LONDON (AP) — Nominations in the race to replace British Prime Minister Boris Johnson closed on Tuesday, with eight Conservative lawmakers securing enough support from their colleagues to make the first ballot. Former Health Secretary Sajid Javid, whose resignation last week helped bring Johnson down, was a surprise casualty, failing to make the cut. Candidates…
ROME (AP) — Premier Mario Draghi insisted Tuesday his government was able to keep working despite tensions with the 5-Star Movement, but he warned that it can’t function if coalition members make ultimatums. Draghi briefed reporters after meeting with unions on the government’s latest efforts to mitigate the effects of soaring inflation and high energy…
By Susan Mathew and Devik Jain (Reuters) -European shares rose on Tuesday led by beaten-down aerospace, luxury and travel stocks, although worries about an energy supply crunch and a potential global recession capped gains. The pan-European STOXX 600 index ended 0.5% higher after opening lower and breaking a three-day winning streak in the previous session….
WASHINGTON (Reuters) – The U.S. Senate on Tuesday will kick off the final stages of confirmation for President Joe Biden’s nomination of Michael Barr to be a member of the Federal Reserve board and to serve as the central bank’s vice chair for supervision. Senate Majority Leader Chuck Schumer has set up the first of…
(Note: This story has strong language in paragraph 28) By Jeffrey Dastin NEW YORK (Reuters) – Amazon worker Gerald Bryson had hand-counted thousands of items in his warehouse’s inventory over three days when his manager showed him a “Supportive Feedback Document.” Bryson had made 22 errors, the 2018 write-up said, including tallying 19 products in…
BERLIN (AP) — The European Central Bank said Tuesday that its president, Christine Lagarde, was targeted in a hacking attempt but no information was compromised. The attempt took place “recently,” the Frankfurt-based central bank for the 19 countries that use the euro said in an emailed response to a query about a report by Business…
Peloton will stop making its own interactive stationary bikes and treadmills, outsourcing those duties to a Taiwanese manufacturer as it attempts to revive sales that surged during the pandemic. The New York City company, which recorded its only profitable quarters during the pandemic, is seeking to lower costs after sales slid when gyms began to…
The market prepares for Q2 earnings season. There is plenty of uncertainty facing investors as companies’ hand in report cards. Investors would like to see some clarity on the economic situation. Expectations are low which makes it easier for companies to surpass analyst consensus numbers. Q3 and second half outlooks will garner plenty of attention….
MOSCOW/LONDON (Reuters) -Lego is closing its business in Russia indefinitely and laying off its 90 Moscow-based employees, owing to “extensive disruption” in the country, the Danish toymaker said on Tuesday. Lego has terminated its contract with franchisee Inventive Retail Group (IRG) which owned and operated 81 stores on Lego’s behalf. IRG, which also operated shops…
LONDON (AP) — London’s Heathrow Airport is capping daily passenger numbers for the summer and telling airlines to stop selling tickets as it steps up efforts to quell travel chaos caused by soaring travel demand and staff shortages. Britain’s busiest airport said Tuesday that it’s setting a limit of 100,000 passengers that it can handle…
