By Sinead Cruise and Iain Withers LONDON (Reuters) -HSBC is reviewing whether to keep its global headquarters in London’s Canary Wharf, a staff memo seen by Reuters on Thursday showed, a decision which could see the bank swap the financial hub for a ne…
Swiss airline pilots march on HQ to press contract demands
KLOTEN, Switzerland (Reuters) – More than 300 pilots marched on Swiss International Air Lines headquarters near to Zurich airport on Thursday to press their contract demands ahead of a possible walkout next month. Pilots at Swiss, a unit of Deutsche Lu…
Nationalist divisions dim hopes for change after Bosnia’s election
By Dado Ruvic Daria Sito-Sucic ZENICA/GRADISKA, Bosnia (Reuters) – Divisive nationalism has dominated campaigning for Bosnia’s presidential and parliamentary elections on Oct. 2, suggesting reformists keen to modernise a dysfunctional economy and impro…
North Korea fired two ballistic missiles off east coast, South says
By Joori Roh SEOUL (Reuters) -North Korea fired two ballistic missiles off its east coast on Thursday, South Korea’s military said, following the firing of two short-range ballistic missiles a day earlier and one on Sunday. “South Korean military detec…
UK banks and insurers told to step up help for struggling customers
By Huw Jones LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) told banks and insurers on Thursday to do more to help customers struggling with a cost of living crisis as it investigates 40 banks for dragging their feet. Interest rates are…
Volkswagen faces Israeli emissions class action suit after court ruling
JERUSALEM (Reuters) – Volkswagen faces a class action suit in Israel after a court ruled in favour of petitioners seeking compensation from the German carmaker over diesel emissions cheating. A Tel Aviv district court ruled that the class action suit w…
Investors switch into Porsche AG from Volkswagen on debut day
MILAN (Reuters) – Shares in Porsche AG rose sharply above their initial public offering (IPO) price on their market debut in Frankfurt on Thursday as investors dumped shares in controlling investors Volkswagen and Porsche Holding. A Swiss-based equity …
JP Morgan Swiss head Bossart moves to Rothschild & Co
By Oliver Hirt ZURICH (Reuters) – U.S. investment bank JP Morgan’s head of Switzerland, Nick Bossart, is moving to Rothschild & Co to lead its Swiss advisory business for mergers and capital market transactions, two people familiar with the situation t…
Chinese snap up used Rolexes, Birkins to satisfy luxury cravings amid slowdown
By Casey Hall SHANGHAI (Reuters) – China’s coronavirus-driven economic slowdown is proving to be a boon for Zhu Tainiqi, the Shanghai-based founder of second-hand luxury goods marketplace ZZER, who is now scouting for shop space to expand the business….
Spain’s 12-month inflation slows down to 9.0% in September from 10.5%
(Reuters) – Spain’s consumer prices rose 9.0% year-on-year in September, down from 10.5% in the previous month, preliminary data from the National Statistics Institute (INE) showed on Thursday. The reading was the lowest since May and lower than the 10…