FedEx Express unveils plan to lay off up to 6,300 employees in Europe

FILE PHOTO: A plane of FedEx Express carrying a first batch of Pfizer/BioNTEch COVID-19 vaccine is seen at LAX Airport, following the outbreak of the coronavirus disease (COVID-19), in Los Angeles, California, U.S., December 13, 2020, in this photo obtained from social media. Los Angeles World Airports/via REUTERS (Reuters) – FedEx Corp’s express unit on Tuesday announced a plan to […]

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Cruise, GM partner with Microsoft to commercialize self-driving vehicles

Slideshow ( 2 images )(Reuters) – Self-driving car maker Cruise and majority shareholder General Motors Co said on Tuesday they would partner with Microsoft Corp to commercialize driverless autonomous vehicles. Microsoft will join General Motors, Honda Motor Co and institutional investors in a combined new equity investment of more than $2 billion in Cruise, bringing the post-money valuation of Cruise […]

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Biden's top diplomat, Blinken, vows to revitalize alliances, U.S. leadership

WASHINGTON (Reuters) – President-elect Joe Biden’s incoming secretary of state, Antony Blinken, is set to pledge on Tuesday that he will work to revitalize damaged American diplomacy and build a united front to counter the challenges posed by Russia, China and Iran.FILE PHOTO: Antony Blinken, U.S. President-elect Joe Biden’s nominee for secretary of state, speaks as President-elect Biden announces his […]

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Boeing 737 MAX to get EU flight clearance next week: safety chief

FILE PHOTO: American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, U.S. December 29, 2020. REUTERS/Marco BelloPARIS (Reuters) – Boeing’s 737 MAX airliner will receive final clearance to resume flying in Europe next week, the head of the EU’s air safety watchdog said on […]

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China's Geely teams up with Tencent on smart car tech

Slideshow ( 4 images )BEIJING/SHANGHAI (Reuters) – China’s Zhejiang Geely Holding Group, which owns Volvo Cars and holds 9.7% of Daimler, said on Tuesday it has signed an agreement with Tencent Holdings Ltd to develop smart vehicle cockpit and autonomous driving. In the latest such partnership in the fast-evolving sector, the companies will jointly develop smart car cockpits to have […]

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Guatemalan security forces begin clearing U.S.-bound migrant caravan

VADO HONDO, Guatemala (Reuters) – Guatemalan security forces on Monday began removing hundreds of mostly Honduran migrants from a road where they had been camped out after authorities halted their trek to the United States.Slideshow ( 5 images )Video footage broadcast on social media and television showed lines of security forces wielding plastic shields moving down the road towards the […]

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Hungary mulls sanctions against social media giants

BUDAPEST (Reuters) – Hungarian Justice Minister Judit Varga on Monday raised the prospect of sanctioning social media firms over what she called “systematic abuses” of free speech.Slideshow ( 2 images )The minister said she would meet the Hungarian competition watchdog this week to discuss possible penalties for what she described as unfair commercial practices as well as convening a meeting […]

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Dark days are far from over: Five questions for the ECB

LONDON (Reuters) – The European Central Bank will this week face more questions about an increasingly challenging outlook only a month after it unleashed fresh stimulus to bolster the euro zone economy.FILE PHOTO: The headquarters of European Central Bank (ECB) is photographed n Frankfurt, Germany, January 14, 2021. REUTERS/Kai Pfaffenbach/File PhotoPolicymakers boosted emergency bond buys by 500 billion euros ($607 […]

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