Category Archives:
Venture capital firm Kleiner Perkins raises $1.8 billion via two new funds
(Reuters) - Venture capital firm Kleiner Perkins said on Tuesday it had raised $1.8 billion through two new funds, joining a clutch of companies raising capital amid soaring valuations of tech startup...
Jan 11, 2022
Omicron dents Albertsons’ supply-chain recovery
(Reuters) - U.S. grocer Albertsons Cos Inc said on Tuesday the Omicron coronavirus variant had put a dent on the recovery of its supply chain, and expects the issues to remain for a longer duration. A...
Jan 11, 2022
French refurbished smartphone seller Back Market valued at $5.7 billion
PARIS (Reuters) - Back Market, the French marketplace dedicated to refurbished smartphones and electronic devices, said on Tuesday it had closed an investment round of $510 million, bringing its total...
Jan 11, 2022
Poland to launch fresh tax cuts in anti-inflation drive
WARSAW (Reuters) - Poland will cut value added tax on gas, food and petrol as part of a second package of measures to soften the blow from surging inflation, the prime minister said on Tuesday. Rapid ...
Jan 11, 2022
Bank of America to reduce overdraft fees this spring
By Elizabeth Dilts Marshall NEW YORK (Reuters) - Bank of America, the second-largest U.S. bank, is reducing overdraft fees from $35 to $10 starting in May, the bank said in a news release on Tuesday. ...
Jan 11, 2022
Abbott Labs CEO expects strong COVID-19 testing demand in near term
(Reuters) - Abbott Laboratories Chief Executive Officer Robert Ford said on Tuesday demand for COVID-19 testing has surged globally and that sales of its tests should stay strong in the near term. "We...
Jan 11, 2022
Shipping group Maersk expects cargo delays to persist
COPENHAGEN (Reuters) - Top container shipping firm A.P. Moller-Maersk on Tuesday warned its customers it was still struggling to move goods around the world as the easing of congestion is taking longe...
Jan 11, 2022
Fed’s Mester would back March rate hike to fight inflation
By Jonnelle Marte (Reuters) -The Federal Reserve may need to raise interest rates at least three times this year and begin running down its balance sheet to respond to a tight labor market and inflati...
Jan 11, 2022
Chicago schools to reopen after teachers agree to end COVID-19 walkout
By Brendan O'Brien CHICAGO (Reuters) - Chicago Public School teachers returned to their schools on Tuesday after reaching an agreement on COVID-19 safeguards with the district, ending a walkout that c...
Jan 11, 2022
World Bank demands faster G20 debt relief as poor nations squeezed
By Karin Strohecker LONDON (Reuters) - Poorer developing nations are likely to need faster G20 debt relief, the World Bank said on Tuesday, as an increasing number face being squeezed by rising indebt...
Jan 11, 2022
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