DAVOS/FRANKFURT (Reuters) – European Central Bank President Christine Lagarde gained key allies for her plan to raise rates out of negative territory this summer, even as one of her own board members on Wednesday expressed some scepticism about the policy path ahead. With inflation broadening, Lagarde said this week that the ECB’s minus 0.5% deposit…
(Reuters) – Amazon.com Inc said on Wednesday it had opened its first brick-and-mortar clothing retail store, as people start to venture out to shop following easing COVID-19 curbs. The store, Amazon Style, located in Los Angeles, will use machine-learning technology to help customers find clothes and personalize recommendations. Customers shopping on the Amazon app will…
COPENHAGEN (Reuters) – Danish biotechnology company Bavarian Nordic on Wednesday lifted its sales outlook and now expects a smaller operating loss this year after signing a contract with an undisclosed country for the supply of its monkeypox vaccine. (Reporting by Nikolaj Skydsgaard; editing by Jason Neely)
LONDON (AP) — An investigative report released Wednesday blamed British Prime Minister Boris Johnson and other senior leaders for allowing boozy government parties that broke the U.K.’s COVID-19 lockdown rules, and while Johnson said he took “full responsibility” for the breaches, he insisted he would not resign. Revelations that Johnson and his staff repeatedly flouted…
DAVOS, Switzerland (AP) — Soaring inflation. Russia’s war in Ukraine. Squeezed supply chains. The threat of food insecurity around the world. The lingering COVID-19 pandemic. The risks to the global economy are many, leading to an increasingly gloomy view of the months ahead for corporate leaders, government officials and other VIPs at the World Economic…
By Simon Jessop and Ross Kerber LONDON/BOSTON (Reuters) – Amazon.com Inc faces 14 investor resolutions challenging its policies at its annual shareholder meeting on Wednesday, a record for the retail and cloud computing giant, as socially minded investors scrutinize its treatment of workers. The increase in the number of resolutions underscores the rise of environmental,…
By Susan Mathew (Reuters) – European shares eked out gains on Wednesday, lifted by resource-linked stocks and banks, with investors watching for updates from central banks on monetary policy tightening amid rising concerns of an economic slowdown. The pan-European STOXX 600 index rose 0.4% by 0832 GMT, paring some early gains as heavyweight technology and…
By Katanga Johnson and Xie Yu WASHINGTON/HONG KONG (Reuters) – “Significant issues remain” in reaching a deal with China over a long-running dispute around auditing compliance of China-based companies listed on U.S. stock exchanges, a U.S. Securities and Exchange Commission (SEC) official said on Tuesday. The SEC’s international affairs chief, YJ Fischer, told an audience…
KYIV, Ukraine (AP) — Ukraine’s president said Wednesday that Russia must pull back to its pre-war positions as a first step before diplomatic talks, a negotiating line that Moscow is unlikely to agree to anytime soon as it focuses its fire on key regions in the east three months into the war. Speaking by video…
DAVOS, Switzerland (AP) — Executives with German automaker Volkswagen say at the World Economic Forum meeting in Davos that supply chain problems exacerbated by the Russia-Ukraine war are easing but they’re dealing with a huge backlog of orders. Audi board member Hildegard Wortmann says the VW-owned brand has its “highest level of orders at the…
