Financial News

ROME – Italy’s government will bring forward urgent measures to remedy problems with subsidies offered for energy efficiency and anti-earthquake work on buildings, Industry Minister Giancarlo Giorgetti said on Thursday. …

By Paul Lienert – Ford Motor and Geely Automobile’s Volvo Cars will join battery recycling startup Redwood Materials in developing processes, starting in California, to collect end-of-life batteries from electric …

By Diane Bartz WASHINGTON -A group representing publishers such as News Corp and National Public Radio wrote to leaders of the Senate Judiciary Committee on Thursday to back two bills …

By Tim Hepher PARIS -Airbus marked a turning point in its pandemic recovery with its first dividend in two years and higher profits from businesses including defence and space as …

By Daina Beth Solomon MEXICO CITY -Two years after workers at Mexico’s Tridonex auto-parts plant began a campaign to replace a union that they accused of failing to push for …

By Tim Hepher PARIS -Airbus hopes to reach an amicable solution in a row with Qatar Airways over damage to the surface of A350 passenger jets, Chief Executive Guillaume Faury …

FRANKFURT -The ultra-low inflation seen in the euro zone until recently are unlikely to return even after the pandemic is over, the European Central Bank’s chief economist Philip Lane said, …

By Ross Kerber BOSTON – At the risk of being dropped from Texas pension funds, BlackRock Inc has ramped up its message that the world’s largest asset manager is a …

BRUSSELS – The European Union is imposing tariffs on imports of steel fasteners from China on the basis that they are being sold at artificially low prices, the EU official …

By Supantha Mukherjee STOCKHOLM -Ericsson informed the U.S. Department of Justice (DoJ) about an internal investigation into payments in Iraq when it signed a Deferred Prosecution Agreement (DPA) in 2019 …

NEW YORK – Bank of America Chief Executive Officer Brian Moynihan said the bank’s capital markets business “is down” so far in 2022, even as the investment bank continues to …

By Joel Schectman and Christopher Bing WASHINGTON -A single activist helped turn the tide against NSO Group, one of the world’s most sophisticated spyware companies now facing a cascade of …

By Saeed Azhar and Lisa Barrington DUBAI – The United Arab Emirates’ plans for a corporate tax risk eroding one of its main attractions as the Gulf’s premier destination for …

FRANKFURT – The European Central Bank does not have to stick to a fixed size or frequency of interest rates hikes as these will depend on inflation, the bank’s chief …

By Jane Lanhee Lee OAKLAND, Calif – Quantum computer software startup Classiq based in Tel-Aviv said on Thursday it raised $33 million from the investment arms of Hewlett Packard Enterprise …

-Wells Fargo & Co on Thursday said the bank’s ultimate goal to reach a 15% return on tangible equity may be more achievable as rates grow, even if a $1.95 …

The National Highway Traffic Safety Administration (NHTSA) is investigating over 400,000 Tesla vehicles for unexpected brake activation following a series of recalls by the electric car company. The investigation stems …

By Chavi Mehta -Palantir Technologies Inc missed quarterly profit estimates and forecast weaker margins on Thursday, as the data analytics software company boosts spending to rebuild its platform and bolster …

-The U.S. Federal Reserve should implement a full percentage point of rate increases over its next three meetings between now and July 1, St. Louis Fed president James Bullard said …

By Medha Singh and Bansari Mayur Kamdar – Shares of DoorDash Inc surged 16.5% on Thursday after the food-delivery company beat estimates for quarterly revenue, a rare bright spot among …

By Joseph White DETROIT – Automakers are adopting new technology and designs for vehicle controls faster than ever, but that does not always make consumers happy, according to a new …

WASHINGTON -Senator Elizabeth Warren, backed by some dozen other U.S. lawmakers, told the Justice Department that a plan to merge chicken producer Sanderson Farms with smaller rival Wayne Farms “raises …

By Michelle Conlin NEW YORK -Private equity firms are increasingly investing in behavioral services for troubled youth, according to a new report released on Thursday by the nonprofit Private Equity …

By Corina Pons and Belén Carreño MADRID – When Spain’s decade-long housing boom spectacularly bust in 2008, some 1.8 million jobs vanished and a nation littered with cranes and building …

ZURICH – Nestle wants to focus on nutrition and metabolism for its health science business rather than building a broad health care portfolio, its chief executive told investors on Thursday. …