By Paul Sandle and John Revill LONDON/ZURICH (Reuters) – Burberry said it was optimistic consumers in China would start spending…
WeWork to cut about 300 global jobs as it pares back presence
(Reuters) -WeWork Inc plans to eliminate about 300 roles across countries, the flexible workspace provider said on Thursday, as part…
Davos 2023: Global trade rethink: ‘race of the big pockets’?
By Mark John DAVOS, Switzerland (Reuters) – The United States pitched its vision of “worker-centric” trade. China promised an “all-round…
ITA-Lufthansa deal sparks further airline merger talk
By Joanna Plucinska and Ilona Wissenbach DUBLIN (Reuters) – German airline Lufthansa’s bid for a minority stake in Italy’s ITA…
U.S. Treasury launches debt limit cash management measures
WASHINGTON (Reuters) – The U.S. Treasury Department on Thursday began using extraordinary cash management measures to continue borrowing under the…
U.S. single-family housing starts rebound in December
WASHINGTON (Reuters) – U.S. single-family homebuilding rebounded in December, but the increase was likely temporary as permits for future construction…
Crypto lender Genesis preparing to file for bankruptcy – Bloomberg News
(Reuters) – Cryptocurrency lender Genesis Global Capital is planning to file for bankruptcy as soon as this week, Bloomberg News…
Strike cuts French power supply, halts refinery shipments
By Forrest Crellin, Benjamin Mallet and America Hernandez PARIS (Reuters) -A nationwide strike against pension reform in France led to…
UniCredit CEO says 2022 shareholder payout could top 2021
MILAN (Reuters) – Italy’s UniCredit may have room to pay out more to shareholders from 2022 earnings than the year…
ECB pushes back against bets on smaller rate hikes
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank pushed back on Thursday against market bets that…