By Joey Roulette WASHINGTON (Reuters) – U.S. President Joe Biden’s administration is drafting an executive order intended to streamline approval…
Recession drumbeat gets louder as more U.S. CEOs strike mellow note for 2023
By Medha Singh (Reuters) – Corporate America is starting to feel the chill of a looming recession as top executives…
U.S. producer prices increase; near-term inflation expectations ease
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices rose slightly more than expected in November amid a jump in…
France won’t face power cuts Monday, grid operator says
PARIS (Reuters) – France’s RTE grid operator on Friday said the country would not face any power shortages on Monday…
Penguin Random House CEO to quit after merger blocked
BERLIN (Reuters) -Penguin Random House head Markus Dohle will step down at the end of the year after a U.S.…
Bank of Canada will likely need to hold rates above 4% in 2023 -IMF
OTTAWA (Reuters) – The Bank of Canada will likely need to keep interest rates at or above 4% for most…
Some banks may struggle to pay back ECB loans, says EU watchdog
By Huw Jones LONDON (Reuters) – Some banks in the euro zone could struggle to pay back money borrowed from…
Getir buys fast grocery rival Gorillas in $1.2 billion deal
By Ebru Tuncay and Hakan Ersen ISTANBUL (Reuters) – Turkish delivery company Getir has bought German rival Gorillas in a…
Italy’s Snam to pick offshore site for new LNG terminal in early 2023
MILAN (Reuters) – Itay’s Snam will choose the offshore site for its new floating storage and regasification unit (FSRU) in…
Microsoft gaming ambitions hobbled as U.S. seeks to block Activision deal
By Diane Bartz WASHINGTON (Reuters) -The Biden administration on Thursday moved to block Microsoft’s $69 billion bid to buy “Call…