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By Michelle Nichols UNITED NATIONS (Reuters) -United Nations Secretary-General Antonio Guterres on Wednesday slammed the “grotesque greed” of oil and gas companies and their financial backers and urged governments globally to “tax these excessive profits” to support the most vulnerable people. “It is immoral for oil and gas companies to be making record profits from …

U.N. chief urges tax on ‘grotesque greed’ of oil, gas companies Read More »

LONDON (Reuters) – Tax cuts promised by British Conservative leadership frontrunner Liz Truss risk a repeat of the spiralling inflation of the 1970s, former British finance minister Nigel Lawson said on Wednesday, backing her rival for the top job, Rishi Sunak. The question of tax has dominated the campaign to replace Boris Johnson as prime …

Liz Truss’s UK tax plans risk 1970s inflation spiral-former minister Read More »

(Deletes repeated word in paragraph 11) By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) has trimmed its expected profit drop for 2022 to lift its outlook on the back of its second-quarter results, helped by cost cutting and the contribution from the company’s Brazilian subsidiary. TIM has been struggling to stay competitive in its …

Telecom Italia trims expected 2022 core profit drop Read More »

By Praveen Paramasivam (Reuters) -Yum Brands Inc said on Wednesday it would offer new items and promotional deals as it seeks to reverse a slowdown in demand for its pizzas and fried chicken from low-income consumers. Americans are increasingly tightening their belts as household savings drop and prices of gas and everyday essentials rise, hitting …

KFC parent doubles down on deals as consumers cut spending Read More »

By Luc Cohen NEW YORK (Reuters) -A former Coinbase Global Inc product manager and his brother pleaded not guilty on Wednesday to wire fraud charges in what U.S. prosecutors called the first insider trading case involving cryptocurrency. Ishan Wahi, 32, the former product manager, was arrested last month in Seattle on charges he shared confidential …

Coinbase ex-manager pleads not guilty to insider trading charges Read More »

By Andrea Mandala MILANO (Reuters) -Italy’s Banco BPM on Wednesday joined bigger rivals Intesa Sanpaolo and UniCredit in posting a better-than-expected quarterly profit, helped by a surprise rise in net fees and higher interest rates. Italy’s third-largest bank said its net profit for the three months through June was 206 million euros ($209 million), well …

Banco BPM’s profit tops forecast as it weighs insurance offers Read More »