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MOSCOW (Reuters) – A Moscow court fined Apple 400,000 roubles ($4,274) on Thursday for not deleting “inaccurate” content about what Russia calls a “special military operation” in Ukraine, Russian news agencies reported. The TASS news agency said it was the first time Apple had been fined for that offence. Apple did not immediately respond to an emailed request for comment. The company paused all product sales in Russia shortly after […]

MOSCOW (Reuters) – A Moscow court fined Apple 400,000 roubles ($4,274) on Thursday for not deleting “inaccurate” content about what Russia calls a “special military operation” in Ukraine, Russian news agencies reported. The TASS news agency said it was the first time Apple had been fined for that offence. Apple did not immediately respond to an emailed request for comment. The company paused all product sales in Russia shortly after […]

By Aftab Ahmed, Munsif Vengattil and Shivangi Acharya NEW DELHI (Reuters) – India on Thursday said it will impose a licensing requirement for imports of laptops, tablets and personal computers with immediate effect, a move that could hit hard the likes of Apple, Dell and Samsung and force them to boost local manufacturing. Current regulations in India allow companies to import laptops freely, but the new rule mandates a special […]

By Aftab Ahmed, Munsif Vengattil and Shivangi Acharya NEW DELHI (Reuters) – India on Thursday said it will impose a licensing requirement for imports of laptops, tablets and personal computers with immediate effect, a move that could hit hard the likes of Apple, Dell and Samsung and force them to boost local manufacturing. Current regulations in India allow companies to import laptops freely, but the new rule mandates a special […]

By Mrinalika Roy and Arathy Somasekhar (Reuters) -ConocoPhillips slightly raised its full-year output expectations on Thursday, even as it posted a lower-than-expected quarterly profit. Quarterly reports from U.S. oil producers have been dented by weak oil and gas prices in recent months, though higher production has helped offset some of the pain. ConocoPhillips said production rose 6% to 1.81 million barrels of oil equivalent per day (boepd) in the second […]

By Mrinalika Roy and Arathy Somasekhar (Reuters) -ConocoPhillips slightly raised its full-year output expectations on Thursday, even as it posted a lower-than-expected quarterly profit. Quarterly reports from U.S. oil producers have been dented by weak oil and gas prices in recent months, though higher production has helped offset some of the pain. ConocoPhillips said production rose 6% to 1.81 million barrels of oil equivalent per day (boepd) in the second […]

By Savyata Mishra (Reuters) -Hasbro lowered its annual revenue forecast on an expected hit from the ongoing strike by Hollywood writers and actors and said it would divest its film and TV business to focus on selling toys and games. Shares in the company, which beat second-quarter revenue estimates, rose 1.5% in premarket trading. Hasbro said it would sell its eOne film and TV studio to Lionsgate Entertainment by year-end […]

By Savyata Mishra (Reuters) -Hasbro lowered its annual revenue forecast on an expected hit from the ongoing strike by Hollywood writers and actors and said it would divest its film and TV business to focus on selling toys and games. Shares in the company, which beat second-quarter revenue estimates, rose 1.5% in premarket trading. Hasbro said it would sell its eOne film and TV studio to Lionsgate Entertainment by year-end […]

By Samuel Indyk and Rae Wee LONDON (Reuters) – The dollar touched a four-week peak against major peers on Thursday after upbeat labour market data a day earlier, while sterling remained lower after the Bank of England downshifted to a smaller 25 basis point hike. Data out on Wednesday showed U.S. private payrolls rose more than expected in July, while plans by the U.S. Treasury to increase the size of […]