Factbox-Companies sell their businesses in Russia

Reuters | August 25, 2023

(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they take action to comply with sanctions over the Ukraine conflict and respond to threats from the Kremlin that foreign-owned assets may be seized. Below are some of the companies by sector that have secured […]

Dollar gains after steep losses, but downtrend stays intact

Reuters | July 14, 2023

By Gertrude Chavez-Dreyfuss and Joice Alves NEW YORK/LONDON (Reuters) – The U.S. dollar bounced on Friday after falling sharply the last few days, as investors consolidated losses ahead of the weekend, but its trajectory remained tilted to the downside with the Federal Reserve thought near the end of its rate hike cycle amid softening inflation. […]

US stocks slip, crude gains on Russia tensions, rate hike worries

Reuters | June 26, 2023

By Stephen Culp NEW YORK (Reuters) – Wall Street lost ground on Monday and crude prices advanced as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy. All three major U.S. stock indexes ended red, with megacap momentum stocks pulling the tech-heavy […]

Italian EV startup Aehra unveils new premium sedan

Reuters | June 16, 2023

By Giulio Piovaccari MILAN (Reuters) – Italian electric-vehicle startup Aehra on Friday unveiled its new, European-made sedan which will serve the high-premium market segment and which joins the firm’s sport-utility vehicle which was first displayed late last year. Both models will start production in 2026, Aehra said. They will be priced in the 160,000 to […]

JPMorgan settles with Jeffrey Epstein victims for $290 million

Reuters | June 12, 2023

By Nupur Anand, Lananh Nguyen, Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase agreed to pay about $290 million to settle a class action lawsuit by Jeffrey Epstein’s victims, resolving a large part of litigation over the bank’s relationship with the disgraced financier. Monday’s settlement follows months of embarrassing disclosures that JPMorgan ignored […]

Swiss government says it has reached agreement with UBS on loss guarantees

Reuters | June 9, 2023

ZURICH (Reuters) – The Swiss government has signed an agreement with UBS to cover up to 9 billion Swiss francs ($10.01 billion) in losses from its emergency takeover of Credit Suisse, the finance ministry said on Friday. “To make the takeover possible, the government granted UBS a guarantee for any losses incurred in the liquidation […]

EU’s Breton demands Meta act against online content targeting children

Reuters | June 8, 2023

By Foo Yun Chee BRUSSELS (Reuters) -EU industry chief Thierry Breton will meet Meta Platforms Chief Executive Mark Zuckerberg on June 23 and demand that he act immediately to tackle content targeting children, as Meta’s voluntary child protection code seemed not to be working. Social media platforms such as Meta’s Instagram, ByteDance’s TikTok, Snap’s Snapchat […]

Marketmind: Debt deal is near, Fed peak is not

Reuters | May 26, 2023

A look at the day ahead in U.S. and global markets from Mike Dolan As the AI-led tech stock boom unfolds, there’s light at the end of the U.S. debt ceiling saga – only markets now reckon the Federal Reserve will tighten policy even further this summer. Investors juggled these three strands over the past […]

Fair access to proper housing can boost economic growth – report

Reuters | May 15, 2023

By Marine Strauss BRUSSELS (Reuters) – Providing equitable access to appropriate housing in slums and other informal settlements could massively increase economic growth and boost life expectancy, a report to be published on Tuesday by home-building charity Habitat for Humanity shows. Proper housing could increase economic growth by up to 10.5%, while life expectancy could […]

As sales decline, Adidas faces pressure to find Yeezy fix

Reuters | May 5, 2023

By Helen Reid LONDON (Reuters) – Adidas is set to update investors on Friday about the unsold Yeezy shoes that have put the German sportswear giant in a predicament since it cut ties with Kanye West over his anti-Semitic comments late last year. Executives are expected to tackle the issue when the company reports first-quarter […]

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