(Reuters) -Starbucks said on Thursday it had elected economist Dambisa Moyo and Marissa Mayer, CEO of an AI startup, to its board, effective June 25. These appointments come as the coffee giant doubles down on its “Back to Starbucks” strategy, a push to revitalize customer experience and partner engagement while leveraging digital tools. The company, …
By William Schomberg and Sachin Ravikumar LONDON (Reuters) -Britain’s statistics office will split its leadership and invest more money as part of a push to fix problems with its economic data that have hampered the Bank of England and exasperated private economists. After a string of shortcomings with core figures from the Office for National …
Struggling UK stats office to split leadership, focus on core data Read More »
By Jonathan Stempel NEW YORK (Reuters) -Barclays and former Chief Executive Jes Staley must face a lawsuit in Los Angeles claiming they defrauded shareholders about Staley’s close ties to the disgraced late financier Jeffrey Epstein. U.S. District Judge Maame Ewusi-Mensah Frimpong ruled on Wednesday that holders of Barclays’ American Depositary Receipts plausibly alleged the defendants …
Barclays, ex-CEO Staley must face US shareholder lawsuit over Jeffrey Epstein ties Read More »
MADRID (Reuters) -A Spanish court on Thursday ordered a temporary halt to a fine slapped by the government on two budget airlines, including Ryanair, for practices such as charging for larger cabin bags, which according to the consumer ministry violated customer rights. The airlines have appealed the decision, and the court said it was impossible …
Spanish court suspends fines for two airlines over cabin bag fees Read More »
MILAN (Reuters) -Union representatives at the Italian arm of France’s Amundi, Europe’s biggest asset manager, said on Thursday they had reached an accord with the company over layoffs. The accord to cut 50 jobs in Italy entails incentives for early retirement and voluntary exits as well as reassignments within Amundi or its parent Credit Agricole …
Amundi’s Italian unit reaches accord with unions over layoffs, unions say Read More »
(Refiles to delete extraneous Reuters Instrument Code) By Hannah Lang (Reuters) -Crypto exchange Kraken on Thursday launched a peer-to-peer payments app that enables users to send and receive funds – in both cryptocurrency and fiat currency – across more than a hundred countries. The move is a bid to expand Kraken’s offerings beyond its digital …
Crypto exchange Kraken debuts peer-to-peer payments app Krak Read More »
By Sukriti Gupta, Sanchayaita Roy and Pranav Kashyap (Reuters) -European stocks seesawed throughout Thursday before closing largely flat, as investors weighed the latest signals on the U.S. interest rate trajectory. The pan-European STOXX 600 index closed up 0.09% at 537.48 points. Other regional indexes also followed suit with similar moves, with only Germany’s DAX up …
European stocks muted as investors gauge US interest rate outlook Read More »
MADRID (Reuters) -Spanish construction company Acciona said on Thursday it had found no evidence of irregularities in public works contracts at the centre of a corruption investigation that has rocked the ruling Socialist party. The case relates to a former employee who left Acciona in 2021 and who contracted Servinabar 2000 – a company being …
Acciona finds no irregularities in contracts mentioned in Spanish graft probe Read More »
By Elizabeth Pineau PARIS (Reuters) -French Prime Minister Francois Bayrou said on Thursday he would submit legislation on pensions in the autumn to take into account agreements made in talks between unions and employers during months of talks. Bayrou said unions and employers’ federations had agreed during four months of negotiations that the pension system …
French prime minister says he will introduce legislation on pensions after talks Read More »
MILAN (Reuters) -Italian spirits group Campari has agreed to sell its historic Cinzano vermouth and its Frattina grappa brands to domestic rival Caffo Group 1915 for 100 million euros ($117 million), it said on Thursday. Founded in 1757, Cinzano, consumed mainly as an aperitif, was bought by Campari in 1999, while Frattina is a more …
Italy’s Campari to sell Cinzano and Frattina brands for $117 million Read More »
