Reuters | April 21, 2023
By Marc Jones LONDON (Reuters) – Credit Suisse saw investors pull a record 4.6 billion euros ($5.04 billion) out of its funds at the height of the bank’s troubles last month, data published on Friday showed. The data from Morningstar covered the whole of March, when a potential collapse of Credit Suisse saw Switzerland’s financial […]
Reuters | April 18, 2023
LONDON (Reuters) – As the need for climate action intensifies, governments and industries are exploring how to remove carbon dioxide (CO2) from the atmosphere. The U.S. government has offered $3.5 billion in grants to companies that will capture and permanently store the gas using a process known as Direct Air Capture (DAC). Here’s how the […]
Reuters | April 6, 2023
KYIV (Reuters) – Ukraine’s international reserves grew to an 11-year high of $31.9 billion at the start of April thanks to foreign aid, lower demand for hard currency and moderately-sized payments on government debt, the central bank said on Thursday. Ukraine faces an unprecedented budget deficit this year due to high military spending to fight […]
Reuters | April 4, 2023
By Rajesh Kumar Singh CHICAGO (Reuters) – U.S. airlines relied on loyalty programs for revenue during the pandemic, and industry executives and experts said income from them should hold up if the economy slips into a recession. Launched more than four decades ago to build airline brand loyalty, the programs have become a cash-generator for […]
Reuters | March 30, 2023
By Lena Masri (Reuters) -The founders of artificial intelligence company NtechLab said they resigned over disagreements with the company’s management and investors about projects in Russia. One of the founders left Russia in December 2021 while the other left in March 2022, shortly after Russia’s invasion of Ukraine, they said. The two founders’ comments came […]
Reuters | March 29, 2023
(Reuters) -Jamie Dimon, the chief executive of JPMorgan Chase & Co, will be interviewed under oath over the bank’s relationship with late sex offender and former client Jeffrey Epstein, a lawyer involved in the case said on Tuesday. The deposition is expected in early May, according to Brad Edwards, a lawyer representing women who claim […]
Reuters | March 10, 2023
By Victoria Waldersee BERLIN (Reuters) -Daimler Truck said an improving Chinese market, easing chip shortages and a stabilising supply chain would lift its profit this year, adding it will continue to pass on rising costs to customers by increasing prices. But in Europe, the coach market had yet to fully recover from the pandemic’s effect […]
Reuters | March 3, 2023
By Ilona Wissenbach and Joanna Plucinska (Reuters) – Germany’s Lufthansa on Friday delivered an “unprecedented” turnaround as it swung to a 1.51 billion euro profit in 2022 and expects a significant improvement in earnings this year, pushing its shares up to a three-year high as air travel rebounds. Passenger numbers more than doubled and net […]
Reuters | February 27, 2023
By Shreyashi Sanyal (Reuters) – Global equity investors are finding financials-heavy European markets more alluring than their U.S. counterparts packed with expensive technology stocks in their rush for better returns amid growing signs of interest rates staying higher for longer. Banks accounted for nearly 16% of the STOXX 600 index and have benefited from the high-rate […]
Reuters | February 23, 2023
By Joice Alves LONDON (Reuters) – Europe’s banks, which enjoyed a stellar fourth-quarter that yielded a surge in earnings growth to 15-year highs, are still looking cheap and could have more room to rally. Economic data hasn’t been as bad as many had feared. The euro zone is expected to stagnate rather than contract, while […]
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