By Noele Illien and John Revill BERN (Reuters) -A Swiss parliamentary investigation into the role played by state institutions in the collapse and emergency rescue of Credit Suisse will take 12 to 15[...]
Read more
Europe
Explainer-How big oil won the bidding for German offshore wind sites
By Vera Eckert and Susanna Twidale FRANKFURT/LONDON (Reuters) – Energy majors BP and TotalEnergies have won a 7 gigawatt (GW) offshore wind site auction in Germany worth a record 12.6 billion eu[...]
Read more
European shares rise as tech leads gains on Fed rate optimism
By Matteo Allievi and Shreyashi Sanyal (Reuters) -European shares closed higher on Thursday led by technology stocks, as hopes grew that the Federal Reserve’s post-pandemic tightening cycle was[...]
Read more
Sensodyne toothpaste-maker Haleon planning job cuts – The Guardian
(Reuters) -Haleon, the world’s biggest standalone consumer health business, is planning to cut hundreds of roles in the UK and worldwide, the Guardian reported on Thursday. The company behind th[...]
Read more
Dollar nosedives as US producer price inflation eases in June
By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) – The dollar slumped to its lowest since April 2022 on Thursday, as cooling U.S. inflation bolstered expectations that the[...]
Read more
EM portfolios see $22 billion foreign inflow in June -IIF
NEW YORK (Reuters) – Foreigners funneled over $22 billion net into emerging market portfolios in June, the largest amount since January, and China posted its sixth consecutive month of outflows[...]
Read more
Cinepolis exec Eduardo Acuna to become Cineworld CEO
(Reuters) – Cineworld Group said on Thursday Eduardo Acuna, who runs the Americas operations of Mexican theatre operator Cinepolis, will become its CEO when the company emerges from bankruptcy p[...]
Read more
Alibaba’s Ele.me platform signs wages, safety contracts as tech crackdown ends – media
BEIJING (Reuters) – Alibaba’s Ele.me on Thursday became China’s first delivery platform to sign collective contracts on wages and labour safety with its staff, official media reporte[...]
Read more
Mitsubishi’s China JV to cut staff costs after SUV sales dive
BEIJING/SHANGHAI (Reuters) – Mitsubishi Motors’ joint venture with China’s Guangzhou Automobile Group (GAC) on Thursday said it would cut staff costs to try to revive its fortunes af[...]
Read more