Business
ECB to zero in on soured loans this year as economy slows
FRANKFURT (Reuters) -European Central Bank supervisors will zero in on bad loans this year after finding that some euro zone banks had…
Business
Centene warns of hit to fast-growing Medicare Advantage business next year
By Raghav Mahobe and Nandhini Srinivasan (Reuters) -Centene Corp on Tuesday said profit at its fast-growing Medicare Advantage (MA) business will take…
Business
Ebay to lay off 500 employees
(Reuters) – E-commerce firm eBay Inc said on Tuesday it will lay off 500 employees globally, representing 4% of its total workforce.…
Business
Florida state court system, US, EU universities hit by ransomware outbreak
By James Pearson and Raphael Satter LONDON/WASHINGTON (Reuters) -A global ransomware outbreak has scrambled servers belonging to Florida’s Supreme Court and several…
Business
Australia hikes rates, but pause from big central banks is near
LONDON(Reuters) – Australia was the latest major central bank to raise rates and on Tuesday hinted at further hikes, even as most…
Business
Carlsberg warns price hikes may hit beer sales in 2023
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Danish brewer Carlsberg warned on Tuesday that a possible slowdown of beer consumption in Europe because of…
Business
Bed Bath & Beyond moves to raise $1 billion as bankruptcy clouds loom
(Reuters) -Bed Bath & Beyond Inc said on Monday it was planning to raise some $1 billion through an offering of preferred…
Business
Carlyle names former Goldman executive Schwartz as CEO
By Chibuike Oguh (Reuters) -Carlyle Group Inc on Monday appointed former Goldman Sachs Inc executive Harvey Schwartz as its chief executive officer,…
Business
Nissan to buy up to 15% stake in Renault EV unit under reshaped alliance
By Gilles Guillaume and Nick Carey LONDON (Reuters) -Nissan and Renault on Monday unveiled details of their redesigned alliance, with the Japanese…
Business
Meta can be sued in Kenya by ex-content moderator, the country’s court rules
NAIROBI (Reuters) – A labour court in Kenya ruled on Monday that Meta, the parent company of Facebook, can be sued in…