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By Jonathan Stempel NEW YORK (Reuters) -A former Deutsche Bank AG trader whose conviction for rigging the Libor rate benchmark was overturned has begun a $30 million legal action in New York accusing the German bank of malicious prosecution for making him a scapegoat. Gavin Black, who worked on the bank’s money market and derivatives …

Exonerated Deutsche Bank trader accuses bank of ‘malicious prosecution’ Read More »

(Reuters) -Spotify Technology SA’s music streaming platform suffered a brief outage on Thursday, leaving tens of thousands of users unable to access the platform before services appeared to come back online. “Everything’s looking much better now,” Spotify Status, an account that provides updates about the platform’s status, said in a tweet. In the second such …

Spotify back up after second outage in two weeks Read More »

PARIS (Reuters) – French carmaker Renault is offering workers to increase its 2023 budget for salaries by 7.5% in 2023 to help cope with the rising cost of living, three sources familiar with the company’s proposal said on Thursday. The budget increase would equate to a net salary increase of 110 euros per month for …

Renault offers workers 7.5% salary budget raise in 2023 -sources Read More »

By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -Morgan Stanley has imposed financial penalties on employees who used messaging platforms such as WhatsApp for company business, according to two sources familiar with the situation. The penalties ranged from several thousand dollars for some staff to more than $1 million for others. The amounts were …

Morgan Stanley penalizes employees as much as $1 million for WhatsApp breaches – source Read More »

LONDON (Reuters) -British finance minister Jeremy Hunt said it will be necessary to maintain the disciplined approach of his November budget to help reduce inflation, Prime Minister Rishi Sunak’s office said following a Cabinet meeting on Thursday. Hunt announced a string of tax increases and tighter public spending in a budget plan in November. He …

UK’s Hunt: ‘Necessary to retain disciplined approach’ to reduce inflation Read More »

PARIS (Reuters) – French food group Danone on Thursday said it will explore strategic options, including a potential sale, for its organic dairy activity in the United States, comprised of the Horizon Organic and Wallaby businesses. “This announcement is an additional step in the portfolio review and asset rotation program the company announced in March …

Danone reviewing strategic options for organic dairy activity in U.S Read More »

MILAN (Reuters) – Italian eyewear group Safilo on Thursday narrowly beat its full-year 2022 revenue guidance, posting a 4.2% rise at constant exchange rates thanks to the positive performance of its own brands as well as of its licensed business. The maker of frames for Hugo Boss and Tommy Hilfiger said in a statement that …

Italy’s Safilo narrowly beats FY sales guidance with Europe as key driver Read More »

By Jesús Aguado MADRID (Reuters) -Spain’s Sabadell bank handily beat market expectations with its fourth-quarter net profit, helped by higher banking margins, and forecast higher lending income and profitability in 2023, lifting its shares by as much as 8%. While the bank’s net profit of 149 million euros ($162.51 million) came in 7.5% below year …

Sabadell sees 2023 strong lending growth after quarterly profit beat Read More »