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By Christian Kraemer BERLIN (Reuters) – IMF chief Kristalina Georgieva said on Wednesday she expects new Prime Minister Rishi Sunak to steer Britain towards fiscal sustainability and said he was right to warn the public of difficult decisions ahead. Speaking to Reuters in Berlin, Georgieva welcomed what she said was Sunak’s clarity and constructive attitude …

IMF chief expects UK PM Sunak’s government to stick to fiscal discipline Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. Justice Department said on Tuesday it had reached an agreement with Alphabet Inc’s Google resolving a dispute with the search engine giant over the loss of data responsive to a 2016 search warrant. The government said it was a “first-of-its-kind resolution” that would result in Google reforming “its …

Google agrees to compliance reforms to prevent search warrant data loss Read More »

FRANKFURT (Reuters) – Bank lending to euro zone companies accelerated further in September, extending the sector’s biggest borrowing binge in over a decade, despite rising interest rates and a looming recession, European Central Bank data showed on Wednesday. Lending to businesses in the 19-country euro area expanded by 8.9% in September, its fastest pace since …

Euro zone credit growth rises again, despite gloomy outlook Read More »

By Jesús Aguado MADRID (Reuters) – Higher loan loss provisions in some of Santander’s key markets, such as Brazil and the United States, and a rise in costs overshadowed better than expected third-quarter earnings at the Spanish bank, knocking its shares on Wednesday. Strong profitability in the Americas still helped the bank, the euro zone’s …

Santander’s higher provisions and costs overshadow Q3 beat Read More »

By Lisa Baertlein LOS ANGELES (Reuters) – United Parcel Service’s first outsider chief executive is zeroing in on lucrative healthcare business and package-tracking technology as she tweaks the world’s biggest delivery firm’s strategy to navigate a cooling global economy. CEO Carol Tomé took the helm in June 2020 as UPS was grappling with a surge …

First outsider CEO at UPS charts new course for delivery giant Read More »

(Reuters) – Canada’s competition watchdog said on Monday it would examine factors impacting soaring food prices and whether more competition in the grocery stores sector could help lower costs for Canadians. Price rises for store-bought food have been outpacing the broader annual inflation rate for 10 consecutive months, and grew 11.4% in September, the fastest …

Canadian watchdog to study impact of competition on soaring food prices Read More »

By Tiyashi Datta and Jane Lanhee Lee (Reuters) -Microsoft Corp posted its slowest quarterly revenue growth in five years on Tuesday as the tough macroeconomic conditions hit PC sales and slowed cloud growth, which had supercharged the earnings for years. The company reported revenue of $50.12 billion for its fiscal first quarter, up 11% year-on-year, …

Tougher than expected PC market hits Microsoft Windows; cloud growth slows Read More »

By Alden Bentley (Reuters) – War. Inflation. Polarization. Appalling headlines ricochet around the internet, stocks are skidding, wealth is eroding and the mood on Wall Street has rarely been gloomier. While some opportunists thrive in adversity, experts say that for many investors it takes a toll on mental health. Relatively new fields in psychology and …

The bear market blues: a diagnosis for our times Read More »

(Reuters) – James Gunn and Peter Safran will be co-heads of Warner Bros Discovery’s DC studios, home to superheroes such as Wonder Woman and Superman, the company said on Tuesday. Both Gunn and Safran have experience with the superhero genre and have brought heroes from the Marvel Cinematic Universe and DC Universe to hit films …

James Gunn, Peter Safran to be co-CEOs of Warner Bros Discovery’s DC studios Read More »