Tencent targets 10 percent of managers for job cuts or demotion: Bloomberg

Tencent targets 10 percent of managers for job cuts or demotion: Bloomberg
FILE PHOTO: Logo of Tencent is displayed at a news conference in Hong Kong, China March 22, 2017. REUTERS/Tyrone Siu (Reuters) – Tencent Holdings Ltd is putting about 10 percent of its managers on notice, as China’s largest gaming and social media company shakes up its workforce amid cooling growth and intensified competition, Bloomberg reported on Tuesday, citing sources. The... Read More

Philippines rejects Go-Jek appeal against ride-hailing license ban

Philippines rejects Go-Jek appeal against ride-hailing license ban
FILE PHOTO: Go-Jek driver helmets are seen during the Go-Food festival in Jakarta, Indonesia, Oct. 27, 2018. REUTERS/Beawiharta/File Photo MANILA (Reuters) – Indonesian ride-hailing firm Go-Jek lost an appeal on Tuesday against the Philippines’ decision to refuse to grant it a license due to its failure to meet local ownership criteria, in a major blow to its Southeast Asia expansion... Read More

Riding with ‘Uncle Diego’: Uber’s wild drive for growth in Chile

Riding with ‘Uncle Diego’: Uber’s wild drive for growth in Chile
SANTIAGO (Reuters) – The Uber driver pulled up to the international airport outside Chile’s capital. As his passenger jumped into his gleaming Suzuki, he glanced around furtively for signs of trouble. FILE PHOTO: A taxi driver holds a flag reading “No more Uber” during a nationwide strike to protest against Uber Technologies in Santiago, Chile July 30, 2018. To match... Read More

India’s RCom jumps after Mukesh Ambani bails out brother Anil on Ericsson dues

India’s RCom jumps after Mukesh Ambani bails out brother Anil on Ericsson dues
FILE PHOTO: Mukesh Ambani (L), chief of India’s Reliance Industries, and Anil Ambani, chairman of Reliance Communications, are pictured in this combination image of file photos. REUTERS/Denis Balibouse/Adeel Halim (Reuters) – Shares of Anil Ambani-led Reliance Communications Ltd (RCom) were locked in the upper circuit on Tuesday after his elder brother Mukesh Ambani helped pay off debt owed to Sweden’s... Read More

Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge

Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge
(Reuters) – Chief Executive Elon Musk has never sought pre-approval for a single tweet about Tesla Inc since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top U.S. securities regulator told a judge on Monday. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January... Read More

Asian shares steady ahead of Fed meeting; May’s Brexit deal in chaos

Asian shares steady ahead of Fed meeting; May’s Brexit deal in chaos
Asian shares treaded water on Tuesday ahead of a U.S. Federal Reserve policy meeting, hovering near six-month highs, while sterling was choppy as the speaker of Britain’s parliament banned another vote on same Brexit deal. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato MSCI’s broadest index of Asia-Pacific shares... Read More

Elon Musk tweet about Tesla violates settlement agreement, U.S. regulator tells court

Elon Musk tweet about Tesla violates settlement agreement, U.S. regulator tells court
(Reuters) – A tweet about Tesla Inc production targets by Elon Musk was “a blatant violation” of a court order to get his written communications pre-approved, U.S. securities regulators told a judge on Monday, doubling down on the government’s demand to find the Tesla CEO in contempt of a previous fraud settlement. FILE PHOTO: Tesla CEO Elon Musk attends the... Read More

Huawei leads Asian domination of U.N. patent applications in 2018

Huawei leads Asian domination of U.N. patent applications in 2018
GENEVA (Reuters) – Chinese telecoms giant Huawei led the pack with Asia accounting for more than half of the international patent applications at the World Intellectual Property Organization (WIPO) last year, WIPO said on Tuesday. A Huawei company logo is seen outside a shopping mall in Shanghai, China March 7, 2019. REUTERS/Aly Song Huawei, which has been under pressure since... Read More