By Alexander Marrow MOSCOW (Reuters) – The co-founder of Russian internet giant Yandex, Arkady Volozh, said goodbye in an internal message to staff on Friday ahead of a corporate restructuring that could see ownership of many of the firm’s core services change hands. Volozh stepped down as CEO and left the board of directors after…
LONDON (Reuters) – Global insurance losses for natural catastrophes are projected to reach $112 billion in 2022, reinsurance broker Guy Carpenter said on Friday, driven by the impact of Hurricane Ian which hit Florida earlier this year. The projected losses do not include the impact of the most recent December natural catastrophes, Guy Carpenter said…
(Reuters) -Spanish consumer prices rose 5.8% in December – at their slowest annual pace this year, thanks to lower electricity prices compared to a year ago, flash data from the National Statistics Institute (INE) showed on Friday. Still, core inflation, which strips out volatile fresh food and energy prices, was at 6.9% year-on-year, higher than…
MOSCOW (Reuters) – The rouble strengthened on Friday, heading towards the 71 mark against the dollar as a highly volatile year drew to a close, with the final month of trading dominated by fears over the impact of a Western oil price cap on Russia’s export revenues. At 0708 GMT, the rouble was 1.3% stronger…
MOSCOW (Reuters) – The rouble strengthened on Friday, heading towards the 71 mark against the dollar as a highly volatile year drew to a close, with the final month of trading dominated by fears over the impact of a Western oil price cap on Russia’s export revenues. At 0708 GMT, the rouble was 1.3% stronger…
By Florence Tan and Emily Chow SINGAPORE (Reuters) – Oil prices edged up on Friday and were on track to post their second straight annual gains, albeit modest, in a stormy year marked by tight supplies due to the Ukraine war, a strong dollar and weakening demand from the world’s top crude importer China. Brent…
SHANGHAI (Reuters) -Chinese tech giant Huawei Technologies Co Ltd estimated on Friday its 2022 revenue grew 0.4% annually, suggesting that its sales decline due to U.S. sanctions had come to a halt. Despite revenue increasing only marginally, rotating chairman Eric Xu struck an upbeat tone in the company’s annual New Year’s letter, where he revealed…
By Florence Tan SINGAPORE (Reuters) – Oil prices edged up on Friday and were on track to post a second straight annual gain, albeit a meagre one, in a year marked by tight supplies due to the Ukraine conflict, a strong dollar and weak demand from the world’s top crude importer China. Brent crude futures…
By Ahmed Aboulenein WASHINGTON (Reuters) – The U.S. Food and Drug Administration failed to adhere to its own guidance and internal practices during the approval process for Biogen’s Alzheimer’s drug Aduhelm, which was “rife with irregularities,” a congressional report showed on Thursday. The FDA’s interactions with Biogen were “atypical” and did not follow the agency’s…
(Reuters) – The Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing at the time of transfer on a temporary basis to deliver them to customers and creditors who own them. FTX’s Bahamas unit’s digital assets were transferred to digital wallets under the…
