(Reuters) -U.S. railroad Union Pacific Chief Executive Officer Lance Fritz said on Sunday he would step down this year to make way for new leadership, after hedge fund Soroban Capital Partners called[...]
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February 26, 2023
Microsoft unveils suite of cloud tools for telecom firms
By Supantha Mukherjee and Martin Coulter BARCELONA (Reuters) – Microsoft has unveiled previews of two AI-powered services designed to manage telecom networks, drawing on the same capabilities us[...]
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Market Mind: Reality bites
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A wave of selling is likely to crash over Asian markets on Monday following a sobering end to the week[...]
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Billionaire Ackman donates $3.25 million for ambulances in Ukraine
By Svea Herbst-Bayliss (Reuters) – Billionaire hedge fund manager Bill Ackman has pledged $3.25 million to help buy more than a dozen ambulances for Ukraine as it defends itself against Russia[...]
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Russia’s Tinkoff bank to suspend trading in euros from Feb 27
(Reuters) – Russian online bank Tinkoff, run by TCS Group Holding, said on Sunday it would suspend trading in euros from Monday following the imposition of a further set of European Union sancti[...]
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Twitter lays off at least 50 in relentless cost cuts, The Information reports
(Reuters) – Elon Musk’s Twitter Inc laid off dozens of employees on Saturday in what is at least the eighth round of job cuts since Musk took over the social network in late October, the I[...]
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French defence group Thales to recruit 12,000 staff as orders boom
PARIS (Reuters) – French defence and technology group Thales plans to hire 12,000 new staff this year as there is strong demand across its product range, CEO Patrice Caine said in an interview w[...]
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With backing from business lobby, Japan PM calls for workers’ pay hikes
TOKYO (Reuters) – Japan must spread the momentum of wage growth across the country to conquer rising inflation as annual labour negotiations wrap up next month, Prime Minister Fumio Kishida said[...]
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Warren Buffett, in annual letter, stays upbeat and preaches patience
By Jonathan Stempel (Reuters) -Billionaire investor Warren Buffett on Saturday signaled he has lost none of his enduring confidence in the U.S. economy and his company Berkshire Hathaway Inc. In his a[...]
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