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…
(Reuters) – Russia is cutting the proportion of foreign currency revenues that exporters must convert into roubles to 50% from 80%, the finance ministry said on Monday, after the policy contributed to steep gains in the local currency. Despite an economic crisis prompted by the conflict in Ukraine, the rouble has surged about 30% against…
By Stephen Culp NEW YORK (Reuters) – BlackRock Investment Institute cut its ratings of developed market (DM) equities to “neutral” from “overweight” on Monday, citing the U.S. Federal Reserve’s potentially overzealous efforts to curb inflation and signs of economic slowdown in China. Regarding the Fed’s ramped-up rhetoric “vowing to bring inflation down at any cost,”…
By Balazs Koranyi and Dan Burns DAVOS, Switzerland (Reuters) -Multiple threats to the global economy topped the worries of the world’s well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession. Political and business leaders gathering for the World Economic Forum (WEF) meet against a backdrop of inflation…
WASHINGTON (AP) — Americans’ financial health reached its highest level in nearly a decade last year, the Federal Reserve said Monday, spurred by a strong job market and government support payments. Almost eight in 10 adults said last fall that they were either “doing okay or living comfortably” when it came to their finances in…
By Tarek Amara TUNIS (Reuters) – Tunisia’s powerful labour union said on Monday it would hold a national strike over wages and the economy after refusing to take part in a limited dialogue proposed by the president as he rewrites the constitution. With more than a million members, the UGTT is Tunisia’s most powerful political…
Starbucks is pulling out of the Russian market. In a memo to employees Monday, the Seattle coffee giant said it decided to close its 130 stores and no longer have a brand presence in Russia. Starbucks said it will continue to pay its nearly 2,000 Russian employees for six months and help them transition to…
DAVOS, Switzerland (AP) — The head of the U.N.’s World Food Program is telling billionaires it’s “time to step up” as the global threat of food insecurity rises with Russia’s war in Ukraine, saying he’s seen encouraging signs from some of the world’s richest people, like Elon Musk and Jeff Bezos. Agency Executive Director David…
