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Uber Eats in focus as inflation-hit consumers rethink ordering in
By Nivedita Balu (Reuters) - The food-delivery business that kept Uber Technologies' earnings afloat during the peak of the pandemic is expected to show signs of strain in second-quarter results due o...
Syndicated Content Aug 01, 2022
Exclusive-Siemens Gamesa weighs around 2,500 job cuts – sources
By Isla Binnie and Christoph Steitz MADRID/FRANKFURT (Reuters) - Wind turbine maker Siemens Gamesa is considering cutting around 2,500 jobs, or about 9% of its total, to recover from losses that have ...
Syndicated Content Aug 01, 2022
U.S. SEC charges 11 individuals in $300 million crypto pyramid scheme
By Kanishka Singh WASHINGTON (Reuters) - The Securities and Exchange Commission said on Monday it charged 11 people for their roles in creating and promoting a fraudulent crypto pyramid and Ponzi sche...
Syndicated Content Aug 01, 2022
Global thematic funds see big outflows as growth stocks falter
By Patturaja Murugaboopathy (Reuters) - Global thematic funds are facing heavy outflows this year as investors' fascination fade with such assets, most of which are closely correlated with economic gr...
Syndicated Content Aug 01, 2022
Estee Lauder in talks to acquire Tom Ford brand – WSJ
(Reuters) - Cosmetics maker Estee Lauder Cos Inc is in talks to acquire luxury brand Tom Ford in what could be a $3 billion deal, the Wall Street Journal reported on Monday, citing people familiar wit...
Syndicated Content Aug 01, 2022
Britain says global sustainability disclosures need phasing in
By Huw Jones LONDON (Reuters) - Proposed global sustainability disclosure rules need simplifying and phasing in to avoid fragmenting how companies report on the impact of climate change on their busin...
Syndicated Content Aug 01, 2022
Trump-targeted Republican blasts Democrats for subsidizing his challenger
By David Morgan WASHINGTON (Reuters) - U.S. Representative Peter Meijer, a Michigan Republican targeted by Donald Trump for voting to impeach the former president in 2021, accused Democrats on Monday ...
Syndicated Content Aug 01, 2022
Texas power use to break records again this week – ERCOT
(Reuters) - Power use in Texas will break records again this week as homes and businesses crank up their air conditioners to escape another heatwave, the state's power grid operator projected on Monda...
Syndicated Content Aug 01, 2022
Factbox: Recession fears creep into corporate America as growth slows
(Reuters) - Several U.S. companies are expecting an economic downturn by the end of 2023, prompting their top executives to make recession a key topic of discussion during quarterly earnings calls. In...
Syndicated Content Aug 01, 2022
Russian central bank says economic downturn to deepen in Q3
MOSCOW (Reuters) - Russia's economic contraction will deepen in the third quarter of 2022, while its strong current account surplus, the key driver of the rouble's recent rebound, will shrink in the s...
Syndicated Content Aug 01, 2022
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