India’s Reliance Signs Franchise Deal With Fashion House Balenciaga
MUMBAI (Reuters) – India’s bigger retailer Reliance said on Thursday that had signed a long-term franchise deal with French fashion…
August 2022
Applications for US jobless claims up again last week
WASHINGTON (AP) — More Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly,…
Credit Suisse Mulls Cutting Thousands Of Jobs Globally, Report Says
(Reuters) – Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported on Thursday, citing people…
Russia’s Gazprom To Get 50% Of Replacement For Sakhalin-2 LNG Project
MOSCOW (Reuters) -Gazprom will receive 50% of a new Russian entity replacing the Sakhalin Energy liquefied natural gas (LNG) project,…
Eli Lilly Cuts Annual Profit Forecast For Second Time
(Reuters) – Eli Lilly and Co on Thursday cut its full-year profit forecast for the second time after reporting a…
Oil Prices Stabilize After Drop To Near 6-month Low
By Rowena Edwards LONDON (Reuters) -Oil prices were broadly steady on Thursday as the market weighed tight supply against demand…
Australia to protect Barrier Reef by banning coal mine
CANBERRA, Australia (AP) — Australia’s new government announced on Thursday it plans to prevent development of a coal mine due…
Taiwan cancels flights as China holds military drills
BEIJING (AP) — Taiwan canceled airline flights Thursday as China fired missiles near the self-ruled island in retaliation for a…
Hit By Rising Costs And Supply Snarls, Toyota Profit Tumbles 42%
By Satoshi Sugiyama TOKYO (Reuters) -Toyota Motor Corp’s profit slumped a worse-than-expected 42% in its first quarter as the Japanese…
Bank of England predicts recession at the end of the year
LONDON (AP) — The Bank of England announced its biggest interest rate increase in 27 years on Thursday as it…