Business News

By Niket Nishant and Divya Rajagopal (Reuters) -Royal Bank of Canada (RBC) and National Bank of Canada set aside more funds to deal with bad loans on Wednesday, denting fourth …

By Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank said on Wednesday that 12.2% of borrowers from authorized financial institutions are in a “risky indebtedness” situation, with the total number …

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Lisa Cook said on Wednesday it could soon be time for the U.S. central bank to take its foot off …

LONDON (Reuters) – There has been a 33% increase in the number of people in England and Wales struggling to pay their water bills since May, according to a report …

(Reuters) – The European Union has threatened Elon Musk’s Twitter with a ban unless the billionaire abides by its strict rules on content moderation, setting up a regulatory battle over …

BOGOTA (Reuters) – Colombia could be open to buying Venezuelan fertilizer maker Monomeros, Finance Minister Jose Antonio Ocampo said on Wednesday, at a time when higher fertilizer prices have contributed …

By Mike Stone and David Carnevali (Reuters) – Industrial conglomerate General Electric Co and defense contractor L3Harris Technologies Inc are among those competing to acquire rocket maker Aerojet Rocketdyne Holdings …

By Mathieu Rosemain and Olivier Sorgho (Reuters) -French IT consulting firm Atos is making Amazon.com’s cloud services division its preferred partner for migrating its clients’ workloads to the cloud, it …

COLUMBUS, NJ – Who would have thought that one of the better slices of pizza in New Jersey could only be found on weekends at a pizzeria that has been …

By Kate Abnett BRUSSELS (Reuters) -The European Union’s energy chief on Wednesday defended the bloc’s proposal to cap gas prices and said countries will negotiate possible changes to the proposal, …

By Alex Lawler LONDON (Reuters) – OPEC oil output has fallen in November, led by top exporter Saudi Arabia and other Gulf members, after the wider OPEC+ alliance pledged steep …

By Susan Mathew and Devik Jain (Reuters) -The STOXX 600 index closed higher on Wednesday and registered its second straight month of gains on hopes of easing COVID curbs in …

By Joseph White DETROIT (Reuters) – Cruise, General Motors Co’s robotaxi unit, plans to enter a “large number of markets” and scale operations up to “thousands of vehicles” in 2023, …

(Changes one of the bylines; no changes to text of story) By Aftab Ahmed and Manoj Kumar NEW DELHI (Reuters) – India posted annual economic growth of 6.3% in its …

By Davide Barbuscia and Marc Jones NEW YORK (Reuters) -Asset manager BlackRock has said 2023 will require a new investment playbook, backing banks and energy sectors to do well, while …

By David Lawder NEW YORK (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday said social media company Twitter should be held to certain standards for content, arguing that it …

(Reuters) -Warner Bros Discovery-owned CNN’s top boss Chris Licht informed employees in an all-staff memo on Wednesday that layoffs are under way, according to an email seen by Reuters. Licht …

(Reuters) – U.S. shale producer Coterra Energy pleaded no contest for contaminating well water in Dimock, Pennsylvania, and will pay $16.29 million to construct a new means of water supply …

TOKYO (Reuters) – Honda said it would develop technology enabling its level 3 self-driving capability to function at any speed below legal limits on highways by the second half of …

By Joe Bavier JOHANNESBURG (Reuters) – African nations facing a food crisis brought on in part by the global pandemic and conflict in Ukraine need immediate liquidity support and in …

(Reuters) -Amazon.com Inc said on Wednesday it recorded its biggest ever Thanksgiving weekend this year as shoppers, undeterred by inflation, scooped up everything from New Balance sneakers to Nintendo Switch …

By Chiara Elisei and Danilo Masoni (Reuters) – Credit Suisse’s planned $2.4 billion fundraising to help pay for a major overhaul faced mounting market headwinds on Wednesday, with the cost …

PARIS (Reuters) -European planemaker Airbus announced on Wednesday a partnership with French carmaker Renault to develop a new generation of electric batteries for cars and planes. Engineering teams from both …

MOSCOW (Reuters) -The Russian economy shrank 1.7% year on year from January to September, but capital investment, one of the main economic growth drivers, rose 5.9% in the same period, …