By Noel Randewich and Hyunjoo Jin (Reuters) – Elon Musk’s attempt to scrap his purchase of Twitter Inc may leave the world’s wealthiest person in a stronger financial position than before he unveiled the $44 billion deal, with billions of dollars in cash from selling Tesla shares now sitting in the bank. After Musk on…
(Reuters) – Wells Fargo said on Monday that Kleber Santos will take over as the chief of consumer lending effective immediately. Santos served as head of Diverse Segments, Representation and Inclusion (DSRI) since joining the bank in November 2020. He succeeds Mike Weinbach, who plans to leave Wells Fargo in mid-September. The fourth-largest U.S. lender…
By Amruta Khandekar (Reuters) -U.S. stock indexes fell on Monday, with the earnings season set to kick off in earnest this week amid concerns of weaker corporate profit due to the impact of surging inflation. Jitters about the spread of COVID-19 in Macau hammered shares of casino operators as the gambling hub shut all its…
WASHINGTON (AP) — The U.S. economy is healthy and shows little sign of an imminent recession, and can withstand higher interest rates, St. Louis Federal Reserve president James Bullard said Monday. Financial markets are flashing signs that an economic downturn could arrive sometime next year, as Americans grapple with the highest inflation in four decades…
PARIS (AP) — French lawmakers on Monday failed to pass a no-confidence motion requested by a leftist coalition to symbolically mark their opposition to President Emmanuel Macron’s government and economic policies. Although the vote failed, it was a new slap for Macron’s leadership. It came as Macron’s critics in parliament questioned his close relations with…
KYIV, Ukraine (AP) — The captive Ukrainian medic’s eyeglasses had long since been taken away, and the face of the Russian man walking past her was a blur. Yuliia Paievska knew only that her life was being traded for his, and that she was leaving behind 21 women in a tiny three- by six-meter (10-…
By Eva Mathews (Reuters) -Wizz Air expects to have to cut flights this summer due to labour shortages and strikes at European airports, the budget airline said on Monday, sending its shares down around 5%. Wizz Chief Executive József Váradi had said in June the company was confident of returning to pre-COVID productivity by reaching…
Subway has a new recipe for success: fewer stores and a bigger menu. In early July, the 57-year-old sandwich chain introduced the Subway Series, a menu of 12 chef-developed sandwiches that can be ordered by name or number, like The Monster, which features steak, bacon, cheddar, green peppers and red onions on Italian bread with…
(This story includes content produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.) By Sabrina Valle and Ron Bousso LONDON (Reuters) – Western energy majors will cut output and lose billions of dollars if Russia, as is feared, suspends a pipeline that is almost the only export route for oil…
THE HAGUE, Netherlands (AP) — The European Union said Monday it’s “critical” that authorities in the 27-nation bloc consider giving second coronavirus booster shots to people between the ages of 60 and 79 years and other vulnerable people, as a new wave of the pandemic sweeps over the continent. “With cases and hospitalizations rising again…
