(Reuters) – EY Australia is considering cutting jobs as part of “workforce adjustments” to reflect challenging market conditions, with some targeted restructuring possible for “particular circumstances” in the near term, the accounting major said on Wednesday. In an emailed response to Reuters, a spokesperson for EY Australia said the firm “started this year expecting a …
LONDON (Reuters) – Up to 160,000 part-time retail jobs in Britain are at risk of being lost over the next three years as a result of higher employer taxes and regulatory changes, the British Retail Consortium (BRC) trade body warned on Wednesday. As the UK economy struggles to grow, the Labour government’s solution was to …
UK retail could shed 160,000 part-time jobs after employer tax increase, says trade body Read More »
By Nick Carey LONDON (Reuters) – British startup Volklec has reached a licensing agreement with China’s Far East Battery (FEB) to use its technology to make batteries for energy storage and electric vehicles, it said on Wednesday. FEB, a unit of Far East Smarter Energy Co, will also provide engineers and other support to help …
UK startup Volklec to make EV batteries with licensed Chinese technology Read More »
By Jonathan Stempel (Reuters) – A federal judge on Tuesday said Meta Platforms must face a lawsuit claiming that the Facebook and Instagram parent prefers to hire foreign workers because it can pay them less than American workers. U.S. Magistrate Judge Laurel Beeler in San Francisco said three U.S. citizens who accused Meta of refusing …
Meta must face lawsuit claiming it prefers cheaper foreign workers Read More »
By Scott Murdoch SYDNEY (Reuters) -Australia’s securities regulator has urged the nation’s stock exchange operator to be more proactive in making it easier and faster for companies to list to revive a flat-lining IPO market. The Australian Securities and Investment Commission (ASIC), in a discussion paper published on Wednesday, said a decline in the number …
Australian regulator urges stock exchange to speed up IPO process Read More »
By Milana Vinn and David French NEW YORK (Reuters) – Cantaloupe is exploring strategic options, including a potential sale or a go-private transaction, four people familiar with the matter said, the latest specialized U.S. payments processor to consider such a move. Malvern, Pennsylvania-based Cantaloupe provides digital payments technology and software to companies providing self-service offerings, …
Exclusive-US payments firm Cantaloupe exploring options including sale, sources say Read More »
(Reuters) – Norway is to provide financing for Ukrainian purchases of its natural gas, Ukraine’s Naftogaz company said on Tuesday, against the background of a rise in Ukrainian imports as the war with Russia batters the country’s energy system. The assistance is part of a 380 million euro ($400 million) aid package, financed through the …
Norway to finance Ukrainian gas purchases, Naftogaz says Read More »
By Allison Lampert MONTREAL (Reuters) – Canada remains a contender for a carbon brakes factory from France’s Safran, the Canadian industry minister said on Tuesday, despite the looming threat of 25% tariffs next week from U.S. President Donald Trump. The jet engine maker has shortlisted France, Canada and the United States as possible factory sites, …
Canada in running for Safran plant despite tariff threat: minister Read More »
MILAN (Reuters) – Italian energy contractor Saipem, which has agreed to merge with Norwegian rival Subsea 7, said on Tuesday it would resume paying a dividend after a four-year break. The group said it would pay 333 million euros ($350 million) in dividends this year. It expects to pay at least another $300 million in …
Italy’s Saipem reinstates dividend ahead of merger with Subsea 7 Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar retreated on Tuesday, extending declines after a soft reading on U.S. consumer confidence and a drop in U.S. yields weighed, while optimism for more spending in Germany helped lift the euro. The greenback extended declines after the Conference Board said its consumer confidence index dropped 7 …
Dollar falls after soft consumer confidence as economic concerns drag Read More »
