Business

TOKYO (Reuters) — The U.S. dollar rose to a five-week high against major peers on Monday as the safe-haven currency benefited from inflation worries at home and growth concerns globally, extending gains after its biggest weekly increase since September. The Turkish lira sank to a two-month low afte…

SHANGHAI (Reuters) — Chinese smartphone maker Oppo said it will shut down its chip design unit, citing uncertainties in the global economy and the smartphone industry. The company, one of China’s best-selling domestic smartphone brands, said it will cease operations of its Zeku unit, which it…

LONDON (Reuters) — Man Group will be led by two women for the first time in its history by the end of this year, after the London-listed hedge fund group said its long-standing CEO Luke Ellis will be succeeded by current president Robyn Grew. Ellis, who first joined Man Group in 2010 and will retir…

REUTERS — Netflix Inc plans to cut its spending by $300 million this year, the Wall Street Journal reported on Friday, citing people familiar with the matter. Company leaders urged staffers to be judicious with their spending, including in relation to hiring, but said there would be no hiring freez…

The logo of Google LLC is seen at the Google Store Chelsea in New York City, U.S., January 20, 2023. REUTERS/Shannon Stapleton WASHINGTON (Reuters) — Google, a unit of Alphabet, has agreed to pay $8 million to settle claims it used deceptive advertisements to promote the Pixel 4 smartphone, Texas A…

FILE PHOTO: Chairman, Entertainment Content, NBCUniversal Television and Streaming Susan Rovner, Linda Yaccarino, then Chairman, Global Ad and Partnerships and Kelly Campbell, President, Peacock and Direct to Consumer, NBCUniversal, pose for a photo at the Peacock NewFront 2023 event in New York, U…

REUTERS — Canada’s second-biggest life insurer Sun Life Financial Inc on Thursday beat analysts’ estimates for first-quarter profit, powered by strong insurance sales at home and in the United States. Chief Executive Officer Kevin Strain said the insurer generated “strong growth i…

FILE PHOTO: Emirates airliners are seen on the tarmac in a general view of Dubai International Airport in Dubai, United Arab Emirates January 13, 2021. Picture taken through a window. REUTERS/Abdel Hadi Ramahi//File Photo REUTERS (Dubai) — Emirates airline said on Thursday it had committed $200 mil…