By Amanda Cooper, David Milliken and Andy Bruce LONDON (Reuters) -The Bank of England said on Monday it would not hesitate to change interest rates and was monitoring markets “very closely”, after the pound plunged to a record low and British bond prices collapsed in response to the new government’s financial plans. Finance minister Kwasi…
SINGAPORE (Reuters) -Grab Holdings Ltd, Southeast Asia’s biggest ride-hailing and food delivery firm, expects to break even on its adjusted EBIDTA by the second half of 2024 as it accelerates toward profitability, company officials said on Tuesday. Its group adjusted EBIDTA loss is expected to be $380 million for the second half of 2022, a…
CANBERRA, Australia (AP) — Australian police were investigating a purported hacker’s release of the stolen personal data of 10,000 Optus customers and demand for a $1 million ransom in cryptocurrency, the telecommunications company’s chief executive said Tuesday. The Australian government has blamed lax cybersecurity at the nation’s second-largest wireless carrier for the unprecedented breach last…
BEIJING (Reuters) – Profits at China’s industrial firms shrank at a faster pace in January-August, as strict COVID restrictions and a deepening property slump weighed on domestic demand and heatwaves curbed factory activity. Profits fell 2.1% in the first eight months of 2022 from a year earlier, after a 1.1% drop logged in January-July, according…
MIAMI (AP) — Governors of the Inter-American Development Bank have voted to fire its president, Mauricio Claver-Carone, after an ethics probe found he likely carried on an intimate relationship with a subordinate. The governors from the IADB’s 48 members had until Tuesday to vote electronically on whether to sack Claver-Carone following a unanimous recommendation last…
(Reuters) – Star Entertainment Group on Tuesday accepted the findings of an inquiry that stated the casino operator unfit to hold a licence in Sydney, but said it should be permitted to continue operating under “strict supervision”. The country’s second-biggest casino operator said in a statement that it has developed a remediation plan, outlining actions…
BUENOS AIRES (Reuters) – Units of Argentina’s state oil firm YPF will next month begin lithium exploration in a first-ever entry into the sector by state-run miners as the government aims to benefit from surging demand for the battery metal, according to a statement on Monday. Lithium prices have soared past $70,000 per tonne this…
By Jonathan Stempel (Reuters) – Eli Lilly and Co was sued on Monday by the U.S. Equal Employment Opportunity Commission, which accused the drugmaker of illegally refusing to hire older workers for sales representative jobs because of their age. The complaint said Lilly’s violations began after Stephen Fry, its senior vice president for human resources…
By Tom Hals WILMINGTON, Del. (Reuters) -Billionaire Elon Musk’s tendency to dish out insults while being questioned under oath will be tested anew this week, when lawyers for Twitter Inc are expected to interview the Tesla Inc CEO about his abrupt decision in July to ditch his $44 billion deal for the social media company….
By Thomas Escritt and Stine Jacobsen BERLIN/COPENHAGEN (Reuters) -Danish authorities on Monday asked ships to steer clear of a five nautical mile radius off the island of Bornholm after a gas leak overnight from the defunct Russian-owned Nord Stream 2 pipeline drained into the Baltic Sea. The German government said it was in contact with…
