MILAN (Reuters) -Italy’s biggest phone group Telecom Italia has secured works worth 725 million euros ($755.67 million) in a government tender for the deployment of 5G networks, the ministry for technological innovation and digital transition said on Monday. Earlier this year the EU Commission approved a 2 billion-euro Italian scheme to support the roll out…
OMAHA, Neb. (AP) — Bidding for a final, private lunch with Warren Buffett, an event that has raised tens of millions for a California charity, has already topped $3 million. It will be the first private lunch offered with the billionaire since a record-setting bid in 2019. The past two auctions were called off due…
By Foo Yun Chee BRUSSELS (Reuters) -Google parent Alphabet has offered to let rival ad intermediaries place ads on YouTube to address a crucial part of an EU antitrust investigation that could pave the way for it to settle the case without a fine, people familiar with the matter said. The European Commission opened a…
By Yoruk Bahceli (Reuters) – Traders have sharply increased where they see rate hikes by the world’s top central banks ending this cycle as red-hot inflation readings may force policymakers to act more aggressively to quell price pressures. Dubbed the “terminal” rate, asset managers and borrowers have to take those levels into account in planning…
WASHINGTON (Reuters) – The chief executives of General Motors Co, Ford Motor Co, Chrysler-parent Stellantis NV and Toyota Motor North America on Monday urged Congress to lift a cap on the $7,500 electric vehicle tax credit, saying it will “provide much-needed certainty to our customers and domestic workforce,” according to a letter seen by Reuters….
By Alex Lawler LONDON (Reuters) – Oil dropped almost $1 a barrel on Monday as a flare-up in COVID-19 cases in Beijing and worries about more interest rate hikes raised concern about demand, although tight global supplies limited losses. Beijing’s most populous district Chaoyang announced three rounds of mass testing to quell a “ferocious” COVID-19…
Many major companies have chosen to stay quiet on the abortion debate, but Yelp and its CEO Jeremy Stoppelman have chosen a different path. The San Francisco-based online reviews site is among the handful of companies covering travel costs for employees and their dependents who must travel out of state to obtain an abortion, a…
NEW YORK (AP) — Wall Street is back in the claws of a bear market as worries about inflation and higher interest rates overwhelm investors. The Federal Reserve has signaled it will aggressively raise interest rates to try to control inflation, which is the highest in decades. Throw in the war in Ukraine and a…
Early Market Thoughts Blood on the streets to kick off another busy week in the markets. The Fed looms as the major story for markets. We have seen faith in the Fed’s ability to battle inflation wane. This has knocked markets off a potential basing pattern that started to form and lead to a fresh…
(This June 12 story officially corrects Russian delegate’s name in paragraph 4 after WTO mistake) By Philip Blenkinsop and Emma Farge GENEVA (Reuters) – World Trade Organization chief Ngozi Okonjo-Iweala expressed cautious optimism on Sunday that more than 100 trade ministers meeting in Geneva would achieve one or two global deals this week, but warned…
