(Adds Buzzfeed) (Reuters) – U.S. companies, from tech majors to consumer firms, are bracing for a potential economic downturn by…
BuzzFeed to cut workforce by 12%
(Reuters) -BuzzFeed Inc will cut about 12% of its workforce to rein in costs, the online media company said on…
Germany’s Scholz confident will get solution to U.S. Inflation Reduction Act
TIRANA (Reuters) – German Chancellor Olaf Scholz expressed confidence on Tuesday that the European Union and United States would resolve…
Kuwait central bank raises discount rate by half percentage point – statement
CAIRO (Reuters) – The central bank of Kuwait raised its discount rate by 0.50% from 3% to 3.50% effective Dec.…
TAP cabin staff to strike on Dec. 8-9, plan more walkouts until end-Jan
LISBON (Reuters) – Cabin staff at Portugal’s flag carrier TAP will go on strike on Thursday and Friday to demand…
Michelin to cut fewer jobs to protect production
PARIS (Reuters) – Michelin will cut fewer jobs in France than the 2,300 estimated in its initial voluntary redundancy plan…
Paramount Global projects fourth-quarter advertising revenue will decline from third quarter
By Helen Coster (Reuters) – Paramount Global expects its fourth-quarter advertising revenue to be lower than its third quarter advertising…
Citadel celebrates banner year at Disney as Wall Street nurses losses
By Svea Herbst-Bayliss NEW YORK (Reuters) -For much of Wall Street, trading this year has been like riding a wild…
Kroger receives FTC request for additional information on Albertsons deal
(Reuters) – Kroger Co said on Tuesday it received a request for additional information from the U.S. Federal Trade Commission…
Turkish exporters’ head says FX rate should better reflect inflation
By Ceyda Caglayan ISTANBUL (Reuters) – The Turkish lira’s sudden stability after a roller-coaster year, despite annual inflation near 85%,…