(Reuters) – Goldman Sachs Group Inc will allow its partners and managing directors to take as much time off as they want under a new “flexible vacation” scheme to promote “rest and recharge,” The Telegraph reported on Saturday, citing an internal memo. The Wall Street bank memo said that, as of May 1, there will …
New Goldman Sachs policy gives bosses unlimited days off – The Telegraph Read More »
By Dave Sherwood and Nelson Acosta HAVANA (Reuters) – Cuba´s ailing economy has begun to recover in some sectors after two years of pandemic-induced contraction but soaring global prices for food and fuel require “audacious” measures to tame inflation, economy minister Alejandro Gil told Cuban lawmakers on Saturday. Gil said Cuba saw a 38% increase …
Cuba sees hints of recovery, announces “audacious” measures to tame inflation Read More »
By Saeed Azhar and Kate Holton DUBAI/LONDON (Reuters) -United Arab Emirates-based telecoms company e& has bought a 9.8% stake in Vodafone for $4.4 billion, days after saying it was looking to expand into new markets and related areas such as financial technology. E&, formerly known as Emirates Telecommunications Group, said it had made the investment …
UAE telecoms group e& buys 9.8% stake in Vodafone for $4.4 billion Read More »
LAGOS (Reuters) – Nigeria’s markets regulator has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle ground between an outright ban on crypto assets and their unregulated use. Nigeria’s central bank last year banned banks and financial institutions from dealing in or facilitating transactions in …
Nigeria’s markets regulator publishes rules on crypto assets Read More »
PARIS (Reuters) – A French court has ordered Sanofi to pay more than 400,000 euros ($416,440) in damages to a family whose child suffered from a form of autism caused by its epilepsy drug Valproate, saying the drugmaker failed to inform about known side effects. The link, alongside physical malformation, had also been recognised in …
Sanofi ordered to compensate French family for epilepsy drug side effects Read More »
BERLIN (Reuters) – Germany’s second-largest defence group Thyssenkrupp Marine Systems (TKMS) wants to play a leading role in consolidating the German and European shipyard industry, its new Chief Executive Officer told German newspaper Welt am Sonntag. “If the road to a European giant is still too difficult, a German champion could be formed first,” Oliver …
Thyssenkrupp warship unit eyes German shipyard industry consolidation -Welt am Sonntag Read More »
(Reuters) – The organizer of the Golden Globe awards is exploring strategic options including a takeover offer from interim Chief Executive Todd Boehly, the non-profit organization said on Friday. Boehly’s proposal comes a week after a consortium led by the U.S. business tycoon clinched a $5.2 billion deal to buy Premier League club Chelsea. The …
Golden Globes organizer mulls bid from interim CEO Boehly Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street surged on Friday to end higher, closing the book on a week of wild market gyrations as relief at signs of peaking inflation vied with fears that policy tightening by the Federal Reserve could tilt the economy into recession. Gains were led by a rebound in …
Wall Street rallies, weekly losing streak continues Read More »
(Reuters) – Carvana Co on Friday forecast significant core earnings for 2023, as the online used-car retailer spelled out plans to rein in spending on advertising, expansion and other areas to offset waning demand. Shares of the company, known for its car vending machines, were up 12.9% after the bell. The outlook comes days after …
Used-car retailer Carvana sees significant core earnings for 2023 Read More »
A deluge of data from across major economies comes at a pivotal moment in the debate over whether central banks are jacking up interest rates into a potentially sharp global growth slowdown. And with jittery investors dumping risk assets en masse, what comes next after a crypto-currency rout is also in focus. Here’s your week …
Take Five: Recession talk justified? Follow the data Read More »
