Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "France"


25 mentions found


GE lifts 2021 earnings forecast
  + stars: | 2021-10-26 | by ( Reuters Staff | ) www.reuters.com   time to read: +1 min
FILE PHOTO: The General Electric logo is pictured on working helmets during a visit at the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File PhotoCHICAGO (Reuters) -General Electric Co announced an upward revision to its full-year earnings forecast on Tuesday after reporting higher than expected third-quarter profit. GE said it expects revenue growth, margin expansion, and higher free cash flow next year. However, it narrowed free cash flow estimates for 2021 to $3.75 billion-$4.75 billion from $3.5 billion-$5.0 billion forecast earlier. Analysts on average expected GE to report an adjusted profit of 43 cents per share, according to Refinitiv data.
Persons: Stephane Mahe, Joe Biden’s Organizations: General, REUTERS, CHICAGO, General Electric Co, GE Locations: Montoir, Bretagne, Saint, Nazaire, France, Boston
ROME, Oct 26 (Reuters) - Airports in the Italian cities of Rome, Venice and Bologna and on the French Riviera have teamed up to create a company to build and manage infrastructures for flying taxis, the companies said in a statement on Tuesday. The infrastructure, also known as vertiports, will be used to deploy battery-powered aircraft that can take off and land vertically, offering a new way for travellers to beat traffic and hop between cities. Urban City will also partner with German flying taxi startup Volocopter and will be supported by investment fund EDF Invest, a shareholder of Aeroports de la Cote d’Azur, they said. The start of the vertiport operations in Rome, Venice and the French coastal city of Nice is planned by 2024, they said, but gave no financial details of the project. On Wednesday, a Volocopter, a battery-powered passenger aircraft, will be presented at Rome’s Fiumicino airport.
Persons: Aeroporti, Aeroporto, Aeroporto Guglielmo Marconi di, France’s, Cote d’Azur, Marco Troncone, Francesco Zecchini, Agnieszka Flak, Robert Birsel Organizations: Aeroporto Guglielmo Marconi di Bologna, Cote, Urban, EDF Invest, Aeroporti, Roma, European Union Aviation Safety Agency Locations: Rome, Venice, Bologna, Italy, France, Aeroports, Nice, Europe, Fiumicino
(Refiles to clarify Volocopter company will present one of its aircraft, paragraph 7)ROME, Oct 26 (Reuters) - Airports in the Italian cities of Rome, Venice and Bologna and on the French Riviera have teamed up to create a company to build and manage infrastructures for flying taxis, the companies said in a statement on Tuesday. Urban Blue will also partner with German flying taxi startup Volocopter and will be supported by investment fund EDF Invest, a shareholder of Aeroports de la Cote d’Azur, they said. The start of the vertiport operations in Rome, Venice and the French coastal city of Nice is planned by 2024, they said, but gave no financial details of the project. Marco Troncone, the CEO of Aeroporti di Roma, a unit of infrastructure group Atlantia, said Urban Blue was working with a “challenging but possible timeline, to allow Rome to be among the first cities in Europe to activate this type of connection”. On Wednesday, Volocopter will present one of its battery-powered passenger aircraft at Rome’s Fiumicino airport.
Persons: Aeroporti, Aeroporto, Aeroporto Guglielmo Marconi di, France’s, Cote d’Azur, Marco Troncone, Volocopter, Francesco Zecchini, Agnieszka Flak, Robert Birsel Organizations: Aeroporto Guglielmo Marconi di Bologna, Cote, EDF Invest, Aeroporti, Roma, European Union Aviation Safety Agency Locations: ROME, Rome, Venice, Bologna, Italy, France, Aeroports, Nice, Europe, Fiumicino
REUTERS/Kim Kyung-HoonTOKYO, Oct 26 (Reuters) - Japan's Nidec Corp (6594.T) increased its full-year earnings outlook by 6% on Tuesday, as the precision electric motor maker benefited from increased demand from home appliance makers, auto companies and others. The company expects a full-year operating profit of 190 billion yen ($1.6 billion) compared with an earlier forecast of 180 billion yen. That is lower than an average 192.2 billion yen prediction based on estimates from 20 analysts, according to Refinitiv data. The company's second-quarter operating profit rose 10% to 45.6 billion yen from a year earlier, worse than analysts' average estimate of 46.8 billion. Those production delays resulted in a 2.5 billion yen loss in the business segment for the second quarter, the company said.
Persons: Kim Kyung, Hoon, Nidec, Shigenobu Nagamori, Nagamori, Tim Kelly, Shri Navaratnam, Rashmi Organizations: REUTERS, Nidec Corp, France's Peugeot SA, Germany's Bosch, Toyota, Thomson Locations: Tokyo, Japan, Serbia, Vietnam
The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph OrlowskiFRANKFURT, Oct 26 (Reuters) - Euro zone banks tightened access to mortgages in the three months to September and expect to continue doing so in the final quarter of the year, a European Central Bank survey showed on Tuesday. ECB policymakers are set to take stock of the economic situation at a meeting on Thursday, paving the way for a decision in December on the future of the central bank's bond-buying programmes. Among the euro zone's largest economies, approval criteria for mortgages were tightened in Germany, Spain and France while they remained unchanged in Italy. "In the largest euro area countries, overall terms and conditions for housing loans tightened in Germany and in France, whereas they eased in Spain and Italy," the ECB said.
Persons: Ralph Orlowski FRANKFURT, Francesco Canepa, Christina Fincher Organizations: European Central Bank, REUTERS, ECB's, Survey, ECB, prudential, Thomson Locations: Frankfurt, Germany, Spain, France, Italy
Japan's Nidec raises full-year profit outlook on strong demand
  + stars: | 2021-10-26 | by ( ) www.reuters.com   time to read: +1 min
Nidec Corp's logo is pictured at an earnings results news conference in Tokyo, Japan, July 25, 2018. REUTERS/Kim Kyung-HoonTOKYO, Oct 26 (Reuters) - Japan's Nidec Corp (6594.T) increased its full-year earnings outlook by 6% on Tuesday, as the precision electric motor maker benefited from increased demand from home appliance makers, auto companies and others. The company expects full year operating profit of 190 billion yen compared with an earlier forecast of 180 billion yen. That is lower than an average 192.2 billion yen prediction based on estimates from 20 analysts, according to Refinitiv data. For the three months ended Sept 30 the company posted a 10% rise in second quarter operating profit to 45.6 billion yen compared with a profit of 41.4 billion yen a year ago, worse than an average 46.8 billion yen profit estimated by five analysts surveyed by Refinitiv.
Persons: Kim Kyung, Hoon, Nidec, Tim Kelly, Shri Navaratnam Organizations: REUTERS, Nidec Corp, France's Peugeot SA, Germany's Bosch, Toyota, Refinitiv, Thomson Locations: Tokyo, Japan, Serbia
PARIS (Reuters) - French defence group Thales reaffirmed full-year financial forecasts as it reported a 1.4% dip in underlying third-quarter sales, dampened by comparisons with the easing of a first wave of COVID-19 lockdowns a year earlier. FILE PHOTO: The logo of French defence and electronics group Thales is seen at the company's headquarters in Merignac near Bordeaux, France, March 22, 2019. The proposed deal values the division at 1.66 billion euros. Thales expects 2021 sales between 15.8 billion and 16.3 billion euros based on its structure as of August 2021, and an operating margin of 9.8% to 10.3%, with orders topping revenues. It remains unclear whether Thales could still pick up any business for the replacement subs via its presence in the UK.
Persons: Regis Duvignau, Pascal Bouchiat, ” Bouchiat, Bouchiat, Thales, Organizations: PARIS, Thales, REUTERS, Thales ’ Aerospace, Security, Thales ’, Hitachi, Group, Naval Group, U.S Locations: Merignac, Bordeaux, France, Paris, France’s, Australia, French
FILE PHOTO: French car parts supplier Faurecia's logo is seen during the company's investor day in Paris, France, April 19, 2016. REUTERS/Charles PlatiauPARIS (Reuters) -French car parts maker Faurecia posted a more than 10% drop in third-quarter sales on Tuesday, as its customers cut production due to a global shortage of semiconductor chips. The group, which supplies car seats, dashboards and fuel systems to automakers, reported sales of 3.43 billion euros ($3.99 billion), compared to 3.82 billion euros in the same period of 2020. “Market conditions remained tough in the past quarter, impacted by adverse supply chain conditions, primarily semiconductors,” Chief Executive Officer Patrick Koller said in a statement. Car makers such as Renault, Volkswagen and Stellantis - some of Faurecia’s biggest customers - have cut production targets due to the shortage, slowing demand for parts.
Persons: Charles Platiau PARIS, Faurecia, Patrick Koller, coronavirus Organizations: REUTERS, IHS, Renault, Volkswagen, Faurecia Locations: Paris, France
French auto supplier Faurecia's sales slide on chips shortage
  + stars: | 2021-10-26 | by ( ) www.reuters.com   time to read: 1 min
French car parts supplier Faurecia's logo is seen during the company's investor day in Paris, France, April 19, 2016. REUTERS/Charles PlatiauPARIS, Oct 26 (Reuters) - French car parts maker Faurecia (EPED.PA) on Tuesday reported third-quarter sales down over 10% from a year ago, as its customers cut production due to a global shortage in semiconductor chips. The group, which supplies car seats, dashboards and fuel systems to automakers, reported sales of 3.43 billion euros ($4 billion) compared to the 3.82 billion euros in posted in the same period of 2020. It confirmed its financial guidance for 2021, which it had cut in September due to new forecasts on a global shortfall in automotive production. read more($1 = 0.8593 euros)Reporting by Sarah Morland; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.
Persons: Charles Platiau PARIS, Sarah Morland, Sudip Kar Organizations: REUTERS, Gupta, Thomson Locations: Paris, France, Faurecia
BRUSSELS (Reuters) - Divisions have deepened among European Union countries ahead of an emergency meeting of ministers on Tuesday on their response to a spike in energy prices, with some countries seeking a regulatory overhaul and others firmly opposed. REUTERS/Regis DuvignauEuropean gas prices have hit record highs in autumn and remained at lofty levels, prompting most EU countries to respond with emergency measures like price caps and subsidies to help trim consumer energy bills. In an indication of differences likely to emerge at the meeting, nine countries including Germany - Europe’s biggest economy and market for electricity - on Monday said they would not support EU electricity market reforms. “This will not be a remedy to mitigate the current rising energy prices linked to fossil fuels markets,” the countries said in a joint statement. A European Commission proposal to upgrade EU gas market regulation to make it greener, due in December, is seen as the earliest that such proposals would arrive.
Persons: Regis, Viktor Orban Organizations: Union, REUTERS, European Commission Locations: BRUSSELS, Bordeaux, soutwestern France, Spain, France, Czech Republic, Greece, Poland, Germany, Europe’s
Facebook earned $9.2 billion in the third quarter, up from $7.8 billion last year. That's more than analysts expected, even as Facebook faces controversy an internal document leak. According to its quarterly results report released Monday, the social media company's revenue rose to $29 billion in the three months leading up to September 30, compared to $21.5 billion last year. Haugen, a data scientist who worked on Facebook's team fighting misinformation, shared a set of internal documents to news organizations earlier this month. In analyzing the documents, these media outlets found that Facebook failed to counter hate speech and prioritized profit over user safety.
Persons: That's, Sheryl Sandberg, Frances Haugen, Haugen, Mark Zuckerberg Organizations: Facebook, Service, CNBC
Tesla rents a runaway $1 trillion valuation
  + stars: | 2021-10-26 | by ( ) www.reuters.com   time to read: +1 min
A logo of the American car rental company Hertz is seen at Bordeaux Airport in Merignac, Southwestern France, February 4, 2016. REUTERS/Regis Duvignau/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH 'BUSINESS WEEK AHEAD NOV 7' FOR ALL IMAGES - S1AEULJXRPACNEW YORK, Oct 25 (Reuters Breakingviews) - Tesla (TSLA.O) boss Elon Musk is prone to exaggeration. Yet a 13% surge on Monday that pushed Tesla’s market capitalization over $1 trillion adds to some justifiable underpinnings. The surge followed news that car-rental outfit Hertz would order 100,000 Teslas by the end of 2022. The most eye-catching effect, though, is to make Tesla's sky-high valuation a little less far-fetched.
Persons: Hertz, Regis, Elon Musk, Mark Fields, Richard Beales, Jeffrey Goldfarb, Katrina Hamlin Organizations: Bordeaux Airport, REUTERS, Reuters, Refinitiv, Ford Motor, Hertz, Volvo Locations: Merignac, Southwestern France, EVs
Though she became chancellor in 2005, Ms. Merkel’s leadership was more short-lived than many realize. It wasn’t until the eurozone crisis, which began in 2010 and sent borrowing costs soaring across the bloc, that Ms. Merkel became a European powerhouse. Ms. Merkel became the central player in all the big questions Europe faced. In 2014, she pushed a divided European Union into agreeing on collective sanctions against Russia over the annexation of Crimea. For her last act of European leadership, Ms. Merkel tried to seal Europe’s orientation toward China.
Persons: Merkel’s, Merkel, Nicolas Sarkozy, Sarkozy, Silvio Berlusconi, Sarkozy’s, , Macron, Joe Biden Organizations: Russia, North, Comprehensive Locations: European, France, Crimea, Union, Turkey, Europe, North Macedonia, Albania, China, America
European Commissioner in Charge of Internal Market Thierry Breton speaks on during a news conference on security and cybersecurity strategy at the EU headquarters in Brussels, Belgium June 23, 2021. Kenzo Tribouillard/Pool via REUTERSPARIS, Oct 26 (Reuters) - Thierry Breton, the French politician who is the European Commission's internal market commissioner, said on Tuesday that France was right to consider whether or not the European Union should decouple European electricity and gas prices. Breton also told BFM TV that he was not sure if a common buying policy of gas by the EU, as proposed by Spain, would be effective. Divisions have deepened among EU countries ahead of an emergency meeting of ministers on Tuesday on their response to a spike in energy prices, with some countries seeking a regulatory overhaul and others firmly opposed. read moreReporting by Sudip Kar-Gupta Editing by Raissa KasolowskyOur Standards: The Thomson Reuters Trust Principles.
Persons: Thierry Breton, Kenzo Tribouillard, Breton, BFM, Sudip Kar, Raissa Organizations: EU, REUTERS, European Union, Thomson Locations: Brussels, Belgium, REUTERS PARIS, French, France, European, Spain
Signed Serena rookie card sold for record price at auction
  + stars: | 2021-10-26 | by ( ) www.reuters.com   time to read: +1 min
Tennis - French Open - Roland Garros, Paris, France - June 4, 2021 Serena Williams of the U.S. during her third round match against Danielle Rose Collins of the U.S. REUTERS/Benoit TessierOct 26 (Reuters) - An autographed Serena Williams rookie card printed in 2003 has become the most expensive women's sports card after fetching $44,280 at auction last weekend, New Jersey-based Goldin Auctions said. The previous record was $34,440 for a rookie card of former U.S. soccer player Mia Hamm sold in June. loadingESPN reported the Williams card was bought by alternative-asset trading platform Alt on behalf of a private client. "People are accepting women's trading cards as collectables," ESPN quoted Goldin Auctions founder Ken Goldin as saying. Reporting by Manasi Pathak in Bengaluru; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.
Persons: Roland Garros, Serena Williams, Danielle Rose Collins, Benoit Tessier, Goldin Auctions, Mia Hamm, Williams, Goldin, Ken Goldin, Manasi Pathak, Peter Rutherford Organizations: U.S, REUTERS, ESPN, Wimbledon, Thomson Locations: Paris, France, New Jersey, Bengaluru
The logo of French telecom operator Orange is seen at the construction site of the new Orange telecommunications company headquarters in Issy-les-Moulineaux near Paris, France, February 16, 2021. Orange has signed deals with French rivals to help it deploy mobile and broadband networks, adding a new stream of revenue to the group's regular sale of mobile and broadband contracts. The lower return from these deals quasi-exclusively explains the 4.1% drop in sales in France, Chief Financial Officer Ramon Fernandez told reporters in a call. Out of the 190 million euros drop in French sales, 180 million were due to the fall in co-investment deals, he said. It also confirmed its targets for 2023, which include underlying cash flow from telecom activities of 3.5-4.0 billion euros.
Persons: Gonzalo Fuentes PARIS, Ramon Fernandez, Orange, Mathieu Rosemain, Sudip Kar Organizations: Orange, REUTERS, France's, Thomson Locations: Orange, Issy, Paris, France, Spain
One research note, for example, showed that only a few "abuse categories" for reporting hate speech in Afghanistan had been translated into the local language Pashto. "Furthermore, the Pashto translation of Hate Speech does not seem to be accurate," the author wrote, pointing out that most of the sub-categories of hate speech for a user to report were still in English. But AI models need to be trained to detect and remove content such as hate speech using sample words or phrases known as "classifiers." The Facebook spokesperson said the company added hate speech classifiers for Hindi in 2018 and for Bengali in 2020. A key flaw in a troubled regionIndeed, Facebook's language deficit may be most stark in one of the world's most unstable regions: the Middle East.
Persons: Mark Zuckerberg, Frances Haugen's, Haugen, Evelyn Douek, Facebook's, it's, Douek, Miranda Sissons, Nicole Isaac Organizations: CNN, Securities and Exchange Commission, Facebook, Congress, CNN Business, Columbia University's, Wall Street, Human Rights, Germany's Locations: India, Pakistan, Ethiopia, Iraq, Afghanistan, United States, Myanmar, East, Northern Africa, Moroccan, Algeria, Tunisia, Libya, Casablanca, Germany's Essen
"We're doing what we can to handle these bills but as they go up it's getting catastrophic." Leslie Lemee, a social worker at SOLIHA - the housing network that helps the Kadios with their bills - said the family received a government grant, though this covers only a fraction of the costs. "In France people are being very, very careful about their heating," said Frederique Feriaud, a director at the national mediator. The Kadios' social worker said their situation was among several exacerbated by factors such as poor insulation and more time spent at home due to lockdowns, remote working and job losses. ($1 = 0.8593 euros)Reporting by Sarah Morland and Noemie Olive in Paris; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
Persons: Jacques Kadio, Kadio, Jean Castex, Leslie Lemee, Frederique Feriaud, Sarah Morland, Noemie Olive, Emelia Sithole Organizations: French, Thomson Locations: Europe, SOLIHA, France, Paris
France doesn't intend to exit Air France-KLM capital - APE head
  + stars: | 2021-10-26 | by ( ) www.reuters.com   time to read: +1 min
An Air France aircraft, operated with sustainable aviation fuel (SAF) produced by TotalEnergies, is refueled before its first flight from Nice to Paris at Nice airport, France, October 1, 2021. REUTERS/Eric GaillardPARIS, Oct 26 (Reuters) - France doesn't intend to exit the capital of airline company Air France-KLM (AIRF.PA) in the coming years, Martin Vial, head of the French state shareholding agency APE, said on Tuesday. Vial also told reporters that the French state could take part in any new operation involving Air France-KLM's capital. France has a 28.60% stake in Air France-KLM, according to data from Refinitiv. read moreReporting by Jean-Michel Belot; Writing by Matthieu Protard; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Persons: Eric Gaillard PARIS, France doesn't, Martin, Ben Smith, Jean, Michel Belot, Matthieu Protard, Kirsten Donovan Organizations: Air France, REUTERS, KLM, ., . Air France, Thomson Locations: Nice, France, Air, . Air, United States
Passengers from Amsterdam arrive at Changi Airport under Singapore’s expanded Vaccinated Travel Lane (VTL) quarantine-free travel scheme as the city-state opens its borders to more countries amidst the coronavirus disease (COVID-19) pandemic, in Singapore October 20, 2021. REUTERS/Edgar SuSINGAPORE, Oct 26 (Reuters) - Singapore will allow quarantine-free entry to travellers vaccinated against COVID-19 from Australia and Switzerland from Nov. 8, the city-state's aviation regulator said on Tuesday. Singapore is slowly re-opening its borders and has expanded quarantine-free travel to nearly a dozen countries, including Germany, Canada, France, Britain and the United States, under its Vaccinated Travel Lanes (VTL) programme. Visitors can travel to Singapore under the programme if they have been fully vaccinated and tested negative in COVID-19 tests. Last week, the United States advised citizens against travel to Singapore and raised its alert for the city-state to its highest risk level.
Persons: Edgar Su SINGAPORE, Chen Lin, James Pearson Organizations: Changi Airport, Singapore’s, REUTERS, COVID, Thomson Locations: Amsterdam, Singapore, Australia, Switzerland, Germany, Canada, France, Britain, United States, COVID
THE GLOBAL ECONOMY: China's economy is teetering on the brink of disaster. If the bottom falls out, the whole world could be dragged down by the collapse of its second-largest economy. Now the country needs people to actually use, and pay for, everything that's been built," Insider's Linette Lopez writes. Now the country needs people to actually use, and pay for, everything that's been built," Insider's Linette Lopez writes. Economists expect this ideological shift to slow growth even more, which in turn would make China's attempts to transform its economy that much more precarious.
Persons: Phil Rosen, that's, Insider's Linette Lopez, Morgan Stanley, Xi Jinping, Trump, Read, Xi, Mark Zuckerberg, Frances Haugen, Zuckerberg, Joe Biden, There's, Democratic Sen, Joe Manchin, Mitch McConnell, Olivier Douliery, Here's, Donald Trump, Lori Lightfoot, Dave Chappelle, he's, Chappelle, Winston Churchill Organizations: iOS, Android, Communist Party, European Union, China, Facebook, Washington Post, New York Times, Democratic, DC Marijuana, Getty, Top, Republicans, Associated Press, New York, Police Benevolent Association, Times, Trump, Netflix, CNN, White House Locations: Beijing, China, Xinjiang, Vietnam, AFP, EU, Sudan, York, New York, Chicago
Facebook whistleblower Frances Haugen appeared before UK lawmakers on Monday. Haugen said it was cheaper to place "hateful" ads on Facebook because they get more engagement. "An ad that gets more engagement is a cheaper ad," she said. This made it "substantially" cheaper to run an "angry, hateful, divisive ad than it is to run a compassionate, empathetic ad," she said. Numerous news organizations published stories about Facebook on Monday after reviewing company documents, known as the "Facebook Papers," leaked by Haugen.
Persons: Frances Haugen, Haugen, Organizations: Facebook, Service
European gas prices have hit record highs in the autumn and remain at lofty levels, prompting most EU countries to respond with emergency measures like price caps and subsidies to help trim consumer energy bills. Those countries will make the case on Tuesday for proposals that include decoupling European electricity and gas prices, joint gas buying among countries and, in the case of a few countries including Poland, delaying planned climate change policies. EU energy policy chief Kadri Simson said she hoped to receive a clear message from ministers on what medium-term measures the EU should take to respond. Other proposals - such as countries forming joint gas reserves - have also been met with resistance from some countries. "I think that the Spanish government is over-promising by saying joint gas procurement will solve the crisis," Luxembourg energy minister Claude Turmes said.
Persons: Regis Duvignau, Sara Aagesen, Kadri Simson, Simson, Claude Turmes, Viktor Orban, Kate Abnett, Marine Strauss, Jan Strupczewski, Isla Binnie, Bernadette Baum, David Holmes Organizations: REUTERS, Union, European Union, European Commission, Thomson Locations: Bordeaux, soutwestern France, Regis Duvignau LUXEMBOURG, Spain, France, Czech Republic, Greece, Poland, Germany, Europe's, EU, Luxembourg
The company's logo is seen outside of an IKEA Group store in Saint-Herblain near Nantes, France, March 22, 2021. IKEA a few years ago tweaked its strategy towards adding inner-city store formats besides its giant out-of-town warehouse stores to reflect changing shopping behaviour. Its first centrally located store in London is due to open in the coming months, in the borough of Hammersmith. "A conditional purchase agreement has been signed to acquire a property at 214 Oxford Street (Oxford Circus) in London," Ingka Investments said in a statement. The Oxford Street IKEA store will be the biggest inner-city format store to date, Mattsson said in an interview.
Persons: Stephane Mahe, Krister Mattson, Mattsson, Anna Ringstrom, Jan Harvey Organizations: IKEA Group, REUTERS, Stephane Mahe STOCKHOLM, IKEA, London's Oxford, Arcadia Group, Ingka, Reuters, Oxford, Investments, Oxford Street IKEA, Thomson Locations: Saint, Herblain, Nantes, France, London's, Paris, London, Hammersmith
Facebook whistleblower Frances Haugen says she's "shocked" by the scale of Facebook's "metaverse" plans. Haugen said a similar investment in the company's safety division would have been "amazing." Facebook CEO Mark Zuckerberg told The Verge in July that he wanted Facebook to become a "metaverse company." "I was shocked to hear recently that Facebook wants to double down on the metaverse and that they're going to hire 10,000 engineers in Europe to work on the metaverse," Haugen said. it would have been amazing," Haugen told a UK parliamentary select committee on Monday.
Persons: Frances Haugen, she's, Haugen, , Mark Zuckerberg, we'd, Sophie Zhang, mischaracterizing, Zuckerberg, Facebook Organizations: Facebook, Service, Reality Labs Locations: Europe
Total: 25