LONDON (Reuters) -Three days of strikes by tens of thousands of British rail workers over the next week have been suspended while “intensive negotiations” are held in a long-running dispute over pay and working conditions, the RMT trade union said on F…
Factbox-Twitter 2.0: What has changed since Musk took over?
(Reuters) – Twitter has cut half of its workforce and will begin charging $8 for the sought-after blue verification tick, as Elon Musk puts his stamp on the social media platform he bought for $44 billion. The Tesla boss, who will also serve as chief e…
Commerzbank to pay 2,000 Euro inflation compensation bonus to workers – Handelsblatt
BERLIN (Reuters) – Commerzbank will pay staff an inflation compensation bonus of up to 2000 euros ($1,985) in December, Handelsblatt reported on Friday, citing an internal memo it had seen, with those on lower salaries set to benefit the most. Personne…
Musk says Twitter saw revenue slump as activist groups pressured advertisers
(Reuters) – Tesla Inc chief Elon Musk said on Friday that Twitter saw a slump in revenue after activist groups pressured advertisers. “Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has cha…
BoE’s Pill says rates need to rise, but not to 5.25%
LONDON (Reuters) – The Bank of England needs to raise interest rates further, but not as high as the 5.25% level which financial markets had priced in before the central bank’s latest rate decision, BoE Chief Economist Huw Pill said on Friday. Pill was…
BoE’s Pill says rates need to rise, but not to 5.25%
LONDON (Reuters) – The Bank of England needs to raise interest rates further, but not as high as the 5.25% level which financial markets had priced in before the central bank’s latest rate decision, BoE Chief Economist Huw Pill said on Friday. Pill was…
G7 agree to coordinate help for Ukraine’s energy sector
MUENSTER, Germany (Reuters) – The Group of Seven wealthiest democracies agreed to coordinate their support for repairing, restoring and defending Ukraine’s critical energy and water infrastructure, G7 foreign ministers said on Friday at the end of a tw…
Global shares rise, U.S. dollar falls after strong jobs data
By Chibuike Oguh NEW YORK (Reuters) -Global shares rose on Friday and the U.S. dollar fell, after jobs data came in stronger than expected but also hinted at some slack in the tight American labor market, raising hopes the Federal Reserve might ease up…
Germany’s Metro in advanced talks over sale of Indian division
DUESSELDORF/BENGALURU (Reuters) – Germany’s Metro is exploring strategic options for its Indian unit and is in advanced discussions over a deal, a group spokesperson said, with analysts reckoning that the division could be valued at 500 million euros (…
Euro zone downturn deepens, points to winter recession
By Jonathan Cable LONDON (Reuters) – The downturn in the euro zone economy has deepened as high inflation and fears of an intensifying energy crisis hit demand, adding to evidence the bloc is heading for a winter recession. A closely-watched survey sho…