Category Archives:
U.S. dollar ‘true’ peak still a couple of quarters away -Goldman
NEW YORK (Reuters) - Investors anxious to determine when the dollar should hit its peak may have to wait a few more quarters, Goldman Sachs said in a research note on Friday. Based on historical cycle...
Nov 18, 2022
Italy court rejects Google’s appeal against watchdog fine, accepts Apple’s one
MILAN (Reuters) - An Italian administrative court on Friday rejected an appeal by Alphabet's Google against a decision by Italy's antitrust authority to fine the group, but accepted iPhone maker Apple...
Nov 18, 2022
Mercedes Benz to pay $5.5 million to resolve Arizona diesel advertising lawsuit
WASHINGTON (Reuters) - German automaker Mercedes Benz and auto supplier Robert Bosch LLC agreed to pay about $6 million to resolve Arizona's lawsuit over diesel advertising claims, the state said on F...
Nov 18, 2022
Aerospace suppliers flag cash flow warning as jet production hits turbulence
By Abhijith Ganapavaram (Reuters) - Aerospace suppliers are staring at the prospect of dwindling cash flow as they struggle with excess inventory due to production challenges at top planemakers Boeing...
Nov 18, 2022
U.S. urges jury to convict Oath Keepers for plotting to block peaceful transfer of power
By Sarah N. Lynch WASHINGTON (Reuters) - A federal prosecutor on Friday urged a Washington jury to convict far-right Oath Keepers founder Stewart Rhodes and four of his associates for plotting to use ...
Nov 18, 2022
COP27 host Egypt aims to share climate finance model
By Aidan Lewis and Simon Jessop SHARM EL-SHEIKH, Egypt (Reuters) - COP27 host Egypt has secured nearly $10 billion in funding in ways it hopes can provide a template for other developing nations to ob...
Nov 18, 2022
Blackouts hit Ukraine’s small businesses, and wider economy, hard
By Dan Peleschuk KYIV (Reuters) - Oleksii Revutskyi rolls his eyes when talking about the challenges Ukrainian businesses have faced lately. "Two years of quarantine, a year of war - bring on the alie...
Nov 18, 2022
Carvana to layoff 1,500 employees – CNBC reporter tweet
(Reuters) - Carvana Co will lay off 1,500, or 8%, of its workforce, a CNBC reporter said in a tweet on Friday. The used-car retailer did not immediately respond to a Reuters request for a comment. (Re...
Nov 18, 2022
IMF cuts Nigeria 2022 growth forecast to 3%
ABUJA (Reuters) -The International Monetary Fund has revised Nigeria's 2022 real GDP growth forecast down to 3% from 3.4% earlier, citing weak oil production and the adverse effects of recent flooding...
Nov 18, 2022
Lufthansa still interested in buying into ITA Airways
BERLIN (Reuters) - Lufthansa is still interested in buying into state-controlled Italian carrier ITA Airways, a spokesman said on Friday, despite reports that its original partner in the mooted deal h...
Nov 18, 2022
Peoria, IL, USA
78 °F Sunny
