By Jesús Aguado MADRID (Reuters) – Aggravated by fiddly financial apps, retired urologist Carlos San Juan got more than he bargained for when he began a campaign for a more user-friendly service from Spain’s banks. The 78-year-old kicked off a revolt dubbed ‘I’m old, not an idiot’ online at the end of December and by…
By Joel Schectman and Christopher Bing WASHINGTON (Reuters) – A single activist helped turn the tide against NSO Group, one of the world’s most sophisticated spyware companies now facing a cascade of legal action and scrutiny in Washington over damaging new allegations that its software was used to hack government officials and dissidents around the…
By Ahmad Ghaddar LONDON (Reuters) -Oil prices fell on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages, but losses were capped by heightened tensions between top energy exporter Russia and the West over Ukraine. Brent crude traded down $1.26, or 1.3%, at $93.55 a barrel by 0914 GMT. U.S….
JAKARTA (AP) — Countries must avoid tensions and cooperate to support a recovery from the pandemic as it lingers in many parts of the world, Indonesian President Joko Widodo told a gathering of top financial leaders of the world’s largest economies Thursday. “The winter is coming,” Widodo said in welcoming finance ministers and heads of…
BANGKOK (AP) — New Zealand said Thursday it will not deal with Myanmar under a major 15-nation trade agreement, the world’s largest that took effect this year, citing the deadly violence and democratic setbacks in the Southeast Asian country after the military seized power last year. Two Asian diplomats told The Associated Press that New…
BERLIN (Reuters) – Continental is considering splitting into four separate businesses to boost its market capitalisation but must convince majority shareholder Schaeffler of the plan, Manager Magazin reported, sending Continental shares up 3.5%. The four business areas – tires, autonomous driving, automotive, and ContiTech – would either be sold or put on the market, the…
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Commerzbank swung to a better-than-expected fourth-quarter and annual net profit despite undergoing a major overhaul, the German lender said on Thursday, and also painted a rosy outlook for 2022. Profit this year will exceed 1 billion euros ($1.14 billion), Commerzbank said, beating analyst forecasts. It added that…
By Mathieu Rosemain PARIS (Reuters) -Orange, France’s biggest telecoms operator, expects a return to core profit growth in 2022 after lower returns from co-financing deals and high competition in the Spanish market hit earnings last year. The state-controlled former monopoly struggles to maintain strong upward momentum in revenue, caught between the need to upgrade networks…
By Joe Bavier and Rachel Savage JOHANNESBURG/LONDON (Reuters) – Wealthy nations must improve their floundering flagship debt relief initiative or face a spate of debt crises in the developing world, experts and campaigners say as finance chiefs of G20 major economies prepare for meetings later this week. As the pandemic battered global economies, the Group…
BANGKOK (AP) — Stocks fell Friday in Asia after a retreat on Wall Street as escalating worries over the possibility Russia may invade Ukraine rattled global financial markets. Benchmarks were moderately lower in Tokyo, Hong Kong, Sydney, Seoul and Sydney. On Thursday, the S&P 500 fell 2.1%, its biggest drop in two weeks, the Dow…
