By Yiming Woo and Sarah Meyssonnier VAULX-EN-VELIN, France (Reuters) -Ten people including five children aged three to 15 were killed in a fire on Friday that engulfed a residential building …
Reuters
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NEW YORK (Reuters) – Goldman Sachs Group Inc is planning to cut a couple of thousand employees to navigate a difficult economic environment, a source familiar with the move said. …
- US and World News
Biden administration offers U.S. households more free COVID-19 tests for winter
by Reutersby ReutersBy Jeff Mason WASHINGTON (Reuters) -U.S. households can order four free at-home COVID-19 tests from the government website COVIDTests.gov beginning on Thursday as part of the Biden administration’s efforts to …
- Business News
Vivendi offers remedies to address EU concerns over planned Lagardere takeover -filing
by Reutersby ReutersBRUSSELS (Reuters) – French media conglomerate Vivendi has offered remedies to address European Union (EU) competition concerns over its planned takeover of Lagardere, according to a filing on the European …
- US and World News
White House: Next security assistance package for Ukraine coming
by Reutersby ReutersWASHINGTON (Reuters) – The White House said on Friday the next security assistance package for Ukraine is coming and it is expected to include more air defense capabilities for the …
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(Reuters) – Pandemic-related disruptions to global supply chains and the knock-on effects of Russia’s war in Ukraine have driven up prices of energy, commodities and necessities. Here’s how governments are …
- Business News
Self-driving trucking firm TuSimple appoints CFO, reconstitutes audit panel
by Reutersby Reuters(Reuters) – TuSimple Holdings Inc appointed interim financial chief Eric Tapia on a permanent basis and reconstituted its audit committee, the self-driving trucking firm said on Friday, weeks after an …
- Business News
Sale of Russia’s bailed-out Otkritie Bank to go through this year
by Reutersby ReutersMOSCOW (Reuters) – Russia’s Central Bank Governor Elvira Nabiullina said on Friday that the sale of bailed-out lender Otkritie Bank to Russia’s No. 2 bank VTB would go through before …
- Business News
Twitter manually reviewed all accounts that posted links to ElonJet -exec
by Reutersby ReutersBy Sheila Dang (Reuters) – Twitter Inc’s head of trust and safety told Reuters the company manually reviewed “any and all accounts” that violated its new privacy policy by posting …
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(This Dec.14 story has been corrected to say that Gary Shedlin, Mark McCombe and Rob Fairbairn will step down from BlackRock’s global executive committee, not step down as vice chairmen, …
- Business News
Czech interest rates likely to stay on hold until mid-2023 – Reuters poll
by Reutersby ReutersBy Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to hold interest rates steady at its final policy meeting of 2022 on Dec. 21 and will …
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By Valentina Za MILAN (Reuters) – UniCredit has struck a deal with asset manager Azimut Holding in a move that paves the way for the Italian bank to return to …
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OSLO (Reuters) -Finnish energy group Fortum said on Friday its Chief Financial Officer Bernhard Gunther will step down in the first quarter of 2023 and will be replaced by CFO …
- Business News
Italian economy to grow 0.4% in 2023, average inflation at 7.3% – central bank
by Reutersby ReutersMILAN (Reuters) – The Italian economy is expected to grow by 0.4% next year, a sharp slowdown compared with the 3.8% seen for 2022, the central bank said on Friday. …
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AMSTERDAM (Reuters) – The European Central Bank (ECB) has a longer way to go in raising interest rates than the Federal Reserve, but ultimately won’t raise its rates to the …
- Business News
China says it will step up support for economy in 2023 amid COVID pains
by Reutersby ReutersBy Kevin Yao BEIJING (Reuters) -China will focus on stabilising its $17-trillion economy in 2023 and step up policy adjustments to ensure key targets are hit, said a statement following …
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By Alun John LONDON (Reuters) – A flurry of investment banks raised their forecasts for where euro zone interest rates will peak, after the European Central Bank signalled on Thursday …
- US and World News
UK’s Sunak hopeful of resolution to Northern Ireland trade row with EU
by Reutersby ReutersBELFAST (Reuters) – British Prime Minister Rishi Sunak said on Friday he was hopeful of reaching a resolution to a long-running dispute with the European Union on changing post-Brexit trade …
- Business News
FTX debtors file bidding procedures motion for sale of four businesses
by Reutersby Reuters(Reuters) – FTX and its affiliated debtors said on Friday the company had filed a motion with the Bankruptcy Court seeking approval of bidding procedures to sell four businesses. Debtors …
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(Reuters) – U.S. equity funds saw net purchases in the week ended Dec. 14, as slowing inflation rates raised expectations that the Federal Reserve would cut back the pace of …
- Business News
Russia central bank holds rates, says inflationary factors prevail for now
by Reutersby ReutersBy Alexander Marrow MOSCOW (Reuters) -Russia’s central bank held its key interest rate at 7.5% at its final meeting of the year on Friday but slightly shifted its rhetoric to …
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By Tim Hepher and Aditi Shah LONDON/NEW DELHI (Reuters) – Air India is close to a deal to order more than 200 Boeing jets including 190 narrowbody 737 MAX and …
- US and World News
Biden plans to elevate Cindy McCain as executive director of WFP- Axios
by Reutersby Reuters(Reuters) – U.S. President Joe Biden is working to elevate Cindy McCain, widow of the late Republican Senator John McCain, as the executive director of World Food Program, Axios reported …
- Business News
Faraday Future slides on signaling need for funds to start production
by Reutersby Reuters(Reuters) – Shares of Faraday Future Intelligent Electric tumbled 21% premarket on Friday after the company unveiled production plans for its much-delayed luxury electric car that hinged on securing additional …
- US and World News
Explainer-When are attacks on civilian infrastructure war crimes?
by Reutersby ReutersBy Stephanie van den Berg THE HAGUE (Reuters) – Russia’s attacks on Ukraine’s civilian infrastructure, including energy facilities, have been described as possible war crimes by the office of the …