BERLIN (Reuters) -German trade union Verdi on Tuesday called on workers at nine Amazon distribution centres across Germany to go on strike this week, during the company’s second major sales event this year, to try to pressure it into collective bargaining agreements. The union said the strikes would begin and end at different times at…
TOKYO (Reuters) -Nissan Motor Co Ltd will hand over its business in Russia to a state-owned entity for 1 euro ($0.97), it said on Tuesday, taking a loss of around $687 million in the latest costly exit from the country by a global company. The Japanese automaker transfer its shares in Nissan Manufacturing Russia LLC…
By William Schomberg LONDON (Reuters) -Britain reported a record jump in the number of people leaving the labour market in the three months to August, adding to the Bank of England’s inflation headaches. The number of people neither in work nor looking for it rose by 252,000 from the three months to May, the biggest…
WELLINGTON, New Zealand (AP) — Two of New Zealand’s largest ski areas on Tuesday were placed into a type of bankruptcy proceeding following a disastrous winter season with barely any snow. The Tūroa and Whakapapa ski areas, which are both owned by Ruapehu Alpine Lifts, entered what is called voluntary administration. The proceeding is open…
By Selena Li HONG KONG (Reuters) – HSBC Global Private Banking has launched its business in the large Chinese cities of Chengdu and Hangzhou, it said on Tuesday, to try to capture a bigger share of the local market as uncertainties cloud potential for China’s wealth growth. The bank also said it plans to explore…
TOKYO (AP) — Asian shares were mostly lower on Wednesday following another volatile day on Wall Street, as traders braced for updates on inflation and corporate earnings. Benchmarks fell in Tokyo, Shanghai and Hong Kong but rose in Sydney. In currency trading the Japanese yen declined to a 24-year low against the U.S. dollar at…
By Nina Chestney and Bozorgmehr Sharafedin LONDON (Reuters) – Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian supply would make power rationing or blackouts all but inevitable. Even if Europe manages to stay…
(Corrects second paragraph to show retail sales were for 2022, not 2021; adds stock ticker in first paragraph) (Reuters) – British pub operator Marston’s said on Tuesday its annual total retail sales came in higher than 2019 numbers, as people continued to splurge on drinks and food despite the rapid cost-of-living crisis. Total retail sales…
COLOMBO (Reuters) -Sri Lanka’s cabinet has approved a proposal to downgrade the island nation’s economic status to “low income country”, in order to get access to concessional funding from international organisations, the cabinet spokesman said on Tuesday. Sri Lanka’s economy is in a deep slump, shrinking at an annual 8.4% in the June quarter in…
By Shankar Ramakrishnan and Krystal Hu (Reuters) – Elon Musk’s banks, faced with huge losses on their commitment to finance the $44 billion buyout of Twitter Inc, may not be able to back out of the deal easily but they might have a way to minimize the hit they take. Morgan Stanley, Bank of America…
