FRANKFURT (Reuters) – Tesla is cutting prices of some models in Germany and elsewhere in Europe, the Middle East and Africa, a spokesperson said on Sunday. The move comes as the company unveiled price cuts over the weekend in China and in the United States. In Germany, the carmaker trimmed the price of its Model …
Tesla cuts prices of some models in Germany and Europe Read More »
(Reuters) – Fund manager Redwheel said in a statement on Sunday that it supported Royal-Mail owner IDS’ board decision to unanimously reject a non-binding share bid from EP Group on 11 April. Redwheel, the third-largest shareholder in IDS, said it was in full agreement with the board that EP Group’s offer of 320 pence per …
Redwheel backs Royal Mail owner’s rejection of Kretinsky share offer Read More »
VIENNA (Reuters) -Layoffs under Swiss banking giant UBS’s cost-cutting programme announced after its takeover of Credit Suisse will take place in five waves this year starting in June, newspaper SonntagsZeitung reported on Sunday. UBS declined to comment. In August UBS announced its plan to eliminate around one in 12 of its Swiss jobs and cut …
Five waves of UBS layoffs to start in June, SonntagsZeitung says Read More »
KYIV (Reuters) – Ukraine plans to resume minor amounts of electricity exports on Sunday, but it expects substantial power imports during peak consumption periods, the energy ministry said. The country sharply increased its imports of electricity and halted exports after a series of attacks on its energy system in late March and early April. “No …
Ukraine says it plans to resume small power exports on Sunday Read More »
(Fixes media identifier) By Nora Eckert CHATTANOOGA, Tennessee (Reuters) -The United Auto Workers has made history by winning its first unionization vote at an auto factory in the U.S. South. Now it needs to prove the success wasn’t a fluke by pulling off a second victory at a Mercedes plant in Alabama next month. UAW …
After VW plant victory, UAW sets its sights on Mercedes in Alabama Read More »
By Marcela Ayres WASHINGTON (Reuters) -The Inter-American Development Bank on Saturday said leaders of 10 multilateral development banks committed to take action in five critical areas, including additional lending headroom totaling $300-400 billion over the next decade. The effort comes amid growing calls for these institutions to boost financing under favorable conditions to developing countries, …
Multilateral development banks eye up to $400 billion more lending over 10 years Read More »
ZURICH (Reuters) – Monetary policy should remain focused on price stability, Swiss National Bank Chairman Thomas Jordan said in remarks aired on Saturday. Speaking to national broadcaster SRF, he said economic growth and productivity are too low and many countries are running too much debt and excessive deficits. One of the most pressing challenges is …
Growth is too low but focus must be on price stability – SNB’s Jordan Read More »
WASHINGTON (Reuters) – The steering committee for both International Monetary Fund and the World Bank on Saturday emphasized the need for broader accountability as the institutions implemented reforms to help countries grapple with climate change and other shocks. “We must hold ourselves accountable more broadly as we become a better and bigger bank,” said Mohammed …
IMF, World Bank steering committee stresses accountability as reforms advance Read More »
WARSAW (Reuters) – Poland has signed a 250-million-euro ($266.35 million) agreement with the World Bank to help finance its Clean Air programme, Finance Minister Andrzej Domanski said late on Friday. “With the president of the World Bank, Ajay Banga, we also talked about the challenges facing the global economy and growing inequality in the world,” …
Poland to get $266 million from World Bank for Clean Air program, finance minister says Read More »
OSLO (Reuters) – Norway’s $1.6 trillion sovereign wealth fund, one of the world’s largest investors, said on Saturday it would vote in favour of the reappointment of BP’s current chair to the company’s board of directors. Ahead of its annual meeting on April 25, BP has proposed the reappointment of Chair Helge Lund to the …
Norway wealth fund backs reappointment of BP chair Read More »
