By Ananta Agarwal (Reuters) -FedEx is planning to cut between 1,700 and 2,000 back-office jobs in Europe, in its latest push to cut costs as the parcel delivery giant combats a slump in freight demand[...]
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June 13, 2024
Samsung chief Lee discusses cooperation with Meta, Amazon and Qualcomm
SEOUL (Reuters) – Samsung Electronics said on Thursday its chairman met with the heads of Meta, Qualcomm and Amazon this week to discuss cooperation and that topics included artificial intellige[...]
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Shein committed to engage on sustainability, labour when joined UK retail group, BRC CEO says
By James Davey LONDON (Reuters) – Fast-fashion group Shein committed to engage on issues including sustainability and ethical labour policies when it was allowed to join the British Retail Conso[...]
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Exclusive-Temasek to finalise deal with Shell for Pavilion Energy LNG asset sale, sources say
By Florence Tan, Jonathan Saul and Yantoultra Ngui SINGAPORE/LONDON (Reuters) -Singapore’s Temasek Holdings is finalising the sale of some assets from liquefied natural gas (LNG) trading firm Pa[...]
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Factbox-Who is Kimbal Musk, the Tesla director in cowboy hat?
(Reuters) -Tesla shareholders will vote on Thursday on whether to ratify CEO Elon Musk’s $56 billion pay package which was voided by a Delaware judge in January. Musk said late on Wednesday that[...]
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Factbox-Tesla shareholder meeting: How investors are voting on Musk’s $56 billion pay package
(Reuters) -Investors will vote on Tesla CEO Elon Musk’s $56 billion compensation package and the company’s reincorporation in Texas, from Delaware, at a shareholder meeting on Thursday. An[...]
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Analysis-Fed meeting, benign inflation keep soft landing hopes alive
By David Randall and Lewis Krauskopf NEW YORK (Reuters) – Soft landing hopes that have powered U.S. stocks this year received a boost following encouraging inflation data and a nod from the Fede[...]
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Morning Bid: Data is king, Fed its servant
A look at the day ahead in European and global markets from Kevin Buckland The verdict from investors appears to be that benign U.S. inflation trumps the Fed’s rate outlook, clearing the way for[...]
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Vietnam could allow companies to import gold for first time in years, industry official says
By Ashitha Shivaprasad and Brijesh Patel SINGAPORE (Reuters) – (This June 10 story has been officially corrected to fix the source’s quote to remove reference to the timeline from the gove[...]
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