By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence rose to an eight-month high in December as inflation retreated and…
Musk to step down as Twitter CEO once he finds ‘someone foolish’ enough as successor
(Reuters) – Billionaire Elon Musk said on Tuesday he will step down as chief executive of Twitter Inc once he…
Carnival Corp posts smaller loss as it tightens control on costs
(Reuters) -Carnival Corp on Wednesday posted a smaller-than-expected quarterly loss as the cruise operator kept a tight lid on operating…
Hedge fund Citadel expects to return $7 billion in profits to clients – source
By Carolina Mandl (Reuters) – Hedge fund Citadel expects to return about $7 billion in profits to its investors in…
Pace of new climate, sustainable business rules will not let up
By Simon Jessop and Huw Jones LONDON (Reuters) – The past year was the busiest ever for climate and sustainability…
H&M agrees to pay a 500 euro bonus to 4,000 workers in January
MADRID (Reuters) -Swedish fashion retailer H&M will pay a 500 euro ($530) bonus to some 4,000 shop workers in Spain…
Leonardo agrees early retirement, new hirings deal with Italian unions
ROME (Reuters) – Defence and aerospace group Leonardo said on Wednesday it had struck a deal with Italian trade unions…
European shares post best day in nearly 6 weeks as upbeat Nike results lift retailers
By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) -European shares rose on Wednesday, as banks extended gains and upbeat results…
Analysis-Investors count on bonds to rescue battered 60/40 portfolio in 2023
By David Randall NEW YORK (Reuters) – Proponents of the so-called 60-40 portfolio are betting the strategy may soften the…
European Commission clears Germany’s Uniper bailout
PARIS/FRANKFURT (Reuters) -The European Commission said it had approved Germany’s 34.5 billion euro ($36.60 billion) plan to recapitalise German natural…