By Sheila Dang and Helen Coster (Reuters) – Donald Trump on Saturday said he had no interest in returning to Twitter even as a slim majority voted in favor of reinstating the former U.S. President, who was banned from the social media service for inciting violence, in a poll organized by new owner Elon Musk….
By Howard Schneider WASHINGTON (Reuters) – Atlanta Federal Reserve President Raphael Bostic said Saturday he is ready to “move away” from three-quarter-point rate hikes at the Fed’s December meeting and feels the Fed’s target policy rate need rise no more than another percentage point to tackle inflation. “If the economy proceeds as I expect, I…
By Michael S. Derby BOSTON (Reuters) – For all the tumult and disruptions of the coronavirus pandemic, U.S. labor markets have come out on the other side not far from the strong conditions that prevailed before the crisis, a paper presented at a Boston Fed research conference said. Almost all of the hit the U.S….
BERLIN (Reuters) – Former Bundesbank chief Jens Weidmann is to be a candidate to become chairman of Commerzbank’s supervisory board after Helmut Gottschalk decided not to stand for a new term in the role, the German bank said on Saturday. It said shareholder representatives of the Presiding and Nomination Committee had responded positively to Gottschalk’s…
By Philip Blenkinsop BRUSSELS (Reuters) – A last-minute decision to ban the sale of alcohol at Qatar’s World Cup stadiums will seriously limit Budweiser sales in the Gulf state, but will not derail its owner’s global campaign during the tournament, industry analysts said. Soccer world governing body FIFA’s announcement of the ban on Friday, just…
WASHINGTON (Reuters) – Tesla is recalling more than 321,000 vehicles in the United States because tail lights may intermittently fail to illuminate, according to a filing made public Saturday. The Texas-based electric vehicle manufacturer said the recall covers some 2023 Model 3 and 2020-2023 Model Y vehicles, according to a filing with the National Highway…
(Reuters) – Collapsed crypto exchange FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses. FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new global cash management system and payment to…
NEW DELHI (Reuters) – Tata Group-owned Air India is in talks with Boeing and Airbus about ordering new aircraft and is meeting its immediate needs by leasing planes and repairing grounded aircraft, the airline’s chief executive said on Saturday. The autos-to-steel conglomerate, which completed its purchase of Air India in January, faces an uphill struggle…
(Reuters) – Collapsed crypto exchange FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses. FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new global cash management system and payment to…
(Reuters) – Cryptocurrency exchange FTX, which recently filed for U.S. bankruptcy court protection, has fired some top executives, including co-founder Gary Wang, the Wall Street Journal reported on Friday, citing an FTX spokeswoman. Other terminated executives include engineering director Nishad Singh and Caroline Ellison, who ran FTX’s trading arm Alameda Research, the newspaper said. (Reporting…
