Reuters US Business

By Nichola Saminather TORONTO (Reuters) – Canadian banks may struggle to see an immediate boost to their net interest margins next year even as interest rates tick up due to their outsized reliance on mortgages, particularly if growth in that more profitable business and credit card lending is hindered by supply bottlenecks and surging inflation. …

Analysis-Canadian banks’ outsized reliance on mortgages could slow margin recovery Read More »

WASHINGTON (Reuters) – The head of the U.S. Securities and Exchange Commission (SEC) told an audience of public company executives on Tuesday that its pending climate risk disclosure rules will require companies to detail, measure commitments to mitigating climate change. Gary Gensler added that while many companies have offered public commitments to climate change, he …

U.S. SEC chair Gensler says new climate risk rules will require companies to detail, measure commitments to mitigating climate change Read More »

By Joseph White DETROIT (Reuters) – Ford Motor Co said Tuesday it plans to launch a new subscription software service aimed at small businesses, in collaboration with enterprise software company Salesforce.com Inc. The software service, called VIIZR, will be offered starting next year by the automaker’s Ford Pro commercial vehicle and services unit. Based on …

Ford partners with Salesforce to expand software business Read More »

By Robert Muller and Jason Hovet PRAGUE (Reuters) – The incoming Czech centre-right government has promised a bold start to its term by pledging to re-write the 2022 state budget to slash billions of dollars in spending and cut the deficit. The savings it actually delivers may fall short of the pledge as rising spending …

Analysis-Czech budget rewrite to slash billions a steep test for new government Read More »

(Reuters) – The United States should produce and export more natural gas to tackle climate change, the country’s top producer EQT Corp said in response to U.S. Senator Elizabeth Warren’s recent criticism of the energy sector for spiraling gas prices. “LNG exports have the potential to be the biggest green initiative on the planet,” Chief …

Top producer EQT backs U.S. natural gas exports, calls Warren’s criticism “misguided’ Read More »

By Alexander Marrow and Supantha Mukherjee MOSCOW (Reuters) – Telecoms operator VEON on Tuesday launched a digital ID authentication system that Chief Executive Kaan Terzioglu said could rival those used by U.S. technology giants in simplifying mobile logins without sacrificing privacy. The new tool allows users to log into systems like retail or banking websites …

Veon launches digital ID authentication to rival Big Tech Read More »