SEOUL (Reuters) - Hyundai Motor Co will recall 26,699 electric vehicles including Kona EVs in South Korea due to potential fire risks, South Korea's transport ministry said on Wednesday. The recall will replace the vehicles' battery systems and applies to 25,083 Kona EVs, starting March 29, the ministry said in a statement. ...
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By Echo Wang MIAMI (Reuters) - Asian equities opened lower on Wednesday on concerns about rising interest rates and rich equity valuations and following a downdraft in U.S. and European overnight trading. The Dow and S&P 500 recouped early losses after Federal Reserve Chair Jerome Powell reiterated in testimony before the Senate Banking Committee that monetary policy would remain accommodative and would...
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(Reuters) - LinkedIn (NYSE:LNKD), Microsoft Corp (NASDAQ:MSFT)'s professional networking site, said on Tuesday it had resolved a technical glitch on its platform, after thousands of users reported difficulties in accessing the website. Downdetector, an outage tracking website, showed there were close to 26,000 incidents of people reporting issues with LinkedIn. Earlier in the day, LinkedIn said an issue across its...
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By Yasin Ebrahim Investing.com – The S&P 500 snapped its five-day losing streak Tuesday, as big tech tech pared losses, shrugging off jitters about rising inflation, while value stocks continued to rack up gains amid a favorable economic backdrop as progress continued on rolling out another round of stimulus. The Dow Jones Industrial Average rose 0.04%, or 13.75 points. The S&P 500 was...
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WASHINGTON (Reuters) - The Federal Aviation Administration (FAA) said on Tuesday it was ordering immediate inspections of Boeing (NYSE:BA) 777-200 planes with Pratt & Whitney PW4000 engines before further flights after an engine failed on a United flight on Saturday. Operators must conduct a thermal acoustic image inspection of the large titanium fan blades located at the front of each engine, the...
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By Michael Martina WASHINGTON (Reuters) - A bipartisan group of U.S. senators will revive legislation as soon as Wednesday to counter Chinese censorship in the United States, a new effort by Congress to hold Beijing accountable for its growing efforts to stifle criticism beyond its borders, Senator Jeff Merkley told Reuters. U.S....
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LONDON (Reuters) - The British government pledged a 700 million-pound ($988 million) package of support to help children in England catch up on learning lost due to the COVID-19 pandemic, which has shut schools to most students. English primary and secondary schools were closed to the majority of pupils from Jan 5 as part of lockdown measures. They will reopen on...
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By Yasin Ebrahim Intuit (NASDAQ:INTU) reported second-quarter results on Tuesday that fell short of expectations as higher costs weighed on performance. Intuit announced earnings per share of 68 cents on revenue of $1.58 billion. Analysts polled by Investing.com anticipated EPS of 98 cents on revenue of $1.76 billion. Intuit shares are up 4% from the beginning of the year,...
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Verisk reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations. Verisk announced earnings per share of $1.27 on revenue of $713.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $1.3 on revenue of $716.75M. Verisk shares are down 10.85% from the beginning of the year and are trading at $185.06 ,...
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By Simon Jessop LONDON (Reuters) - Britain's investment industry trade body has warned companies they must show progress on boardroom ethnic diversity or risk pushback at their 2021 annual general meetings. The call from the Investment Association, whose members manage 7.7 trillion pounds ($9.88 trillion) and own around a third of British companies, aims to spur greater action to meet the targets...
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