Foxconn head says he's stepping back from daily operations

Foxconn head says he's stepping back from daily operations

TAIPEI, Taiwan — The head of Foxconn Technology Group says he is planning to step away from day-to-day operations at the world’s largest electronics provider but will continue to guide the company’s “major direction.” Terry Gou told reporters Monday at an …
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The Ledger: China's Bitcoin Ban, Crypto Endowments, Arbitrage bots

China appears poised once again to clamp down on the cryptocurrency industry. But people should welcome, not fear, the proposal. The National Development Reform Commission, China’s top economic planner, last week recommended eliminating the …
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Kiwis' fast food KFC habits boost Restaurant Brands profits

Kiwis’ spent $336 million on KFC last year, up $17m, which has one nutritionist calling for people to learn to cook healthy meals for themselves. KFC is owned by Restaurant Brands, which also owns the rights to Pizza Hut, Carl’s Jr, Taco Bell and Pizza Hut in …
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Chevron says Dutch Supreme Court rejects Ecuador's $9.5 billion claim

(Reuters) – The Supreme Court of the Netherlands dismissed Ecuador’s attempts to annul decisions of an international arbitral tribunal that ordered Ecuador to prevent enforcement of a $9.5 billion judgment against Chevron Corp anywhere in the world, the …
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Oil prices extend losses as oversupply worries drag

SINGAPORE (Reuters) – Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight the United States for market share, checking a recent rally driven by tighter global production. FILE PHOTO: An oil …
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