MEXICO CITY (Reuters) -A Mexican judge has declared local airline Interjet bankrupt, a document from judicial authorities showed on Tuesday, almost two years after the company stopped operating its low-cost flights around the Americas. The carrier now has 185 days to reach an agreement with creditors, during which Interjet’s payments are suspended, according to the…
OMAHA, Neb. (AP) — The auction of a high-tech portrait of Warren Buffett didn’t come close to matching the $19 million someone paid earlier this year for a private lunch with the billionaire, but it still raised $75,100 for one of his favorite charities. The eBay auction wrapped up Tuesday evening on Buffett’s 92nd birthday….
By Christoph Steitz and Nina Chestney FRANKFURT/LONDON (Reuters) – Russia will halt gas supplies via a major pipeline to Europe on Wednesday intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some of the region’s richest countries. The maintenance on Nord Stream 1 means that no…
(Reuters) -Snap Inc said on Tuesday its two senior advertising executives have exited the company, hours after a report disclosed the Snapchat parent was planning to cut about 20% of its workforce. The executives Jeremi Gorman, chief business officer, and Peter Naylor, vice president of ad sales for the Americas, will join Netflix Inc, the…
NEW YORK (Reuters) -Goldman Sachs Group Inc will lift pandemic-era protocols at its offices effective Sept. 6, according to an internal memo reviewed by Reuters. The Wall Street investment bank had already called its employees back to the office full time in June last year, although it relaxed those requirements during periods when coronavirus cases…
By Ana Mano and Gabriel Araujo SAO PAULO (Reuters) – Brazilian food processor BRF SA said on Tuesday that chief executive Lorival Luz has resigned and will be replaced by Miguel Gularte, a top executive at beef-packer Marfrig Global Foods SA. Shares in the poultry and pork processor were around 6% higher in early trading…
By Mimosa Spencer and Elizabeth Pineau PARIS (Reuters) -Russia’s Gazprom said on Tuesday it would fully suspend gas deliveries to major European utility Engie from Thursday in a dispute over contracts, a move which will deepen concerns about Europe’s winter energy supply. Europe is already on notice that Gazprom will shut off the Nord Stream…
(Reuters) – The head of the New York Federal Reserve on Tuesday brushed aside concerns that the central bank may once again have to call an early end to reductions of its large-scale asset holdings because of a drop in reserves in the banking system. “I don’t agree with that concern,” New York Fed President…
MOSCOW (Reuters) -Russian gas giant Gazprom made a record 2.5 trillion roubles ($41.75 billion) in net profit in the first half of 2022 and its board recommended paying interim dividends after skipping its annual payout for the first time since 1998, the company said on Tuesday. Gazprom dividends are a sensitive issue for the market,…
JOHANNESBURG (AP) — Angola’s opposition party has filed a complaint against the election victory of the ruling MPLA party in which President Joao Lourenco won a second term and the party got a reduced majority in the legislature. The main opposition party, the National Union for the Total Independence of Angola, known as UNITA, said…
