By Jonathan Allen (Reuters) -Nikolas Cruz, who murdered 17 students and staff with a semi-automatic rifle at a Florida high school, was formally sentenced to life in prison on Wednesday …
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India cenbank’s monetary committee discusses report on inflation target miss
by Reutersby ReutersBy Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India’s monetary policy committee met on Thursday to discuss the bank’s report to the government for having failed to meet …
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‘Massive scars’: Germany’s Uniper posts record 40 billion euro net loss
by Reutersby ReutersBy Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – Soon-to-be-nationalised gas importer Uniper reported a record 40 billion euro ($39.3 billion) net loss, among the biggest in German corporate history, …
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Exclusive-Zambia says EximBank to represent Chinese lenders in debt talks
by Reutersby ReutersBy Jorgelina do Rosario and Rachel Savage LONDON/JOHANNESBURG (Reuters) – The Export-Import Bank of China (EximBank) will lead Beijing’s team to renegotiate nearly $6 billion of loans that Zambia owes …
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Under Armour cuts annual forecasts as sportswear demand slumps
by Reutersby Reuters(Reuters) -Under Armour Inc cut its annual revenue and profit forecasts on Thursday, as the sporting goods company contends with weakening demand from consumers ahead of the crucial holiday shopping …
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Microsoft extends free tech support for Ukraine through 2023
by Reutersby Reuters(Reuters) – Microsoft Corp said on Thursday it would extend technology support for Ukraine free of charge through 2023, as Russia’s invasion of the country drags on. Microsoft said it …
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By Nick Carey and Victoria Waldersee LONDON/BERLIN (Reuters) – Europe’s drive to build a homegrown electric vehicle battery industry is hitting roadblocks as investors shy away from giving startups sufficient …
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Federal Reserve rate hikes rival inflation pain in one rural town
by Reutersby ReutersBy Howard Schneider GREENSBORO, Alabama (Reuters) – The community roundtable was organized as a chance for Atlanta Federal Reserve President Raphael Bostic to hear how a town in the heart …
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Mexico succession puts scientist on path to be first woman president
by Reutersby ReutersBy Dave Graham MEXICO CITY (Reuters) – The most historic legacy of President Andres Manuel Lopez Obrador, a left-leaning resource nationalist who casts his administration as a turning point in …
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Thai monetary policy will consider economic outlook, inflation – central bank
by Reutersby ReutersBANGKOK (Reuters) – Thailand’s central bank said on Thursday its policy will take into account the country’s economic growth, inflation rate, and financial stability. “Capital flows remain normal despite a …
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U.S. Treasury’s Adeyemo heads to Europe to discuss sanctions on Russia, oil price cap
by Reutersby ReutersBy Daphne Psaledakis WASHINGTON (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo will travel to Paris, London and Brussels next week, where he will discuss sanctions on Moscow and continue …
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A look at the day ahead in U.S. and global markets from Mike Dolan. If markets thought a Fed ‘pivot’ might signal an end or even a pause to the …
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Police back Republican candidates in U.S. midterms, even those at Jan. 6 riot
by Reutersby ReutersBy Julia Harte NEW YORK (Reuters) – The Wisconsin Fraternal Order of Police has endorsed some Democratic candidates in past elections. But this year, in each of the 13 races …
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VW’s SEAT says Spain’s subsidy for battery plant, EV production ‘not sufficient’
by Reutersby ReutersBy Corina Pons MADRID (Reuters) -The chief of Volkswagen’s Spanish unit SEAT said on Thursday the subsidies offered by Spanish authorities for a battery factory construction and electric vehicle production …
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Starbucks investors seek specifics from incoming CEO on union, cafe overhauls
by Reutersby ReutersBy Hilary Russ and Jessica DiNapoli NEW YORK (Reuters) – Incoming Chief Executive Officer Laxman Narasimhan took the stage at Starbucks Corp’s Seattle headquarters in September, telling investors he would …
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ZURICH (Reuters) -Credit Suisse profitability could be hit by a drop in asset management fees in the fourth quarter, the Swiss bank said in a financial report late on Wednesday. …
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China says U.S. has ‘no right’ to interfere in Hamburg port deal
by Reutersby ReutersBEIJING (Reuters) – The U.S has “no right” to interfere in Chinese cooperation with Germany, China’s foreign ministry said Thursday, after Washington cautioned against Beijing getting a controlling stake in …
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BENGALURU (Reuters) -WhatsApp is globally rolling out a feature called Communities to organize various chat groups in larger structures, as well as other features such as bigger group video calls …
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LONDON (Reuters) – The biggest downturn since January 2021 hit British services companies last month, although it was not as severe as first estimated, according to a business survey that …
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Stellantis sales rise 29% in Q3 but delivery issues cast cloud
by Reutersby ReutersBy Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) – Revenues at Stellantis rose 29% in the third quarter as improved semiconductor supplies helped to boost sales volumes, the owner of …
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China’s Lenovo posts first revenue drop in 10 quarters as COVID lockdowns weigh
by Reutersby ReutersBy Josh Ye HONG KONG (Reuters) -China’s Lenovo Group reported its first revenue decline in 10 quarters as a pandemic-fuelled computer sales boom comes to an end, with sales especially …
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China Evergrande chairman’s Hong Kong mansion seized by bank
by Reutersby ReutersHONG KONG (Reuters) -A mansion belonging to embattled China Evergrande Group’s chairman in Hong Kong’s prestigious The Peak residential enclave has been seized by lender China Construction Bank (Asia), records …
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BMW CFO: still in a position to achieve good prices for our cars
by Reutersby ReutersBERLIN (Reuters) – BMW is still in a position to achieve good prices for its cars, the company’s chief financial officer said on Thursday. In the first nine months of …
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Malaysia central bank delivers fourth straight rate rise as inflation risks persist
by Reutersby ReutersBy Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s central bank delivered a fourth consecutive rate hike on Thursday as it sought to contain persistent inflation amid a positive growth outlook. Bank …
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Turkey’s inflation hits 24-year high of 85.5% after rate cuts
by Reutersby ReutersISTANBUL (Reuters) -Turkish annual inflation climbed to a new 24-year high of 85.51% in October, official data showed on Thursday, slightly below forecast, after the central bank cut its policy …