By Scott DiSavino NEW YORK (Reuters) -Oil prices steadied on Friday, setting them on course for little change on the week, as a planned European Union ban on Russian oil balanced concerns that slowing economic growth will hurt demand. Brent futures for July delivery rose 2 cents to $112.06 a barrel by 11:07 a.m. EDT…
NEW YORK (AP) — Tesla and SpaceX CEO Elon Musk has denied a claim of sexual misconduct by a flight attendant contracted by SpaceX who worked on his private jet in 2016. A report by Business Insider said SpaceX paid the woman $250,000 in severance in 2018 in exchange for her agreeing not to file…
NEW DELHI (Reuters) – India’s Jet Airways said on Friday the country’s aviation regulator has cleared it to resume operation of commercial flights. Once India’s biggest private carrier, Jet stopped flying in April 2019 after running out of cash, owing billions to lenders and leaving thousands without jobs. Jet said the grant of an air…
BERLIN (AP) — A court in Germany cast doubt Friday on claims by a German farmer that automaker Volkswagen is partly responsible for the impact that global warming is having on his family business. The plaintiff, Ulf Allhoff-Cramer, claims drier soil and heavier rains due to climate change are harming his fields, cattle and commercial…
WASHINGTON (Reuters) -The U.S. Securities and Exchange commission on Friday that Wells Fargo Advisors had agreed to pay $7 million to settle charges of anti-money laundering related violations. The regulator said Wells Fargo Advisors failed to file at least 34 Suspicious Activity Reports (SARs) in a timely manner between April 2017 and October 2021. The…
By Andres Gonzalez and Pamela Barbaglia LONDON (Reuters) -Credit Suisse has hired a senior Barclays dealmaker to lead its investment banking business in Spain and Portugal, in a bid to strengthen its presence in a region where activity surged last year. Nacho Moreno, who was in charge of the investment banking franchise in Iberia at…
By James Davey LONDON (Reuters) – Steve Rowe will next week step down as chief executive of British retailer Marks & Spencer after a turbulent six years in the top job, with his internal successor set for a baptism of fire amid a worsening cost-of-living crisis. Rowe, who joined M&S at the age of 15…
TOKYO (AP) — Japan welcomes a new U.S. economic initiative for the Indo-Pacific that President Joe Biden is expected to roll out during a visit to Tokyo next week because it demonstrates American commitment to a regional economic order that is not just about market access, an official said Friday. Biden is proposing the new…
COPENHAGEN, Denmark (AP) — Russia will cut off natural gas to Finland after the Nordic country that applied for NATO membership this week refused President Vladimir Putin’s demand to pay in rubles, the Finnish state-owned energy company said Friday, the latest escalation over European energy amid the war in Ukraine. Finland is the latest country…
By Dominique Vidalon PARIS (Reuters) -Air France-KLM said on Friday it had entered exclusive talks with private equity firm Apollo for a 500 million euro ($529 million) capital injection for one of its engineering and maintenance units to help repay French state aid. “The proceeds of the transaction would enable Air France-KLM and Air France…
