By Anshuman Daga SINGAPORE (Reuters) -Credit Suisse’s Chairman Antonio Horta-Osorio has resigned after flouting COVID-19 quarantine rules, raising questions over the embattled lender’s new strategy even as it tries to recover from a string of scandals. Credit Suisse, Switzerland’s No.2 bank, said Horta-Osorio resigned following an investigation commissioned by the board. The resignation comes less…
By John Geddie and Joe Brock (Reuters) – International brands including Coca Cola and PepsiCo called on Monday for a global pact to combat plastic pollution that includes cuts in plastic production, a key growth area for the oil industry. World officials will meet at a United Nations Environment Assembly conference (UNEA 5.2) later this…
By Wayne Cole SYDNEY (Reuters) – Asian share markets got off to a cautious start on Monday as the U.S. earnings season loomed large and a slew of Chinese economic data were expected to show the deadening effect of coronavirus restrictions on activity. A holiday in the United States made for thin trading, but that…
By Daniel Leussink TOKYO (Reuters) – Japan’s core machinery orders rose for a second straight month in November, government data showed on Monday, a sign that corporate appetite for capital spending remained resilient despite pressure from soaring raw material prices. The gain in core orders, a key indicator of capital expenditure, could be a relief…
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration (FAA) said Sunday it had cleared an estimated 45% of the U.S. commercial airplane fleet to perform low-visibility landings at many airports where 5G C-band will be deployed starting Wednesday. The FAA has warned that potential interference could affect sensitive airplane instruments such as altimeters…
By Valentine Hilaire MEXICO CITY – Mexican entrepreneur Javier Garza Calderon aims to bid on the consumer banking arm of Citigroup in the country, pledging to return it to Mexican hands, he said in a statement Sunday. Garza Calderon, founder of the organization “Entrepreneurs for the Fourth National Transformation (E4T),” said he was interested in…
(Reuters) – Unilever Plc has held talks with banks about additional financing for a potential sweetened offer for GlaxoSmithKline Plc’s consumer products division, Bloomberg reported https://www.bloomberg.com/news/articles/2022-01-16/unilever-is-said-to-weigh-raising-offer-for-glaxo-consumer-unit?sref=WJKVI5nK on Sunday, citing people familiar with the matter. Unilever and GSK did not immediately respond to Reuters’ requests for comment. The news came a day after GSK said it…
By Kanishka Singh (Reuters) – Airlines canceled over 2,700 U.S. flights on Sunday as a winter storm combining high winds and ice was poised to hit the U.S. East Coast over the holiday weekend. The flights canceled by 12:30 p.m. ET (1730 GMT) on Sunday included over 2,700 entering, departing from or within the United…
JERUSALEM (Reuters) – Israel’s cabinet approved additional state aid on Sunday to help bail out airlines suffering another pandemic blow with the spread of the Omicron coronavirus variant, the finance and transportation ministries said. Total state aid would not exceed $85 million for all of Israel’s carriers and would come in the form of three-year…
LONDON (Reuters) – Britain’s government will cut the BBC’s funding by ordering a two-year freeze on the fee that people pay to watch the broadcaster, the Mail on Sunday reported. The future of the licence-payer funded British Broadcasting Corporation is a perpetual topic of political debate, with Prime Minister Boris Johnson’s government most recently suggesting…
