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Meta Oversight Board calls for overhaul of controversial ‘cross-check’ system for VIPs

BY Reuters  • December 6, 2022December 6, 2022
By Katie Paul (Reuters) – Meta Platforms’ Oversight Board recommended on Tuesday that the company revamp its system exempting high-profile users from its rules, saying the practice privile[...]
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Business Technology Top News US

Airlines warn of higher fares from green transition

BY Reuters  • December 6, 2022December 6, 2022
By Emma Farge GENEVA (Reuters) – Airline passengers face higher ticket prices as the industry moves towards its target of reducing emissions to net zero by 2050, the head of a global trade assoc[...]
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Business Economy Environment Europe Top News

UK watchdog moots tougher checks on financial marketing

BY Reuters  • December 6, 2022December 6, 2022
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog on Tuesday proposed tougher rules for approving financial promotions after a sharp rise in misleading marketing online. Current[...]
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Business Economy Europe Technology Top News UK

Foreign equity funds pile into Indian financials as credit cycle picks up

BY Reuters  • December 6, 2022December 6, 2022
(Corrects fund manager’s surname in last paragraph) By Anushka Trivedi MUMBAI (Reuters) – Foreign investors are buying into Indian financial firms, lured by the prospects of a fresh credit[...]
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Asia Business Economy Top News Updated

Analysis-Investors look to emerging markets as planets align for end of dollar bull market

BY Reuters  • December 6, 2022December 6, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) – As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal[...]
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Asia Business Central America Economy Europe Latin America Top News UK Updated US

Exclusive-Goldman Sachs on hunt for bargain crypto firms after FTX fiasco

BY Reuters  • December 6, 2022December 6, 2022
By Iain Withers and Lawrence White LONDON (Reuters) – Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit val[...]
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Business Economy Europe Technology Top News UK US

The rise and fall of Wirecard

BY Reuters  • December 6, 2022December 6, 2022
(Reuters) – Payments company Wirecard collapsed in 2020 in Germany’s biggest post-war fraud scandal. A trial will start in Munich on Thursday, with former Chief Executive Markus Braun faci[...]
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Business Economy Europe Politics Top News

Wirecard in the dock as Germany’s biggest fraud trial starts

BY Reuters  • December 6, 2022December 6, 2022
By Jörn Poltz and Christian Kraemer MUNICH/BERLIN (Reuters) – Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany[...]
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Asia Business Economy Europe Politics Top News

Exclusive: Musk’s Neuralink faces federal probe, employee backlash over animal tests

BY Reuters  • December 6, 2022December 6, 2022
By Rachael Levy (Reuters) – Elon Musk’s Neuralink, a medical device company, is under federal investigation for potential animal-welfare violations amid internal staff complaints that its animal[...]
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