ROME (Reuters) -Frank Cadoret, one of two board members representing top investor Vivendi in Telecom Italia (TIM), resigned for “personal reasons”, the Italian group said on Thursday. The[...]
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Thyssenkrupp warns of bleak outlook as recession looms
By Christoph Steitz and Tom Käckenhoff FRANKFURT/ESSEN, Germany (Reuters) -German industrial group Thyssenkrupp on Thursday warned that sales and profit will “nosedive” next year as high i[...]
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Factbox-What are FTX’s investors saying?
(Reuters) -FTX, formerly one of the world’s largest crypto exchanges, is seeking new funding after a rush of customer withdrawals left it on the brink of collapse. Regulators froze some assets o[...]
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Siemens stock surges after confident outlook and strong backlog
By John Revill ZURICH (Reuters) -Siemens shares surged on Thursday after the German technology and engineering group’s fourth quarter results beat forecasts and it gave a confident outlook about[...]
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J.P.Morgan predicts a mild U.S. recession next year
(Corrects to add story identifier) (Reuters) -J.P.Morgan economists predict a “mild recession” in the United States in the back half of next year given expectations for the Federal Reserve[...]
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FTX’s Bankman-Fried, Tom Brady and other celebrity promoters sued by crypto investors
By Jody Godoy (Reuters) – U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including NFL quarterback Tom Brady and comedian Larry David,[...]
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Bankman-Fried says filing for FTX bankruptcy was a mistake – Vox
(Reuters) – The founder of collapsed crypto exchange FTX, Sam Bankman-Fried, said he regretted his decision to file for bankruptcy and, in an interview published by Vox, criticized regulators. B[...]
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Japan auto lobby opposes plan to tax mileage of electric vehicles
TOKYO (Reuters) -A Japanese automobile lobbying group “firmly opposes” a plan for mileage tax on electric vehicles (EVs), an official of the group said on Thursday, adding that it would sl[...]
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Elon Musk says he will find a new leader for Twitter
By Hyunjoo Jin and Tom Hals (Reuters) -Elon Musk said on Wednesday he expected to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he hoped to c[...]
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