Category Archives:
Italy working on levy on banks to fund family relief -source
By Giuseppe Fonte ROME (Reuters) - Italy is working on imposing a "solidarity" levy on its banks to fund relief measures for families hit by the cost of living crisis, a source familiar with the matte...
Apr 27, 2023
Cabbies can’t sue NYC over Uber, Lyft impact on license values
By Daniel Wiessner (Reuters) - New York's top state court on Thursday threw out claims by yellow cab operators that New York City diminished the value of their taxi licenses by failing to rein in app-...
Apr 27, 2023
US appeals court rejects bid by states to revive antitrust lawsuit against Facebook
WASHINGTON (Reuters) -A U.S. appeals court on Thursday refused to revive a lawsuit filed by states against Meta's Facebook that alleged the company had broken antitrust law. Dozens of states led by Ne...
Apr 27, 2023
Dropbox to cut workforce by 16%, hire new talent for AI-powered products
(Reuters) - Cloud storage provider Dropbox Inc said on Thursday it would reduce its global workforce by 16% to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offering...
Apr 27, 2023
Japan’s Honda, GS Yuasa to invest $3 billion for battery development, build plant -Nikkei
TOKYO (Reuters) - Japanese automaker Honda Motor Co Ltd and battery maker GS Yuasa Corp will invest over 400 billion yen ($2.99 billion) and team up to produce batteries for electric vehicles (EVs) an...
Apr 27, 2023
Belgium’s only cryptocurrency platform suspends activities
By Marine Strauss BRUSSELS (Reuters) -The first and only Belgian cryptocurrency lending platform, Bit4You, said it was suspending its activities after CoinLoan, one of its main service providers, was ...
Apr 27, 2023
Stellantis’ Tavares: no intention of starting a price war with Tesla
PARIS (Reuters) - Car maker Stellantis has no intention of starting a price war with Tesla, its CEO Carlos Tavares said on Thursday. If the entire electric vehicle market were to experience lower pric...
Apr 27, 2023
U.S. Postal Service shrinks forecast losses as hikes prices
By David Shepardson WASHINGTON (Reuters) -The U.S. Postal Service said on Thursday it has cut projected losses through 2031 by more than half after winning financial relief from Congress, instituting ...
Apr 27, 2023
US pending home sales slump unexpectedly in March
(Reuters) - Contracts to buy U.S. previously owned homes tumbled unexpectedly in March to snap a three-month rebound, raising a caution flag about what had appeared to be a nascent recovery in a housi...
Apr 27, 2023
Russian rouble steadies on eve of central bank rate decision
By Alexander Marrow (Reuters) - The rouble steadied on Thursday, with the market looking ahead to Friday's interest rate decision, as favourable month-end tax payments propped the Russian currency up ...
Apr 27, 2023
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