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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Ukraine’s finance minister says reconstruction costs are rising

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Marc Jones LONDON (Reuters) -Ukraine’s Finance Minister Serhiy Marchenko has said more Western support is needed to help it meet its growing reconstruction costs following this week’s escalation of …

  • Business News

    Elon Musk says Twitter to provide ‘amnesty’ to some suspended accounts starting next week

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    (Reuters) – Elon Musk said on Thursday that Twitter will provide a “general amnesty” to suspended accounts starting next week after running a poll on whether to do so for …

  • Business News

    Twitter job cuts a concern as new EU rules kick in, EU justice head says

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Foo Yun Chee BRUSSELS (Reuters) – Twitter’s decision to shut down its Brussels office and the laying off of thousands of employees are drawing concerns on whether the company …

  • Business News

    New Zealand consumer confidence slips in November – ANZ-Roy Morgan

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    (Reuters) – Consumer confidence in New Zealand fell in November compared with the prior month amid soaring inflation, rising rates and falling house prices, ANZ-Roy Morgan data showed on Friday. …

  • Business News

    Marketmind: PMI, PMI baby

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are looking to round off the week on a positive note …

  • Business News

    Oil muted as price cap proposal eases supply concerns

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Nia Williams (Reuters) -Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering in sight of two-month lows as the level of a …

  • Business News

    EDF could lose 5 billion euros from France’s windfall tax -Les Echos

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    PARIS (Reuters) – A planned French windfall tax on energy companies’ profits during Europe’s current energy crisis would likely cost debt-laden nuclear giant EDF around 5 billion euros ($5.20 billion) …

  • Business News

    NZ’s Fonterra plans to implement new capital structure by late March

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    (Reuters) – New Zealand dairy giant Fonterra Co-operative Group Ltd said on Friday it would implement its new capital structure, intended to make it easier for new farmers to join …

  • Business News

    Credit Suisse offers 889 million shares to existing investors in $4 billion capital hike

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    ZURICH (Reuters) -Credit Suisse has made 889 million new shares available to existing investors at 2.52 Swiss francs ($2.67) per share, the bank said on Thursday, confirming the final terms …

  • Business News

    Ghana plans to buy oil with gold instead of U.S. dollars

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    ACCRA (Reuters) -Ghana’s government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday. The …

  • Business News

    Zara workers in Spain start protests to demand higher pay

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Corina Pons MADRID (Reuters) – Dozens of Zara shop assistants protested in Madrid on Thursday outside the global fashion giant’s largest store to demand higher pay, and some workers …

  • Business News

    Stellantis to reorganise European dealer network from July 2023

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    MILAN (Reuters) – Franco-Italian carmaker Stellantis said on Thursday it would reorganise its European dealers’ network in July next year, starting from Austria, Belgium, Luxembourg and the Netherlands. “The rest …

  • Business News

    Loss of Viva would have negative impact on Colombia’s airline industry -Avianca

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Luis Jaime Acosta BOGOTA (Reuters) – The potential collapse of the low-cost Colombian airline Viva could lead to higher fares and the loss of connections to some cities, Avianca’s …

  • Business News

    Italy cash payments plan breaks spirit of EU accord, expert says

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Giuseppe Fonte and Gavin Jones ROME (Reuters) – A proposal in Italy’s draft budget is not in line with its previous commitments to incentivise electronic payments as a way …

  • Business News

    Stellantis looks to India for affordable EVs for Europe

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Aditi Shah NEW DELHI (Reuters) -Fiat parent Stellantis has concluded it can’t currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such …

  • Business News

    Real estate stocks power Europe’s STOXX 600 to fresh three-month high

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Sruthi Shankar and Devik Jain (Reuters) -Europe’s STOXX 600 index closed at a fresh three-month high on Thursday led by gains in real estate stocks after minutes from the …

  • Business News

    Exclusive-EU antitrust regulators ramp up Microsoft scrutiny, probe likely – sources

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Foo Yun Chee BRUSSELS (Reuters) – Microsoft is likely to face an EU antitrust investigation as regulators intensify their scrutiny into its practices in a case triggered by Salesforce.com’s …

  • Business News

    Binance to commit $1 billion for crypto recovery initiative

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    (Reuters) -Cryptocurrency exchange Binance said on Thursday it was committing $1 billion to establishing an industry recovery initiative (IRI) to invest in companies from the digital assets sector. The move …

  • Business News

    German Finance Minister: need stability and growth for sustainable public finances

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    PARIS (Reuters) – Economic stability and growth are both crucial for delivering sustainable public finances, German Finance Minister Christian Lindner told a news conference ahead of talks with his French …

  • Business News

    Bank of England’s Mann sees inflation at upper end of BoE forecasts

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    LONDON (Reuters) – Bank of England policymaker Catherine Mann said on Thursday that she expected inflation would be at the upper end of the range of forecasts published by the …

  • Business News

    Britain’s BT wants help providing broadband to poor households

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    LONDON (Reuters) – BT said it needed to work with its competitors and the government on a long-term solution for providing broadband for low-income households, adding it was not sustainable …

  • Business News

    Biden says his administration is engaged in talks to avert railroad strike

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Nandita Bose NANTUCKET, Mass. (Reuters) -President Joe Biden said on Thursday that his administration was involved in negotiations to avert a looming U.S. railroad strike that could shut down …

  • Business News

    Mobile operator Veon to sell Russian business for $2.2 billion

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Alexander Marrow and Supantha Mukherjee MOSCOW (Reuters) -Amsterdam-listed mobile operator Veon said on Thursday it would sell its Russian business, Vimpelcom, to senior members of the Vimpelcom management team, …

  • Business News

    U.S. President Biden says Russian oil price cap in play

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    NANTUCKET, Mass. (Reuters) -U.S. President Joe Biden said on Thursday that price caps on Russian oil being proposed under the Group of Seven nations (G7) scheme were in play, adding …

  • Business News

    Factbox-Strikes, protests in Europe over cost of living and pay

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    (Reuters) – European countries face strikes and protests due to high energy prices and a wider rise in living costs. Here are details of some of the industrial action and …

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