demand accelerated in late August and was set to …

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Biden, unions and railroad leaders fight for deal as shutdown looms

Biden, unions and railroad leaders fight for deal as shutdown looms

DETROIT/LOS ANGELES, Sept 14 (Reuters) – Biden administration officials held labor contract talks on Wednesday evening to avoid a possible rail shutdown that could disrupt freight shipments and hamper food supplies and fuel, but a small union rejected a deal and Amtrak called it all off. long-distance passenger travel. Railroads including Union Pacific (UNP.N), Berkshire …

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Google loses challenge to EU antitrust ruling, more probes loom

Google loses challenge to EU antitrust ruling, more probes loom

Join now for FREE unlimited access to Reuters.com Register LUXEMBOURG, Sept 14 (Reuters) – Google suffered one of its biggest setbacks on Wednesday when a top European court fined it 4.125 billion euros ($4.13 billion) for using its Android mobile operating system to thwart rivals, setting a precedent for other regulators. upward pressure. The unit …

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China's Tencent increases stake in 'Assassin's Creed' maker Ubisoft

China’s Tencent increases stake in ‘Assassin’s Creed’ maker Ubisoft

Join now for FREE unlimited access to Reuters.com Register PARIS/HONG KONG, Sept 7 (Reuters) – Tencent Holdings Ltd (0700.HK) is increasing its stake in Ubisoft Entertainment SA (UBIP.PA) in a deal that values ​​France’s biggest game developer at around 10 billions of dollars, as deep-pocketed Chinese tech majors continue their search for overseas growth. Interest …

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Wall Street rebounds on lower yields, focuses on Fed path

Wall Street rebounds on lower yields, focuses on Fed path

Join now for FREE unlimited access to Reuters.com Register Energy stocks follow the fall in oil The Fed’s Beige Book indicates that price pressures are still lingering Fed Chairman Powell will speak on Thursday Sept 7 (Reuters) – U.S. stock indices climbed on Wednesday after a recent selloff as bond yields eased, as investors await …

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Apple unveils iPhone 14 with satellite emergency messaging, Ultra Watch

Apple unveils iPhone 14 with satellite emergency messaging, Ultra Watch

Join now for FREE unlimited access to Reuters.com Register Sep 7 (Reuters) – Apple Inc (AAPL.O) has shown a range of new iPhone 14 models capable of sending a satellite call for help in an emergency, as well as motion detection capability. collision and an adventure-oriented Ultra Watch. The iPhone 14 models will test Apple’s …

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