GENEVA (AP) — Credit Suisse on Thursday reported a fourth-quarter loss of 2 billion Swiss francs ($2.2 billion) as the top-drawer Swiss bank wrapped up “a year of challenges” marked by bad bets on a hedge fund, set asides for legal costs and accounting changes due to its acquisition of a U.S. investment bank over…
FRANKFURT, Germany (AP) — Germany Siemens AG, global maker of big-ticket machines and industrial equipment and software, saw net profit rise 20% to 1.8 billion euros in the last three months of 2021 as the rebounding global economy increased orders for its goods, including a 1-billion euro order for high speed trains in Germany. The…
BRUSSELS (AP) — The European Union is seeing its economic emergence from the unprecedented COVID-19 slowdown hampered by coronavirus-induced staff shortages, supply bottlenecks, runaway energy prices and subsequent inflation surges. In its winter 2022 forecast, the European Commission said Thursday that even though the economy has rebounded from stunning losses at the height of the…
MOSCOW (Reuters) – Russia’s Federal Antimonopoly Service (FAS) on Thursday said Alphabet’s Google had breached antitrust law related to suspending and blocking accounts on YouTube. Google is waiting for the FAS’ full decision in order to review it, the TASS news agency reported. Google did not immediately respond to a Reuters request for comment. (Reporting…
By Tommy Wilkes LONDON (Reuters) – The rebound in share prices took a pause on Thursday as investors geared up for crucial a U.S. inflation report that should offer new clues on the pace of Federal Reserve interest rate hikes. European stocks were mostly higher or unchanged on the day, while U.S. futures pointed to…
MOSCOW (AP) — Britain’s top diplomat urged Russia on Thursday to defuse tensions over Ukraine and take the path of diplomacy even as thousands of Russian troops engaged in sweeping maneuvers in Belarus as part of a military buildup near Ukraine that has fueled Western fears of an invasion. U.K. Foreign Secretary Liz Truss again…
LONDON (AP) — AstraZeneca recorded a big jump in revenue on Thursday as it begins to take a profit from its coronavirus vaccine for the first time. The company recorded full-year revenues of $37.4 billion, an increase of 38% from the year before at constant exchange rates. Part of the boost came from $4 billion…
By Noah Browning LONDON (Reuters) -Oil prices rose on Thursday after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors awaited the outcome of U.S.-Iran nuclear talks that could add crude supplies quickly to global markets. Brent crude futures rose 34 cents, or 0.4%, to $91.89 a barrel at…
(Reuters) – A California state agency on Wednesday filed a lawsuit accusing Tesla Inc of tolerating discrimination against Black workers at an assembly plant, mirroring claims in several other pending cases against the electric-car maker, the Wall Street Journal reported. California’s Department of Fair Employment and Housing (DFEH) filed a lawsuit in state court which…
IGHRAN, Morocco (AP) — The death of a 5-year-old boy trapped for days in the dark depths of a well symbolizes for many villagers a curse that haunts their remote mountainous region in northern Morocco: dirt poor, neglected and dependent on its illegal cannabis crop to survive. The well that swallowed Rayan was dug by…
