By Richa Naidu and Toby Sterling LONDON (Reuters) – Supermarket group Ahold Delhaize is turning to renewable energy and lowering the temperature in its stores to help offset soaring gas prices. Energy bosses and government officials throughout Europe have urged people and businesses to reduce power use and put in place contingency plans so they …
Ahold turns to solar panels, lowers thermostats to save energy Read More »
FRANKFURT (Reuters) – Deutsche Bank on Wednesday waded into the financial industry’s criticism of the European Central Bank, with the German lender’s finance chief saying authorities should do more to champion banks. The ECB and other parts of official sector “should be moving to championing the banks to help the economy rather than not,” Chief …
Deutsche Bank joins recent industry criticism of ECB Read More »
(Reuters) – Novavax Inc cut its full-year revenue forecast on Tuesday, hurt by a global supply glut in COVID-19 vaccine and waning demand. The company now expects annual revenue to be about $2 billion, the lower end of its prior forecast range of between $2 billion and $2.3 billion. In August, Novavax halved its full-year …
(Reuters) – Meta Platforms Inc will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday, the Wall Street Journal reported. Zuckerberg appeared downcast in Tuesday’s meeting and said he was accountable for the company’s missteps and his overoptimism about growth had led to overstaffing, the report added, …
Meta will begin laying off employees on Wednesday morning – WSJ Read More »
(Reuters) – Barclays Plc has cut its workforce in corporate and investment banking (CIB), according to a person familiar with the matter, joining rivals who also took similar steps to rein in costs as deals plunged from records set last year. Investment bankers were awash with deals in 2021, but have seen few this year …
Barclays cuts investment banking jobs as deals languish – source Read More »
LONDON (Reuters) -A London Underground workers strike will go ahead this week after talks failed to resolve a contract dispute, one of the United Kingdom’s largest trade unions said on Tuesday, leaving millions of passengers facing disruption. “TfL (Transport for London) have missed a golden opportunity to make progress in these negotiations and avoid strike …
London Underground workers set to strike on Thursday after talks fail Read More »
(Reuters) – Theranos founder Elizabeth Holmes’ request for a new trial was denied by a federal judge in California late on Monday, court documents showed. In January, Holmes, 37, was found guilty of defrauding investors in the blood testing startup, convicting her on four of 11 counts. She was convicted of investor fraud and conspiracy, …
Theranos founder Holmes denied request for new trial, court filings show Read More »
(Reuters) – Netflix Inc is exploring investments in live sports broadcasting and has recently bid for the streaming rights for sports leagues, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The company recently bid for the streaming rights for the ATP tennis tour for some European countries, including France and …
Netflix explores investing in live sports, bids for streaming rights- WSJ Read More »
By Bart H. Meijer AMSTERDAM (Reuters) – New EU budget rules should take into account the need to invest in climate policies and defence when setting the pace for debt reduction, Internal Market Commissioner Thierry Breton said in an interview with Dutch financial daily FD published on Tuesday. Countries that invest more than others in …
Revised EU debt rules should allow for climate, defence investment – Breton Read More »
By Foo Yun Chee LUXEMBOURG (Reuters) -Carmaker Fiat Chrysler on Tuesday won its fight against an EU order to pay 30 million euros ($30 million) in back taxes to Luxembourg, dealing a setback to EU antitrust chief Margrethe Vestager’s crackdown on sweetheart deals between EU countries and multinationals. In her 2015 decision, Vestager said Luxembourg …
Fiat wins fight against $30 million EU tax order Read More »
