By Dietrich Knauth, Tom Hals and Tom Wilson NEW YORK/LONDON (Reuters) – FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, attorneys for the collapsed crypto exchan[...]
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Europe
Gucci’s designer Alessandro Michele is stepping down-source
PARIS (Reuters) – Alessandro Michele, the creative director of Kering’s top fashion brand Gucci, is stepping down from the role, a source with knowledge of the matter said on Wednesday, co[...]
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Italy’s TIM to close offices on Fridays under new work from home policy
MILAN (Reuters) – Telecom Italia (TIM) will keep its offices across Italy closed on Fridays as part of a deal with unions to expand home working, cut energy costs and improve work-life balance f[...]
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Stellantis stores cars in old French airfield amid delivery logjam – sources
By Gilles Guillaume PARIS (Reuters) – Stellantis is using an abandoned airfield in eastern France to store cars that are ready for delivery but cannot be shipped or kept at its Sochaux factory d[...]
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Marketmind: Fearless?
A look at the day ahead in U.S. and global markets from Mike Dolan. As bond markets furiously flag a looming recession, stock markets suddenly seem fearless. Wall St’s so-called ‘fear inde[...]
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Prosus goes on cost-cutting drive, targets profit in 2 years
By Promit Mukherjee and Toby Sterling AMSTERDAM (Reuters) -Technology investor Prosus NV said on Wednesday it would launch a cost cutting drive as it seeks to turn a profit in its core businesses with[...]
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Putin promises further efforts to unblock more Russian fertiliser exports
MOSCOW (Reuters) – President Vladimir Putin said on Wednesday Russian officials would work to unblock Russian fertilisers stuck in European ports and to resume ammonia exports via a pipeline thr[...]
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Russian rouble firms ahead of three OFZ bond auctions
MOSCOW (Reuters) – The Russian rouble strengthened on Wednesday ahead of three OFZ treasury bond auctions by the finance ministry, as the market awaited information on a price cap on Russian oil[...]
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Bundesbank warns banks against ‘careless’ payout pledges as economy cools
By Francesco Canepa and Frank Siebelt FRANKFURT (Reuters) – German banks should avoid making multi-year promises to their shareholders despite bumper profits this year as the outlook for the eco[...]
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