By Manya Saini (Reuters) -Bank of New York Mellon Corp is planning to cut around 3% of its workforce this year, a source familiar with the matter told Reuters on Friday, joining a number of Wall Street firms in trimming headcount to cope with turbulent markets. The layoffs, first reported by the Wall Street Journal, …
BNY Mellon to cut 3% of workforce this year – source Read More »
By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve said Friday that it handed back substantially less money to the Treasury last year than it did the year before, amid rising interest expenses tied to its work to lower inflation. The Fed said in a statement its net income last year stood at a …
Fed says surging interest costs cut what it handed back to Treasury in 2022 Read More »
By Kanishka Singh WASHINGTON (Reuters) – Robert Hur, who was named special counsel to investigate whether President Joe Biden had improperly handled sensitive government documents, is a former high-ranking Justice Department official with experience in sensitive leak investigations. Tapped for the role by U.S. Attorney General Merrick Garland on Thursday, Hur was the U.S. attorney …
Who is Robert Hur, special counsel on Biden classified document probe? Read More »
By Angelo Amante and Giuseppe Fonte ROME (Reuters) – A bid from German carrier Lufthansa for ITA Airways could come early next week, three sources familiar with the matter said on Friday, in a crucial step to speeding up the full privatisation of Italy’s state-owned company. The privatisation of ITA, which officially replaced loss-making Alitalia …
Lufthansa seen as ready to bid for ITA Airways stake, sources say Read More »
By Ludwig Burger FRANKFURT (Reuters) -Covestro said it incurred an unexpected net loss of 300 million euros ($324 million) last year, hurt by write-downs on European chemical plants. The German chemicals maker said in a statement on Friday that analysts on average had expected net income of 420 million euros for the year, prompting the …
Covestro reports net loss on write-downs on European plants Read More »
By Mark Trevelyan LONDON (Reuters) – Authorities in Russian-occupied eastern Ukraine have accused a Briton who worked as an international conflict monitor of spying for Ukraine, a Russian news agency said on Friday. State-owned RIA said David Orrells, who worked as a drone operator for the Organisation for Security and Cooperation in Europe (OSCE), was …
Russian proxy in east Ukraine accuses Briton of spying Read More »
By Kate Abnett BRUSSELS (Reuters) -Last year was the world’s joint fifth-warmest on record and the last nine years were the nine warmest since pre-industrial times, putting the 2015 Paris Agreement’s goal to limit global warming to 1.5C in serious jeopardy, U.S. scientists said on Thursday. Last year tied with 2015 as the fifth-warmest year …
Last year tied as world’s fifth-warmest on record, U.S. scientists say Read More »
By Elisa Anzolin MILAN/LONDON (Reuters) – Italian industrial group Euro Group is gearing up for an initial public offering (IPO) on the Milan bourse, in what will be a test for European equity capital markets, three sources close to the matter told Reuters. The company, in which French private equity group Tikehau Capital holds a …
(Reuters) – Tesla Inc has slashed prices of its electric vehicles in the United States and Europe, doubling down on a discount drive it started in Asia as demand slows against the backdrop of a weakening economy. The Elon Musk-led company missed its target in 2022 to grow deliveries by 50% annually and reported that …
Factbox-Tesla cuts prices globally in a bid to spur demand Read More »
Por Kate Abnett BRUSELAS, 13 ene (Reuters) – La Unión Europea ha elaborado planes para exigir a las empresas que respalden con pruebas las afirmaciones ecológicas sobre sus productos, en un intento de luchar contra el “lavado verde” y la publicidad engañosa, según un documento al que tuvo acceso Reuters. El borrador de ley de …
