Category Archives:
UBS looks to axe 30% of staff and keep Credit Suisse’s domestic business – source
(Reuters) - UBS is weighing cutting tens of thousands of jobs following its emergency takeover of Credit Suisse, as the Swiss bank leans towards keeping the domestic operations of its fallen rival, ac...
Jun 28, 2023
Nike’s 2024 pressured by weak North American demand, inventory glut
By Ananya Mariam Rajesh (Reuters) - Nike is expected to forecast full-year profit below Wall Street estimates, as demand for the sportswear giant's products from wholesalers such as Foot Locker and Hi...
Jun 28, 2023
General Mills forecasts dour profit as price hikes slow demand
(Reuters) - General Mills on Wednesday forecast full-year profit that came in largely below analysts' estimates as the Cheerios cereal maker battles with slow demand for its ready-to-eat cereals, snac...
Jun 28, 2023
‘Call of Duty’ maker invests in Barcelona after EU approves Microsoft deal
By Paul Sandle LONDON (Reuters) - Activision Blizzard said its studio that developed "Call of Duty" would set up shop in Barcelona, putting into action its pledge to invest in Europe after Brussels ap...
Jun 28, 2023
Businesses criticise new EU data rules, consumer group sees missed opportunity
By Foo Yun Chee BRUSSELS (Reuters) - Businesses and Big Tech on Wednesday criticised European Union data rules agreed between EU countries and lawmakers, saying they could hinder data flow and contrac...
Jun 28, 2023
Over half of Americans have faced online hate, survey finds
By Kanishka Singh WASHINGTON (Reuters) - Over half of Americans surveyed in the last year reported facing online harassment and hate during their lifetime, including more than 75% of transgender respo...
Jun 28, 2023
Oracle adds generative AI to its human resources software
By Stephen Nellis (Reuters) - Oracle Corp on Wednesday said it is adding generative artificial intelligence features to its human resources software for businesses, aiming to help draft job descriptio...
Jun 28, 2023
Former Marine due in New York court for indictment in Jordan Neely killing
NEW YORK (Reuters) - The former U.S. Marine sergeant accused of fatally strangling Jordan Neely, a homeless man, in a chokehold in a New York City subway car last month is due in court on Wednesday to...
Jun 28, 2023
Boeing says about 90% of its China 737 MAX fleet have resumed commercial operation
BEIJING (Reuters) - About 90% of Boeing's China 737 MAX fleet have resumed commercial operation as of the end of June, the U.S. aircraft maker said on its official WeChat account on Wednesday. Some pl...
Jun 28, 2023
EU proposes payments sector shake-up, legal backing for digital euro
By Huw Jones LONDON (Reuters) - The European Union on Wednesday proposed injecting more competition into the payments sector, giving legal backing to a digital euro, and preserving the role of cash as...
Jun 28, 2023
Peoria, IL, USA
35 °F Sunny
