PARIS (Reuters) – A Paris judge approved a 10 million euro ($11.27 million) settlement with LVMH on Friday that closes a criminal probe into the luxury group’s role in a spying case involving the former top boss of France’s security services. With the agreement, the world’s largest luxury group and owner of the Louis Vuitton …
Paris judge approves 10 million euro settlement with LVMH in spy case Read More »
PARIS (Reuters) – A Paris judge approved a 10 million euro ($11.27 million) settlement with LVMH on Friday that closes a criminal probe into the luxury group’s role in a spying case involving the former top boss of France’s security services. With the agreement, the world’s largest luxury group and owner of the Louis Vuitton …
Paris judge approves 10 million euro settlement with LVMH in spy case Read More »
ZURICH (Reuters) – Prosecutors in the Swiss canton of St Gallen say they are reviewing a breach of quarantine rules by Credit Suisse Chairman Antonio Horta-Osorio, an offence that could see him fined up to 5000 Swiss francs ($5,420.64). The bank said on Dec. 8 that Horta-Osorio broke the rules during a November trip to …
Swiss prosecutors review Credit Suisse chairman’s quarantine breach Read More »
TORONTO (Reuters) -Canada’s top health official Theresa Tam has warned that COVID-19 cases in the country could rise rapidly in the coming days, due to the community spread of the Omicron variant. Concerns over the highly transmissible variant have spooked investors around the world and prompted companies to delay their return-to-office plans. Here are the …
Factbox-Canadian financial firms to rethink return-to-office amid Omicron concerns Read More »
By Pete Schroeder WASHINGTON (Reuters) – Climate change, the rapid growth of “stablecoins” and financial innovations that led to frenzied trading of GameStop Corp shares early this year are threats to the U.S. financial system that merit closer scrutiny, a Treasury Department-led regulatory panel said on Friday. In its annual report, the Financial Stability Oversight …
U.S. regulators flag climate change, stablecoins as potential systemic risks Read More »
(Reuters) – Canada’s Toronto-Dominion Bank is directing staff who are able to do so, to work from home until further notice, according to a memo on Friday, as concerns over the Omicron coronavirus variant mount globally. The new directive would also apply to all staffers participating in the bank’s voluntary return to office program, the …
Canada’s TD Bank delays office return over Omicron fears Read More »
MILAN (Reuters) – Italian diagnostics firm DiaSorin forecast weaker 2022 sales and a near 60% plunge in COVID-19 revenue, with the rapid rollout of vaccines likely to bring the pandemic under control and crimp demand for tests, sending shares down more than 11%. The health crisis had fuelled rapid growth at DiaSorin’s molecular division, which …
Italy’s DiaSorin sees 60% plunge in COVID-19 revenue next year Read More »
By Ceyda Caglayan and Canan Sevgili ISTANBUL (Reuters) – Restaurants and other businesses in Turkey’s service sector say they will jack up prices next year to cover the cost of a 50% rise in the minimum wage, which President Tayyip Erdogan’s government announced in the face of a fast-moving lira crisis. Officials from sectors that …
Feeding the fire? Turkish restaurants to raise prices to cover wage jump Read More »
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Friday his administration had spoken with one of the country’s top business associations to ask for help persuading companies not to raise prices in the face of high inflation. Mexican inflation in November was 7.37%, the highest level in two decades. The central …
Mexico asks business leaders not to ‘abuse’ prices amid high inflation Read More »
By Gabriel Araujo and Tatiana Bautzer SAO PAULO (Reuters) – Shares in Brazilian food processor BRF SA soared on Friday after it proposed a capital increase through the issuance of 325 million new common shares, potentially raising 6.63 billion reais ($1.17 billion). The move prompted analysts and market players to speculate if minority shareholder Marfrig …
