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(Reuters) -Newly appointed Twitter CEO Linda Yaccarino said in a tweet on Saturday that she has been inspired by owner Elon Musk’s vision to create a brighter future and is excited to help to transform the social media platform. It was the first time Yaccarino has spoken publicly since the news broke Thursday that she …

New Twitter CEO says she is excited to help to transform Twitter Read More »

FRANKFURT (Reuters) – European Central Bank interest rate hikes are in their final stretch, ECB Vice President Luis de Guindos told an Italian newspaper, while warning that higher borrowing costs could put stress on banks’ asset quality, even if indicators so far remain healthy. The ECB has raised rates by a combined 375 basis points …

Tighter ECB policy could push up bad debt levels – de Guindos Read More »

(Reuters) -Amazon.com Inc said it has optimized its delivery network coming out of the COVID-19 pandemic, allowing it to increase delivery speeds and lower costs, while also reducing the ecommerce giant’s carbon emissions. The online retailer on Saturday said it has reduced delivery times, reshaped its inventory management system as well as search capabilities to …

Amazon optimizes delivery network for speedier delivery, lower costs Read More »

By Andrea Shalal NIIGATA, Japan (Reuters) – British finance minister Jeremy Hunt said on Saturday it would be “absolutely devastating” if the United States failed to reach agreement to raise its debt ceiling and had its gross domestic product “knocked off track”. Hunt told reporters that Group of Seven (G7) finance chiefs in Japan had …

UK’s Hunt says ‘absolutely devastating’ if US failed to raise debt ceiling Read More »

NEW YORK (Reuters) – The Credit Derivatives Determinations Committee (DC) accepted on Friday to look into a question on whether a “governmental intervention credit event” occurred with respect to Credit Suisse. The DC overlooking Europe will have to determine specifics of the subordination of Credit Suisse’s additional tier-1 (AT1) bonds, according to the DC website. …

CDS committee accepts to hear question on Credit Suisse AT1 bonds Read More »

(Reuters) – The London Metal Exchange (LME) will require warehouse companies to carry out additional checks on stocks of warranted nickel following irregularities earlier this year, Bloomberg News reported on Friday. The tests include using magnets and metal detectors, as well as a “touch inspection” which involves warehouse workers feeling the outside of bags to …

LME to tighten rules for nickel handling by warehouses -Bloomberg News Read More »

DUNKIRK, France (Reuters) – French President Emmanuel Macron said on Friday that Chinese group XTC New Energy Materials plans to set up a joint venture with France’s Orano in the battery sector in the northern French port city of Dunkirk for an expected investment of 1.5 billion euros. Macron made the announcement from Dunkirk, where …

Macron: China’s XTC to invest 1.5 billion euros in JV with France’s Orano in Dunkirk Read More »