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Mexico’s Pemex increased gas flaring at top field, despite pledge to stop

Reuters exclusively discovered that gas flaring from the vast Ixachi field in Veracruz state not only continued, it increased after Pemex promised to stop burning natural gas from the Southeast Mexican field amid mounting pressure to improve its poor environmental record. The post <strong>Mexico’s Pemex increased gas flaring at top field, despite pledge to stop</strong>...

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Liberty Tax Online Review 2023

You’ve probably seen the people dressed in Lady Liberty costumes, standing on sidewalks and pointing you toward Liberty Tax. The company has office locations across the country and is perhaps best known for its in-person tax prep services. However, like many brick-and-mortar providers, Liberty Tax recognizes that many people really just want to be able...

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Reuters was first to report that Ericsson will lay off 8,500 employees

Reuters was first to report that Ericsson will lay off 8,500 employees, citing a memo sent to employees and confirmed by Ericsson. This layoff demonstrates that the recent job cuts within the tech industry are moving to other sectors, with this being the first major layoff by a telecom company.    The post Reuters was first...

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Russia plans deep March oil export cuts

Reuters exclusively reported that Russia plans to cut oil exports from its western ports by up to 25% in March versus February, exceeding its announced production cuts in a bid to lift prices for its oil, three sources in the Russian oil market said. Russia had already announced plans to cut its oil production by...

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Reuters exclusively reported that Broadcom faces EU antitrust warning on $61 billion VMware deal

Reuters exclusively reported that U.S. chipmaker Broadcom (AVGO.O) is set to receive an EU antitrust warning about the possible anti-competitive effects of its proposed $61 billion bid for cloud computing company VMware (VMW.N) in the coming weeks. The European Commission opened an investigation in December, saying the deal – which was announced last year as...

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Reuters exclusively reveals that EU industry chief Thierry Breton plans consultation on Big Tech and telecoms network costs

Reuters exclusively reveals that EU industry chief Thierry Breton is poised to launch a consultation on whether Big Tech should bear a portion of telecoms network costs. Breton confirms the consultation will be announced at Barcelona. EU telecoms providers have long sought to have Big Tech cover some infrastructure cost for 5G and broadband, as...

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Tencent scraps plans for VR hardware as metaverse bet falters

Reuters was first to share that Tencent Holdings (0700.HK) is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and headcount at its metaverse unit, three sources familiar with the matter said. The world’s largest video game publisher had ambitious plans to build both virtual...