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Snap says economy has deteriorated rapidly, cut forecast and stocks are falling

Snap says economy has deteriorated rapidly, cut forecast and stocks are falling

May 23 (Reuters) – Snap Inc (SNAP.N) said the economy had deteriorated faster than expected over the past month and the social media company cut its quarterly forecast, triggering a selloff after the office hours. Since late April, “the macroeconomic environment has deteriorated further and faster than expected. As a result, we believe it is …

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Explanation: Do the claims against Musk raise a legal issue for his companies and his deal with Twitter?

Explanation: Do the claims against Musk raise a legal issue for his companies and his deal with Twitter?

May 23 (Reuters) – A report that Tesla Inc CEO Elon Musk’s SpaceX company paid $250,000 to settle complaints of sexual harassment by a flight attendant on a private jet comes as he considers a takeover of Twitter (TWTR.N). Below is an overview of some of the key legal issues arising from the claims, which …

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Court bans sale of Ford's internet-connected cars in Germany amid patent dispute

Court bans sale of Ford’s internet-connected cars in Germany amid patent dispute

BERLIN, May 20 (Reuters) – A German court has issued a nationwide ban on the sale and production of Internet-capable Ford (FN) cars, it said, as part of a wireless technology patent infringement lawsuit. The Munich Regional Court’s verdict is not legally binding and can still be appealed, he said, adding that a security payment …

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EXCLUSIVE TikTok plans big push in gaming, testing in Vietnam - sources

EXCLUSIVE TikTok plans big push in gaming, testing in Vietnam – sources

The TikTok app is seen on a smartphone in this illustration taken July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register HONG KONG/HANOI, May 19 (Reuters) – TikTok has conducted tests so users can play games on its video-sharing app in Vietnam, as part of plans for a major …

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Google's 'private browsing' mode isn't really private, Texas lawsuit claims

Google’s ‘private browsing’ mode isn’t really private, Texas lawsuit claims

WASHINGTON, May 19 (Reuters) – The Google search engine collects data on users who believe they can remain anonymous if they use a “private browsing” mode, Texas Attorney General Ken Paxton said in a filing on Thursday. an amended complaint against Alphabet Inc. (GOOGL.O). Texas, Indiana, Washington State and the District of Columbia filed separate …

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Johnny Depp's Lawyers Arrest Amber Heard Over Abuse Allegations

Johnny Depp’s Lawyers Arrest Amber Heard Over Abuse Allegations

May 16 (Reuters) – Lawyers for actor Johnny Depp began questioning Amber Heard during the couple’s defamation trial on Monday and challenged the ‘Aquaman’ star’s claims that she suffered physical abuse before and during their brief marriage. Depp’s lawyers presented photographs of Heard making public appearances on red carpets and “The James Corden Show” shortly …

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Sony aims to sell 18 million PS5 consoles this year amid China lockdown risk

Sony aims to sell 18 million PS5 consoles this year amid China lockdown risk

TOKYO, May 10 (Reuters) – Sony Group Corp (6758.T) said on Tuesday it expects to sell 18 million PlayStation 5 consoles this year as robust game sales helped it more than double its profit from operation in the fourth quarter. The Japanese company, however, warned that it could be forced to revise this production target …

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Stop 'regulatory assault' on Chinese companies, Global Times tells India after Xiaomi accusations

Stop ‘regulatory assault’ on Chinese companies, Global Times tells India after Xiaomi accusations

A man uses his mobile phone in front of a screen displaying a Xiaomi logo during the Mi Note launch ceremony in Beijing, picture taken January 15, 2015. REUTERS/Jason Lee Join now for FREE unlimited access to Reuters.com Register NEW DELHI, May 9 (Reuters) – India should end its “regulatory assault” on Chinese companies, China’s …

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