OAKLAND, Md., April 25, 2022 — While the regular tax filing season ended last Monday, the hard work of tax processing slogs on for the Internal Revenue Service (IRS). The …
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MILAN – Italian luxury group Prada posted strong results in the first four months of the year as its U.S. business offset the impact of suspending operations in Russia and …
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FRANKFURT – The European Union’s forthcoming sanctions on Russia will target banks, in particular Sberbank, as well as oil, the head of the European Commission Ursula von der Leyen told …
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ROME – A plan for Italy’s Generali put forward by a rebel investor would aim to increase the insurer’s debt leverage to near 25% for any worthy operations, the CEO …
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ZURICH – Swiss drugmaker Novartis will cut thousands of jobs worldwide as it combines its pharma and oncology businesses in a reorganisation announced last week, Swiss newspaper Tages-Anzeiger reported on …
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ZURICH – European Central Bank (ECB) policymaker Robert Holzmann told an Austrian newspaper that the bank could send a clear message about fighting inflation by raising interest rates before ending …
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BERLIN – Tesla Inc aims to deliver the first cars from its long-delayed $5 billion gigafactory near Berlin next Tuesday, Handesblatt business daily reported, adding that local German politicians expect …
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‘What The F*ck Are We Doing Here?’: NYT Reporter Secretly Recorded Saying Indoctrinated ‘Woke’ Colleagues Are Ruining The Paper Elliot Dordick on March 9, 2022 A Pulitzer Prize-winning correspondent for …
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Toilet Paper Prices Soar As Companies Shrink The Item Itself Harry Wilmerding on March 9, 2022 The price of toilet paper has soared as producers shrink the since of the …
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MILAN – CNH Industrial does not plan to downsize operations in Italy, the head of the Italian-American vehicle maker was quoted as saying on Thursday. Chief Executive Scott Wine also …
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MILAN – KKR could block any move by Telecom Italia (TIM) to carve out a network company by vetoing a transfer of last-mile landline unit FiberCop, La Stampa reported on …
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ROME – EasyJet would want more slots at Milan’s Linate airport should carrier ITA team up with Germany’s Lufthansa, the chief executive of the British carrier said, indicating the airline’s …
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FRANKFURT – Airbus may make its own engines for its hydrogen fuelled planes, Chief Executive Officer Guillaume Faury told a German newspaper in an interview published on Saturday. The planemaker …
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MEXICO CITY – AT&T’s top executive in Mexico has urged the government to place limits on its telecom rival America Movil and keep it out of new markets to ensure …
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BERLIN – Germany will host the main finance meeting of its presidency of the Group of Seven economic powers from May 18-20, the Rheinische Post newspaper reported on Wednesday. “This …
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VIENNA – There is “a great deal of uncertainty” over how long inflation will remain well above the European Central Bank’s target of around 2%, ECB Governing Council member Robert …
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ZURICH – Credit Suisse Chairman Antonio Horta-Osorio is likely to be rebuked by the bank’s board after an internal investigation found he breached COVID-19 rules a second time, Tages-Anzeiger newspaper …
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HELSINKI – Some 3,000 workers at Finnish forestry group UPM went on strike on Saturday, shutting plants, the company said on Saturday. Three unions representing paper workers, managerial staff and …
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ZURICH – Novartis’s potential sale of its Sandoz generic drug business is attracting interest from possible buyers, Chief Executive Vas Narasimhan said in an interview to be published on Friday. …
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MADRID – Private equity giant Blackstone is planning a public listing of Spanish gambling company Cirsa next year in a deal that could be valued at up to 3 billion …
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ZURICH – The chairperson of Switzerland’s financial watchdog has called for more power to punish wayward bankers after a string of scandals tarnished the sector’s international reputation. Marlene Amstad, head …
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MILAN – U.S. fund KKR’s proposal to buy Telecom Italia (TIM) includes a letter of commitment by JPMorgan to support the 45 billion euros ($51 billion) financing needed for the …
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MUMBAI – India is likely to bar the use of cryptocurrencies for transactions or making payments, but allow them to be held as assets like gold, shares or bonds, the …
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With the COVID-19 pandemic, we’ve all come to put toilet paper in higher regards than before. We stock it, we buy it bulk and many people now hoard it, but …
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By Foo Yun Chee BRUSSELS – Draft landmark EU rules requiring U.S. tech giants to share information with rivals could put at risk companies’ intellectual property and trade secrets, the …