Business News

(Reuters) – Facebook parent Meta Platforms Inc has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday. …

BOGOTA (Reuters) – Low-cost Colombian airline Viva Air has voluntarily started a local debt restructuring process, the company said late on Friday, as it awaits authorization of its merger with …

ROME (Reuters) -The European Central Bank (ECB) must avoid pushing real interest rates too high, given the level of private and public debt in the euro area, a top Italian …

ZURICH (Reuters) – Nestle will pay a former manager 2 million Swiss francs ($2.2 million) compensation after a Swiss court upheld her claim of bullying while working at the company, …

By Ariba Shahid KARACHI (Reuters) – Pakistan and the International Monetary Fund are to resume talks online next week they said on Friday, after ten days of face-to-face discussions in …

By Nikunj Ohri (Reuters) – The Group of 20 (G20) big economies is exploring whether the group could collectively regulate cryptocurrencies, Finance Minister Nirmala Sitharaman said on Saturday. Given the …

SHANGHAI (Reuters) – China on Saturday tightened risk management requirements on banks, requiring them to classify financial-asset risks in a timely and prudent manner, in a bid to better assess …

By Sabrina Valle HOUSTON (Reuters) – U.S. oil major Chevron Corp on Friday said it had agreed to sell its assets in Myanmar to Canadian company MTI, in a deal …

By Karen Freifeld and Alexandra Alper WASHINGTON (Reuters) -The Biden administration plans to outright ban investments in some Chinese technology companies and increase scrutiny of others, three sources said, part …

By Brendan O’Boyle (Reuters) – Risks over El Salvador’s embrace of bitcoin “have not materialized,” but use of the cryptocurrency still requires transparency and attention, the International Monetary Fund (IMF) …

By Carolina Mandl (Reuters) – The Nasdaq ended lower on Friday as megacap growth stocks came under pressure after Treasury yields pointed to higher interest rates and shares of ride-hailing …

By David Lawder WASHINGTON (Reuters) – U.S. chief agricultural trade negotiator Doug McKalip wants China to keep striving to meet U.S. farm goods purchase commitments under the 2020 “Phase 1” …

By David French, Anirban Sen and Milana Vinn NEW YORK (Reuters) – Banking and payments conglomerate Fidelity National Information Services Inc is making preparations to break up, undoing a $43 …

BERLIN (Reuters) – The boss of Google’s search engine warned against the pitfalls of artificial intelligence in chatbots in a newspaper interview published on Saturday, as Google parent company Alphabet …

By David Shepardson WASHINGTON (Reuters) -A group representing major U.S. airlines “strongly urged” the Federal Aviation Administration (FAA) to extend a proposed deadline to June 2024 to retrofit airplane altimeters …

(Reuters) -Bed Bath & Beyond’s Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to stave off …

(Reuters) – Bed Bath & Beyond Inc has managed to stay afloat for now after raising cash to fund its operations. The company, which was on the verge of filing …

By Jonathan Stempel (Reuters) -A U.S. judge on Friday dismissed a lawsuit accusing Robinhood Markets Inc of misleading investors about the online brokerage’s financials and growth prospects when conducting its …

By Jarrett Renshaw and Hyunjoo Jin (Reuters) -Tesla CEO Elon Musk has often talked about opening his Supercharging network to competitors, but has never actually done so in the United …

By David Shepardson (Reuters) -Ford Motor Co is set to announce as soon as Monday it plans to build a $3.5 billion lithium iron phosphate battery plant in Michigan, sources …

By David Shepardson WASHINGTON (Reuters) – The National Transportation Safety Board (NTSB) said Friday it had issued subpoenas to the flight crew of an American Airlines plane involved in a …

By Dawn Chmielewski (Reuters) -Florida lawmakers on Friday granted Governor Ron DeSantis effective control of the board that oversees development in and around Walt Disney Co’s central Florida theme parks, …

By Herbert Lash NEW YORK/LONDON (Reuters) -The dollar firmed and global equity markets fell on Friday as rising interest rates unsettled investors amid a growing chorus of central bank officials …

By Jonathan Stempel NEW YORK (Reuters) – Martin Shkreli on Friday urged a U.S. judge not to hold him in civil contempt for failing to provide federal and state regulators …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Chinese inflation on Friday grabs the data spotlight in Asia at the end …