Business News

By Manya Saini (Reuters) – PayPal Holdings Inc said on Tuesday it is planning to cut 7% of its workforce, or about 2,000 employees, the latest in a list of …

By David Lawder WASHINGTON (Reuters) – The United States on Tuesday said it was seeking a second trade dispute settlement panel over Canada’s dairy import quotas, charging that Canada was …

By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday, giving up earlier gains, after data showed U.S. labor costs increased less than expected in the fourth quarter, …

By Daniel Wiessner (Reuters) – Amazon.com Inc illegally threatened to withhold raises and benefits from workers at two New York City warehouses if they voted to unionize, a judge with …

By Bhanvi Satija and Michael Erman (Reuters) – Pfizer Inc on Tuesday forecast a bigger-than-expected drop in sales of its COVID-19 vaccine and treatment for 2023, intensifying investor concerns over …

By Dietrich Knauth NEW YORK(Reuters) – Bankrupt crypto exchange FTX sued crypto lender Voyager Digital on Monday, seeking to claw back $445.8 million in loan repayments that FTX made before …

(Reuters) – A Russian court on Tuesday fined streaming service Twitch 4 million roubles ($57,000) for failing to remove what it said were “fakes” about Russia’s military campaign in Ukraine, …

By Daniel Wiessner (Reuters) – Apple Inc maintains workplace policies that unlawfully discourage employees from discussing working conditions, a U.S. labor agency has found. The National Labor Relations Board will …

By Jonathan Stempel NEW YORK (Reuters) – Elon Musk asked a U.S. judge to throw out a lawsuit claiming that his delayed disclosure of a large stake in Twitter Inc …

By Karen Freifeld, Alexandra Alper and Stephen Nellis (Reuters) – The Biden administration has stopped approving licenses for U.S. companies to export most items to China’s Huawei, according to three …

By Arunima Kumar and Laura Alviz (Reuters) -Marathon Petroleum Corp on Tuesday beat Wall Street expectations for quarterly profit as its margins soared amid tight supplies and high demand for …

NEW YORK (Reuters) -Demand for U.S. crude and petroleum products rose 178,000 barrels per day (bpd) in November to 20.59 million bpd, the highest since August, the U.S. Energy Information …

By Bianca Flowers and Joseph White CHICAGO/DETROIT (Reuters) -The companies that produce goods at the heart of the U.S. consumer economy – SUVs, washing machines, heavy equipment and hamburgers – …

By Diego Oré MEXICO CITY (Reuters) – Electric carmaker Tesla Inc is considering setting up an assembly plant near a new Mexico City airport, which would serve as an export …

By Balazs Koranyi FRANKFURT (Reuters) -The euro zone eked out growth in the final three months of 2022, managing to avoid a recession even as sky-high energy costs, waning confidence …

By Lisa Baertlein and Shivansh Tiwary (Reuters) -United Parcel Service Inc on Tuesday said it would shelter 2023 profits from expected revenue declines as decades-high inflation, rising interest rates and …

By Valentina Za MILAN (Reuters) – UniCredit on Tuesday galvanised investors by pledging to return 5.25 billion euros ($5.69 billion) from its 2022 earnings after posting a record quarterly profit, …

SAO PAULO (Reuters) -Stellantis NV expects to have in place by the end of this year the technologies needed for it to develop ethanol hybrid vehicles in Brazil, the head …

BERLIN (Reuters) -Volkswagen is looking at setting up a battery cell factory in Ontario, Germany’s Handelsblatt business daily reported on Tuesday, adding the Canadian province had offered investments and other …

BRASILIA (Reuters) – Brazil’s net creation of formal jobs fell 26.6% in 2022 from the previous year, Labor Ministry figures showed on Tuesday, but it still showed a strongly positive …

By Hilary Russ and Ananya Mariam Rajesh (Reuters) -Higher menu prices and customer visits boosted McDonald’s Corp quarterly profit and sales above Wall Street estimates on Tuesday, but shares fell …

By Laila Bassam, Maya Gebeily and Timour Azhari BEIRUT (Reuters) -Lebanon will adopt a new official exchange rate of 15,000 pounds per U.S. dollar on Feb. 1, central bank governor …

By Tim Hepher and Michel Rose PARIS (Reuters) – Airbus and Qatar Airways are edging towards an agreement to settle a bitter dispute over grounded A350 jets, two people familiar …

By Richa Naidu LONDON (Reuters) -Incoming Unilever CEO Hein Schumacher gets seasick, according to his former boss at food group Heinz, but that never stopped him joining executive sailing trips …