Foxconn apologizes for a wage error at its iPhone factory in China after worker unrest

Foxconn apologizes for a wage error at its iPhone factory in China after worker unrest

GET FREE FOLOWERS TIKTOK GET FREE INSTAGRAM TIKTOK GET GIFT CARD AMAZON GET GIFT CARD GOOGLE PLAY Foxconn says it works with employees 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 (Reuters) – Foxconn (2317.TW) He said Thursday … Read more

Men wearing sticks smash security cameras at an iPhone factory in China

Men wearing sticks smash security cameras at an iPhone factory in China

GET FREE FOLOWERS TIKTOK GET FREE INSTAGRAM TIKTOK GET GIFT CARD AMAZON GET GIFT CARD GOOGLE PLAY SHANGHAI (Reuters) – Men armed with sticks smashed security cameras and windows on a huge campus owned by Apple Inc. (AAPL.O) Foxconn supplier (2317.TW) In the Chinese city of Zhengzhou, scenes that were broadcast live on the short … Read more

China coronavirus cases weigh on Wall Street; Disney jumps

China coronavirus cases weigh on Wall Street;  Disney jumps

GET FREE FOLOWERS TIKTOK GET FREE INSTAGRAM TIKTOK GET GIFT CARD AMAZON GET GIFT CARD GOOGLE PLAY Disney on Iger’s return as CEO The S&P 500 Energy Index is leading the sectoral declines Grindr slips after its rocket launch Tesla backtracks on car recall, China fears coronavirus Dow Jones up 0.01%, S&P 500 down 0.34%, … Read more

Global stocks decline as coronavirus cases rise in China

Global stocks decline as coronavirus cases rise in China

GET FREE FOLOWERS TIKTOK GET FREE INSTAGRAM TIKTOK GET GIFT CARD AMAZON GET GIFT CARD GOOGLE PLAY Chinese stocks slid as coronavirus cases surged in Beijing The US yield curve is close to its highest inverted level since 2000 The dollar and bonds remained firmer ahead of the Fed’s minutes Oil prices are falling again … Read more

Oil prices are falling to their lowest levels in almost two months on Chinese demand concerns, and a strong dollar

Oil prices are falling to their lowest levels in almost two months on Chinese demand concerns, and a strong dollar

GET FREE FOLOWERS TIKTOK GET FREE INSTAGRAM TIKTOK GET GIFT CARD AMAZON GET GIFT CARD GOOGLE PLAY Brent and West Texas Intermediate contracts fell earlier by about $1 a barrel Beijing provinces closed schools as coronavirus cases surged in China The dollar’s rise puts pressure on prices LONDON (Reuters) – Oil prices fell to near … Read more

Apple warns of declining iPhone shipments as coronavirus hampers China factory

Apple warns of declining iPhone shipments as coronavirus hampers China factory

Apple expects iPhone 14 Pro and Pro Max shipments to drop Apple says a factory in China is running at sharply low capacity Apple supplier Foxconn lowers fourth-quarter forecast TAIPEI, Nov. 7 (Reuters) – Apple Inc (AAPL.O) It expects fewer shipments of premium iPhone 14 models than previously expected after a massive production cut at … Read more

Global stocks rise, US dollar falls after strong jobs data

Global stocks rise, US dollar falls after strong jobs data

Wall Street indexes closed higher The US dollar is falling High benchmark 10-year yields Gold rallies safe haven Oil price hike 5% NEW YORK (Reuters) – Global stocks rose on Friday and the U.S. dollar fell after jobs data came in stronger than expected but also hinted at some slack in the tight U.S. labor … Read more

CVS, Walmart, Walgreens agree to pay $13.8 billion to settle US opioid claims

CVS, Walmart, Walgreens agree to pay $13.8 billion to settle US opioid claims

NOVEMBER 2 (Reuters) – CVS Health Corp (CVS.N)Greens Boots Alliance, Inc (WBA.O) And Wal-Mart (WMT.N) It agreed to pay about $13.8 billion to resolve thousands of US state, local and tribal lawsuits accusing pharmacy chains of abusing opioid pain relievers. CVS said Wednesday that it agreed to pay about $5 billion over 10 years, and … Read more

Fearing COVID, workers flee Foxconn’s massive Chinese iPhone factory

Fearing COVID, workers flee Foxconn's massive Chinese iPhone factory

BEIJING (Reuters) – After enduring days of confinement at Foxconn’s massive central China facility with 200,000 other workers, Yuan finally scaled fences on Saturday night and escaped the compound, joining others fleeing what they fear was the novel coronavirus outbreak. outbreak. He walked all night, heading north, toward his hometown of Hebi, every step leading … Read more

EXCLUSIVE: Apple iPhone production at major China factory could drop 30% amid COVID restrictions

EXCLUSIVE: Apple iPhone production at major China factory could drop 30% amid COVID restrictions

TAIPEI, Oct. 31 (Reuters) – Produced by Apple (AAPL.O) A person familiar with the matter said Monday that iPhones could fall by as much as 30% at one of the world’s largest factories next month due to the tightening of restrictions over COVID-19 in China. Manufacturer Foxconn, Hon Hai Precision Industry Co Ltd Officially (2317.TW)is … Read more