By Indradip Ghosh BENGALURU (Reuters) – The U.S. economy is heading into a short and shallow recession over the coming…
Cash use slips to just 15% of British purchases in 2021
By David Milliken LONDON (Reuters) – British shoppers used cash in only 15% of transactions in 2021, half the level…
U.S. SEC issues new guidance on disclosing crypto risks
By Chris Prentice (Reuters) -The U.S. securities regulator on Thursday advised public companies to examine whether they need to disclose…
Walmart plans to offer BNPL loans through its fintech venture – report
(Reuters) – The fintech venture backed by Walmart Inc is planning to launch buy now, pay later loans as soon…
Lululemon sees downbeat quarter as inflation-hit consumers turn cautious
By Ananya Mariam Rajesh (Reuters) -Lululemon Athletica Inc on Thursday forecast holiday-quarter revenue and profit largely below analysts’ estimates, as…
Britain to lay out financial reforms to ‘turbocharge’ growth
By Huw Jones LONDON (Reuters) – Britain will set out reforms on Friday to ease bank capital rules, one of…
New York Fed taps insurance exec for new second in command
By Michael S. Derby NEW YORK (Reuters) – The New York Federal Reserve has tapped an insurance industry executive as…
China’s COVID easing seen knocking growth early next year before recovery kicks in
By Ellen Zhang, Liangping Gao and Carolina Mandl BEIJING/NEW YORK (Reuters) -China’s shift from tough COVID policies, with its promise…
Canada police suspends contract with China-linked company
OTTAWA (Reuters) – The Royal Canadian Mounted Police (RCMP) has suspended a communications equipment contract that was awarded to a…
TSX dips for fifth day as energy shares drag
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index closed slightly lower on Thursday as a drop in oil…