business

Big Business Scales Back ‘Diversity’ Initiatives As Legal Pressure Mounts Jake Smith on December 24, 2023 A number of major corporations and firms backtracked from Diversity, Equity and Inclusion (DEI) …

MOSCOW (Reuters) – Russia was short of around 4.8 million workers in 2023 and the problem will remain acute in 2024, the Izvestia newspaper reported on Sunday, citing experts and …

(Reuters) – Apple has opened negotiations in recent weeks with major news and publishing organizations, seeking permission to use their material in the company’s development of generative artificial intelligence systems, …

NORFOLK, VA – The Norfolk community is grieving the loss of James Carter, a revered mentor, father figure, and long-standing pillar of the Lindenwood neighborhood. Mr. Carter, who devoted decades …

LONDON (Reuters) – Global investors put a record $1.3 trillion into cash in 2023, according to a report from Bank of America and data provider EPFR on Friday. They also …

(Reuters) – Spain’s gross domestic product growth slowed down slightly in the third quarter, though it showed more resilience than in neighboring countries, final data showed on Friday. The economy …

By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -The Japanese government’s reform push for the country’s $5 trillion asset management industry has sparked a series of action plans from top …

By Emilio Parodi MILAN (Reuters) – An Italian tax claim against Facebook parent Meta has been escalated to the EU Commission’s VAT committee for evaluation, three sources with direct knowledge …

BEIJING (Reuters) – China’s steel demand in 2023 will decline by 3.3% from 2022 and contract a further 1.7% in 2024, a state researcher forecast on Friday, weighed down by …

By Leika Kihara TOKYO (Reuters) -Bank of Japan board members were divided on how to communicate a tweak to yield curve control, with some showing tolerance for explaining the move …

(Reuters) – The world’s largest asset management firm BlackRock held partnership talks with U.S.-based private equity firm Warburg Pincus nearly two years ago, the Financial Times reported on Thursday citing …

(Reuters) – High-speed freight transportation company Hyperloop One will shut down, having failed to win any contract to build a working hyperloop, Bloomberg News reported on Thursday citing people familiar …

(Reuters) -Apple customer service teams were informed in a company memo this week that it will no longer replace out-of-warranty models going back to Apple Watch Series 6, Bloomberg News …

By Amina Niasse NEW YORK (Reuters) – Mortgage rates fell to a six-month low this week to the lowest figure since June, indicating relief has come to prospective buyers on …

(Reuters) – U.S. new-vehicle sales are expected to rise about 13% in December from a year earlier, driven by strong discounts and vehicle availability, industry consultants J.D. Power and GlobalData …

(Reuters) -South Korea’s financial watchdog has recommended imposing a fine of at least 10 billion won ($7.67 million) each on HSBC Holdings and BNP Paribas for naked short selling, Bloomberg …

(Reuters) -Apple is ramping up production of the Vision Pro mixed-reality headset, setting the stage for a launch by February, Bloomberg News reported on Wednesday citing people with knowledge of …

(Reuters) – U.S. lender Citigroup is closing its global distressed-debt business as part of CEO Jane Fraser’s overhaul, CNBC reported on Wednesday citing people with direct knowledge of the matter. …

(Reuters) – Lender Morgan Stanley is discussing allocating a portion of its balance sheet into a new private credit fund that would include capital from external investors, Bloomberg News reported …

(Reuters) – General Motors said on Wednesday a fire at its Factory Zero Detroit-Hamtramck was likely caused by a forklift accidentally puncturing a container with battery materials, according to the …

(Reuters) – U.S. companies borrowing rate remained flat in November compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Wednesday. Companies signed up for …

By Patrick Werr CAIRO (Reuters) -Egypt’s sovereign wealth fund has signed an $800 million deal to sell a stake in seven prominent hotels to Egypt’s Talaat Moustafa Group (TMG) in …

KYIV (Reuters) – The vast majority of Ukrainians would not support the sacking of Valeriy Zaluzhnyi from his position as head of the armed forces, a poll conducted by the …