Business News

By David Shepardson WASHINGTON (Reuters) -The District of Columbia attorney general’s office on Wednesday sued Amazon.com Inc and its Amazon Logistics subsidiary alleging the biggest online retailer had withheld tips …

By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by half a percentage point to the highest level in …

(Reuters) -Amazon.com Inc said it has resolved an issue that prevented some users from accessing the shopping site on Wednesday. “We’re sorry that some customers may have temporarily experienced issues …

By Fergal Smith TORONTO (Reuters) – The Canadian dollar strengthened against its U.S. counterpart on Wednesday, rebounding from an earlier one-month low, as markets priced in a slightly higher endpoint …

(Reuters) – BNP Paribas SA has appointed several senior executives to its Global Markets Americas division, the European bank said on Wednesday, in a move to further consolidate its presence …

BANGKOK (Reuters) – Tesla Inc launched two electric vehicle (EV) models in Thailand on Wednesday, marking its first foray into the regional autos hub that has long been dominated by …

By Stephanie Kelly (Reuters) – U.S. crude stocks fell in the latest week while gasoline and distillate inventories posted big builds, as oil refiners’ utilization climbed to the highest since …

MOSCOW (Reuters) – Russia’s economy has overcome the short-term slump caused by President Vladimir Putin’s partial mobilisation order, but the disinflationary impact it had in reducing consumer demand has practically …

PARIS (Reuters) -The Court of Justice of the European Union has dismissed as inadmissible an action brought by WhatsApp against a decision of the European Data Protection Board, it said …

(Reuters) – Turkey’s MNG Airlines will list on the New York Stock Exchange through a merger with Golden Falcon Acquisition Corp, a special purpose acquisition company (SPAC), the Turkish cargo …

TORONTO (Reuters) – The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 50 basis points to 4.25%, the highest level in almost 15 years, and signaled …

By Cooper Inveen and Christian Akorlie ACCRA (Reuters) – Ghana’s economic recovery efforts could be delayed and complicated if a visiting team from the International Monetary Fund (IMF) leaves without …

By David Milliken LONDON (Reuters) – The Bank of England looks set to raise interest rates to 3.5% or more next week, but policymakers appear increasingly split on how much …

OTTAWA, Dec 7 (Reuters) – The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 50 basis points to 4.25%, the highest level in almost 15 years, …

By Lucia Mutikani WASHINGTON (Reuters) -U.S. worker productivity rebounded at a bit faster pace than initially thought in the third quarter, though the trend remained weak, keeping labor costs elevated. …

(Reuters) – J.P.Morgan on Wednesday forecast a “milder” fourth-quarter contraction in the euro zone after strong resilience of the household sector resulted in a better-than-expected economic growth in the prior …

(Reuters) – Wall Street’s main indexes opened lower on Wednesday as warnings of a looming recession from major Wall Street bankers offset optimism around China relaxing its strict zero-COVID rules. …

(Reuters) -Mobileye Global Inc beat estimates for revenue and earnings on Wednesday in its first quarterly report after going public in October, as the Intel Corp unit benefited from strong …

By Granth Vanaik and Uday Sampath Kumar (Reuters) -Campbell Soup Co raised its annual sales and profit forecasts on Wednesday, supported by easing supply-chain issues and steady demand for its …

CAIRO (Reuters) – Egypt is expecting approval of a new $3 billion Extended Fund Facility package from the International Monetary Fund next week, Deputy Finance Minister Ahmed Kouchouk said on …

(Reuters) – Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced …

(Reuters) – Asset manager Blackrock on Wednesday said that a new regime of greater macroeconomic and market volatility means that investors should demand more compensation for taking the same levels …

AMSTERDAM (Reuters) – Experts for the Dutch government have found that an Uber lobbying campaign between 2013 and 2015 did not lead to special tax treatment for the U.S. company …

(Reuters) – Wall Street banks are adjusting to a more sluggish economic environment by laying off staff even as they compete to retain and recruit top talent, Kenneth Jacobs, Chief …

(Reuters) -E-cigarette maker Juul Labs on Tuesday said it has reached settlements with about 10,000 plaintiffs covering more than 5,000 cases in California. Juul did not disclose the settlement amount …