India’s first private rocket company seeks to cut satellite costs

India’s first private rocket company seeks to cut satellite costs

BENGALURU, Nov 26 (Reuters) – The startup behind India’s first private space launch plans to put a satellite into orbit in 2023 and hopes to do so at half the cost of established launch companies, the founders of the company said. Skyroot Aerospace to Reuters. in an interview. The Hyderabad-based company, backed by Singapore’s sovereign … Read more

Exclusive: Poland asks for Germany’s support in sanctioning Russian pipeline Druzhba

Exclusive: Poland asks for Germany’s support in sanctioning Russian pipeline Druzhba

WARSAW, Nov 25 (Reuters) – Poland is seeking Germany’s backing to impose EU sanctions on the Polish-German section of the Druzhba pipeline so Warsaw can drop a deal to buy Russian oil l ‘next year without paying penalties, two sources familiar with the talks said. The sources also said the couple were close to reaching … Read more

Nasdaq closes as investors eye Black Friday sales, China infections

Nasdaq closes as investors eye Black Friday sales, China infections

Focus on retailers at the start of Black Friday sales Activision down on likely FTC lawsuit to block Microsoft deal Apple slips, the Foxconn factory in China sees its deliveries drop Indices: Dow up 0.45%, S&P 500 down 0.03%, Nasdaq down 0.52% Nov 25 (Reuters) – The Nasdaq closed lower on Friday under pressure from … Read more

Reality puts an end to some Qatari World Cup rental dreams

Reality puts an end to some Qatari World Cup rental dreams

Agency says Qatar hotel group demanded new payments Some reduced rates, but many empty properties Broker says some landlords were looking for unrealistic rents DOHA, Nov 25 (Reuters) – Qatar has found itself with an unexpected glut of rooms in the busy World Cup group stage, with online portals showing rooms in at least 42 … Read more

Jeff Bezos is an unlikely personal finance guru

Jeff Bezos is an unlikely personal finance guru

NEW YORK, Nov 15 (Reuters Breakingviews) – Jeff Bezos, the man who sells everything, is telling buyers to stop buying everything. The founder of Amazon.com (AMZN.O) warned consumers in an interview with CNN to curb big, expensive purchases like TVs and cars and save “dry powder” for a prolonged economic crisis. It may seem odd … Read more

US bans sales of Huawei and ZTE gear citing national security risk

US bans sales of Huawei and ZTE gear citing national security risk

Nov 25 (Reuters) – The Biden administration has banned the approval of new telecommunications equipment by Chinese companies Huawei Technologies (HWT.UL) and ZTE (000063.SZ) because they pose “unacceptable risk” to national security the United States. The U.S. Federal Communications Commission said on Friday it had adopted the final rules, which also prohibit the sale or … Read more

Germany in talks with allies over Polish pressure for Patriot deployment to Ukraine

Germany in talks with allies over Polish pressure for Patriot deployment to Ukraine

NATO declares its decision on the deployment of Patriot in a specific country Poland has asked for German launchers to be sent to western Ukraine BERLIN/WARSAW, Nov 25 (Reuters) – Germany said on Friday it was discussing with allies Poland’s request to send German Patriot air defense units to Ukraine, after the NATO chief suggested … Read more

Arms industry booms as Eastern Europe arms Ukraine

Arms industry booms as Eastern Europe arms Ukraine

E.Europe arms companies increase production for Ukraine Hope to find new markets as defense spending increases Can produce and maintain Soviet-era and NATO-standard weapons Poland, Czechs among top providers of military aid to Kyiv The industry’s history spans from the 1800s to the Cold War PRAGUE/WARSAW, Nov 24 (Reuters) – Eastern Europe’s arms industry is … Read more

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone … Read more

China’s COVID infections hit record high as economic outlook darkens

China’s COVID infections hit record high as economic outlook darkens

BEIJING, Nov 24 (Reuters) – China reported a record number of COVID-19 infections on Thursday, with cities across the country imposing localized lockdowns, mass testing and other restrictions that are fueling frustration and clouding the outlook of the world’s second largest economy. The resurgence of infections, nearly three years after the pandemic emerged in the … Read more