SAO PAULO (Reuters) -The Brazilian Air Force has decided to cut its order for Embraer SA’s KB-390 military cargo planes to 15 aircraft from 22 previously, according to a report from local newspaper O Globo on Monday. Lieutenant-Brigadier General Carlos de Almeida Baptista Junior said the Air Force will further reduce its order due to…
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) -U.S. and European stocks rallied on Monday, with the S&P 500 staying clear of a bear market, while the euro leapt after the European Central Bank said it was likely to lift its deposit rate out of negative territory by September. Oil prices slid and gold…
FRANKFURT, Germany (AP) — The president of the European Central Bank on Monday gave the clearest sign yet that policymakers will aim to raise interest rates as soon as July to ease surging inflation. In a blog post on the Frankfurt, Germany-based bank’s website, President Christine Lagarde said she expects asset purchases that buoy the…
By Kathryn Lurie DAVOS, Switzerland (Reuters) – The World Economic Forum returned to Davos on Monday with a unique spring gathering. Here is what you need to know about Day 1: ECONOMIC OUTLOOK ‘DARKENS’ Multiple threats to the global economy topped the worries of the world’s well-heeled at the annual Davos think-fest on Monday, with…
By Kanishka Singh WASHINGTON (Reuters) – Videogame publisher Activision Blizzard Inc enforced a social media policy that conflicted with workers’ rights and illegally threatened staff in the policy’s enforcement, a U.S. government agency said on Monday. Unless Activision settles, the Los Angeles-based regional director of the National Labor Relations Board (NLRB) will issue a complaint,…
ATHENS (Reuters) – DEPA Commercial, Greece’s biggest gas importer, has paid Russian gas producer Gazprom in euros for April natural gas supplies, the semi-state Athens News Agency reported on Monday. State-controlled DEPA Commercial has a gas supply contract with Gazprom which expires in 2026. (Reporting by Angeliki Koutantou; Editing by Chris Reese)
PARIS (AP) — The lone survivor of a 2009 plane crash in the Indian Ocean took the stand Monday in a Paris courtroom, recounting her ordeal as a 12-year-old girl hearing screams, clinging to floating debris and desperately hoping that her mother was still alive. Bahia Bakari’s mother was among 152 people who died on…
BERLIN (AP) — A longtime contractor for Shell has publicly called out the oil and gas company’s climate plans, accusing the company of “double talk” by saying it wants to cut greenhouse gas emissions while working on tapping new sources of fossil fuel. Caroline Dennett, who says she consulted Shell on safety issues for more…
LONDON (Reuters) – Barclays said on Monday it had refiled its accounts with U.S. regulators after a blunder led to it overselling structured products, and that it planned to launch a delayed share buyback this week. (Reporting by Iain Withers, editing by Lawrence White)
By Anisha Sircar and Devik Jain (Reuters) – U.S. stock indexes climbed on Monday as investors bought beaten-down banks and Apple shares after a turbulent last week that saw the benchmark S&P 500 coming close to confirming a grim market milestone on worries about economic growth and inflation. All of the 11 major S&P sectors…
