Category Archives:
How sanctions complicated day-to-day banking for Russians
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) - Financial sanctions against Russia have strangled its banks' profits and wrecked many lenders' international operations, but one year after...
Syndicated Content Feb 17, 2023
TikTok planning 2 more data centers in Europe amid data security concerns
By Foo Yun Chee BRUSSELS (Reuters) - Chinese social media company TikTok plans to open two more data centers in Europe, a senior executive said on Friday, a move that could mitigate concerns over the ...
Syndicated Content Feb 17, 2023
Analysis-What recession? Strong economy buoys U.S. stocks, though Fed casts shadow
By David Randall NEW YORK (Reuters) - Signs of strength in the U.S. economy have buoyed stocks in the face of rising Treasury yields and hawkish Federal Reserve expectations, though some investors bel...
Syndicated Content Feb 17, 2023
Air France-KLM reports robust bookings for 2023, forecasts higher margins
By Joanna Plucinska LONDON (Reuters) - Air France KLM said on Friday 2023 bookings were almost back to 2019 levels as the airline forecast higher margins in the medium term amidst an ongoing travel re...
Syndicated Content Feb 17, 2023
New York’s JFK Airport terminal to remain shut after power outage
(Reuters) - A terminal in New York City's John F. Kennedy International Airport will remain closed on Friday due to electrical issues, affecting inbound and outbound flights, the airport said in a twe...
Syndicated Content Feb 16, 2023
VR firm Pico, owned by Chinese TikTok maker ByteDance, announces ‘small’ layoffs
By Josh Ye HONG KONG (Reuters) - Pico, a virtual reality (VR) headset manufacturer owned by TikTok's Chinese developer ByteDance, said on Friday it was laying off a small number of people, after local...
Syndicated Content Feb 16, 2023
Marketmind: When doves cry
A look at the day ahead in European and global markets from Ankur Banerjee Investors are feeling the heat as sticky inflation and a tight labour market revive good ol' fears of the Fed staying hawkish...
Syndicated Content Feb 16, 2023
Musk shuts two Twitter India offices, Bloomberg News reports
(Reuters) - Twitter Inc has closed two of its three offices in India, Bloomberg News reported on Friday, citing people familiar with the matter. The social media company shut down offices in New Delhi...
Syndicated Content Feb 16, 2023
China takes top spot in global refining capacity but output lags U.S.
BEIJING (Reuters) - China's oil refining capacity overtook the United States as the world's largest in 2022, an industry official said on Thursday, though its production of fuel products lagged the Un...
Syndicated Content Feb 16, 2023
China’s Lenovo Q3 revenue tumbles 24% as PC demand slumps
By Josh Ye HONG KONG (Reuters) - China's Lenovo Group Ltd reported a 24% revenue decline for the third quarter, its second consecutive decline as global demand for computers and smartphones continued ...
Syndicated Content Feb 16, 2023
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