By Francesco Canepa and Tom Sims FRANKFURT (Reuters) – As banks came under mounting pressure in March, Deutsche Bank used big trades to give its cash buffers a temporary boost, employing a metho[...]
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May 26, 2023
Tear gas taints the air as TotalEnergies AGM rejects climate activist resolution
By Benjamin Mallet and America Hernandez PARIS (Reuters) – TotalEnergies shareholders rejected an activist resolution on Friday urging faster cuts to the oil major’s greenhouse gas emissio[...]
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Pharmacy chain Walgreens Boots Alliance to cut corporate jobs by 10%
(Reuters) – Walgreens Boots Alliance Inc said on Friday it would slash its corporate staff by about 10%, as it streamlines operations and focuses on consumer-facing healthcare businesses. None o[...]
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Russian central bank plays down impact of foreign company exits
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Only five transactions involving foreign companies selling assets in Russia since October have involved payments to non-residents abo[...]
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OpenAI CEO’s threat to quit EU draws lawmaker backlash
By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) -For months, Sam Altman, CEO of Microsoft-backed OpenAI has urged lawmakers around the world to draw up new rules governing the tech[...]
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Canada to launch probe into OpenAI over privacy concerns
(Reuters) – Canadian privacy regulators are launching a joint investigation into ChatGPT-parent OpenAI’s data collection and usage, becoming the latest major government to take a closer lo[...]
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As US credit risk looms, former S&P officials see 2011 downgrade as vindicated
By Pete Schroeder WASHINGTON (Reuters) -As the United States stares at the risk of a credit downgrade, former Standard & Poor’s officials stood firm behind their seminal 2011 call to slash t[...]
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Mexican economy grew for sixth consecutive quarter in Q1
(Reuters) – Mexico’s economy grew for the sixth quarter in a row in the first quarter, data from Latin America’s second-largest economy showed on Friday, with growth in line with mar[...]
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Dollar pares losses after inflation data, set for third week of gains
By Hannah Lang and Iain Withers WASHINGTON/LONDON (Reuters) – The dollar pared losses on Friday after a fresh readout of inflation data and was on track for a third straight weekly gain, as mark[...]
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