– French waste and water management company Veolia said on Thursday that it would own 95.95% of rival Suez’ share capital as a result of the cash tender offer, according …
Reuters
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By Erwin Seba HOUSTON – Exxon Mobil Corp and the United Steelworkers union (USW) have swapped proposals as they work toward possibly ending a nearly 10-month lockout by the company …
- US and World News
Navalny activist flees Russia as top aides report threatening letters
by Reutersby ReutersBy Tom Balmforth MOSCOW -An activist ally of Kremlin critic Alexei Navalny told Reuters on Thursday she had fled Russia to avoid jail, while two of his top aides said …
- US and World News
Israel sees Holocaust tropes in COVID protests fuelling anti-Semitism
by Reutersby ReutersBy Dan Williams JERUSALEM – Protesters against COVID-19 measures who liken themselves to Jews under Nazi persecution are stoking global anti-Semitism, the Israeli government said in a report marking International …
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By Tim Kelly and Gilles Guillaume TOKYO/PARIS -Renault and Nissan will work more closely together to make electric cars, they said on Thursday, as they detailed a $26 billion investment …
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By Ana Isabel Martinez MEXICO CITY – Miguel Alejo does not know how inflation is measured or what makes a recession. But at the Mexico City food market where he …
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MILAN – Sales at Italian luxury group Salvatore Ferragamo rose by 31.4% last year, in line with market expectations, although they are still far below pre-pandemic levels. The leather goods …
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By Chibuike Oguh -Blackstone Inc on Thursday said distributable earnings rose by 55% to a record high, as the world’s largest manager of alternative assets took advantage of rising markets …
- Business News
U.S. SEC proposes asking companies to say why CEO pay and performance often don’t match up
by Reutersby ReutersBy Katanga Johnson WASHINGTON – Public companies in the United States would be required to disclose how the pay of their top executives squares with their overall performance under a …
- Business NewsFood & Dining
Chocolate Easter bunnies under threat due to supply woes warn German makers
by Reutersby ReutersHAMBURG – Tight supplies of commodities including sugar and cocoa plus global logistics problems could hit production of chocolate Easter bunnies, Germany’s confectioners warned on Thursday. “The market for important …
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By Arathy Somasekhar and Ruhi Soni -Dow Inc on Thursday forecast better-than-expected sales for the current quarter after fourth-quarter results beat estimates, helped by higher prices for its products as …
- Business NewsFood & Dining
McDonald’s profit hit by rising costs, pandemic curbs
by Reutersby ReutersBy Praveen Paramasivam and Hilary Russ -McDonald’s Corp missed revenue and profit expectations on Thursday, as higher costs and tepid sales in its over 4,500 restaurants in Australia and China …
- Business News
Apple to turn iPhones into payment terminals, rival Square – Bloomberg
by Reutersby Reuters-Apple Inc is planning a new service that will allow small businesses to accept payments directly on their iPhones without connecting any extra hardware such as Block Inc’s Square terminals, …
- Business News
U.S. banks look forward to ‘bread-and-butter’ growth as economy rebounds
by Reutersby ReutersBy David Henry NEW YORK – U.S. banks will enjoy stronger growth this year from their “bread-and-butter” business of taking deposits and lending money as the U.S. economy expands and …
- Business News
Stellantis ready to repay 6.3 billion euro Italy state-backed loan in advance- sources
by Reutersby ReutersMILAN – Stellantis is preparing to early repay a 6.3 billion euros ($7 billion) loan backed by Italian government its predecessor Fiat Chrysler obtained at the peak of a COVID-19 …
- Business NewsFeatured NewsOMG!US and World News
Judge rules Amazon, Whole Foods can be sued by murderer who was denied job
by Reutersby ReutersNEW YORK – A federal judge said Amazon.com Inc and its Whole Foods unit can be sued over the refusal to hire a convicted murderer who claimed to be rehabilitated …
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By Saikat Chatterjee SINGAPORE -Strategists at the world’s top investment banks scrambled to change their Federal Reserve rate calls on Thursday after policymakers emphasised at a policy meeting that it …
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By John Revill ZURICH -Swiss banks have criticised planned new measures designed to cool the country’s red hot property market, saying the steps were unnecessary and would do nothing to …
- Business News
U.S. crop insurance payouts rise sharply as climate change worsens droughts, floods
by Reutersby ReutersBy Leah Douglas – Insurance payments to U.S. farmers for crops lost to droughts and flooding have risen more than threefold over the past 25 years, according to an analysis …
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By Helen Coster and Eva Mathews – Comcast Corp is ramping up spending on its Peacock streaming service, executives said on Thursday, aiming to catch up to big media rivals …
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By Elena Fabrichnaya MOSCOW – Binance, the world’s largest cryptocurrency exchange, wants to expand in Russia and neighbouring states where it sees prospects for new regulations that will boost its …
- Business News
U.S. pending home sales fall for second straight month in December
by Reutersby ReutersWASHINGTON – Contracts to buy U.S. previously owned homes fell for a second straight month in December amid record low inventory. The National Association of Realtors (NAR) said on Thursday …
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– Hedge funds that specialize in picking stocks started 2022 with losses, investors and research firms said this week as markets went on a rollercoaster ride fueled by fears of …
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WASHINGTON – U.S. President Joe Biden welcomed the strong GDP growth figure released on Thursday, saying his economic plan is working and urging Congress to pass legislation to make the …
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The world’s first medical trial authorized to deliberately expose participants to the coronavirus is seeking more volunteers as it steps up efforts to help develop better vaccines. The Oxford University …