(Reuters) -Meta Platforms Inc said on Thursday its flagship social network Facebook is introducing ways for users to maintain up to five profiles, a major shift from the “real name” requirement the company has maintained since its inception. The product change would “help people tailor their experience based on interests and relationships,” like posting different …
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By Noor Zainab Hussain and David Henry (Reuters) -JPMorgan Chase & Co’s Jamie Dimon struck a cautious note on the global economy as America’s largest bank reported a worse-than-expected 28% fall in quarterly profit and suspended share buybacks in the face of growing risks of a recession. The chief executive also stressed the need to …
JPMorgan suspends buybacks, warns on global economy as profit slumps Read More »
By Kate Abnett BRUSSELS (Reuters) – European Union countries are considering alternatives to an EU plan to use a carbon market reserve to help finance their exit from Russian gas, as some fear the proposal would undermine the bloc’s main climate change policy. The European Commission published plans in May to end the EU’s reliance …
EU countries consider options to avoid carbon market fundraising plan Read More »
By Alexander Cornwell and Paul Sandle DUBAI/LONDON (Reuters) -Emirates airline said on Thursday it had rejected demands by London’s Heathrow Airport to cut capacity despite being threatened with legal action, and intended to continue operating its six daily flights to Britain’s busiest airport. Heathrow this week asked airlines to stop selling some tickets for summer …
In face-off with London Heathrow, Emirates airline says it won’t cut capacity Read More »
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) -British stocks fell on Thursday as investors worried about the prospect of a more aggressive stance by major central banks to curb inflation, with a slew of worrying forecasts from companies and weak commodity prices also hurting sentiment. The blue-chip FTSE 100 slid 1.6%, while the domestically …
UK stocks slide over 1% on U.S. inflation scare, weak earnings Read More »
BENGALURU (Reuters) -Poundland and Dealz owner Pepco Group on Thursday posted a 17.1% rise in third-quarter revenue as cash-strapped shoppers fuelled demand at its expanding chains of discount stores. Revenue rose to 1.21 billion euros ($1.21 billion) on a constant-currency basis in the three months ended June 30, with like-for-like sales gaining 4.9%. The company …
Pepco revenue rises as inflation-hit shoppers lean on discount stores Read More »
(Reuters) – The three-month Euribor interbank borrowing rate rose above 0% for the first time since 2015 on Thursday as financial markets price an end to negative rates in the euro zone. Euribor rates are crucial benchmarks as all sorts of euro zone financial products, from interest rates swaps, savings accounts to mortgages, are priced …
Three-month Euribor rises above 0% for first time since 2015 Read More »
LONDON (Reuters) – A committee in Britain’s parliament has told payment firms Visa and Mastercard to justify recent rises in their card transaction fees after the country’s payments regulator expressed concerns. The Payment Systems Regulator (PSR) told the Treasury Committee last week that the increases in card fees showed the market was “not working well”, …
UK lawmakers tell Visa and Mastercard to justify fee rises Read More »
By Kate Abnett BRUSSELS (Reuters) – Software Volkswagen AG (VOWG_p.DE) used to alter car emissions at certain temperatures constituted an illegal defeat device, the EU’s top court ruled on Thursday. The Court of Justice of the European Union’s (CJEU) ruling is the latest step in a series of cases following the German carmaker’s 2015 admission …
EU’s top court says VW car emissions defeat devices were illegal Read More »
LONDON (Reuters) – DXC Technology’s UK pension scheme EDS 1994 has agreed a 1.1 billion pound ($1.3 billion) insurance deal with Pension Insurance Corporation, PIC said on Thursday. The buy-in deal covers all of the scheme’s 5,300 members, PIC said in a statement. Defined benefit, or final salary, pension schemes are increasingly looking for insurance, …
DXC UK pension scheme agrees $1.3 billion insurance deal with PIC Read More »
