DUBAI (Reuters) – European budget carrier Wizz Air said on Friday it had postponed the resumption of flights between Abu Dhabi in the United Arab Emirates and the Russian capital, Moscow, until further notice, citing “industry supply chain limitations”. The airline earlier this month announced Wizz Air Abu Dhabi, its joint venture with an Abu…
Wayfair is cutting about 870 employees, or 5% of its global workforce, as part of a plan previously announced by the home goods company to manage operating costs and realign its investment priorities after the pandemic. With millions sheltering at home in 2020, the Boston company reported 55% sales growth as families spent heavily to…
NEW YORK (AP) — Apple regularly issues updates to the software powering the iPhone, and sometimes it’s OK to dawdle when it comes to installing them. But that’s not the case with its latest — an upgrade that Apple released Wednesday to close a security hole that could allow hackers to seize control of iPhones…
MOSCOW (AP) — A key Russian natural gas pipeline will shut down for three days of maintenance at the end of this month, the state-owned energy company Gazprom announced Friday, raising economic pressure on Germany and other European countries that depend on the fuel to power industry, generate electricity and heat homes. The latest shutdown…
(Reuters) -A U.S. regulator has authorized Berkshire Hathaway Inc, the company controlled by billionaire Warren Buffett, to buy up to 50% of the common stock of oil company Occidental Petroleum Corp. In an order made public on Friday, the Federal Energy Regulatory Commission (FERC) said that authorization was “consistent with the public interest.” Occidental shares…
By Ludwig Burger and Christoph Steitz FRANKFURT (Reuters) -Fresenius SE said its long-serving Chief Executive Stephan Sturm would quit, to be replaced by the head of its drugs unit, after the diversified group’s earnings were hit following the COVID pandemic and a surge in costs. Michael Sen, a former management board member of Siemens and…
SILVER SPRING, Md. (AP) — The chief executive who oversaw the rapid expansion of Ulta Beauty will take over as CEO of Foot Locker during a period of significant transition for the chain. Mary Dillon, one of only 31 women leading a S&P 500 company before stepping down as the top executive at Ulta early…
By Jamie McGeever ORLANDO, Fla. (Reuters) – Retail investors are back. In fact, they never went away. The recent rebound on Wall Street has been partly credited to strong buying by traditionally small-time ‘mom & pop’ investors. This investor base has changed dramatically in recent years, especially since the COVID-19 pandemic. The flourishing of social…
(Reuters) -The head of Myanmar’s central bank was replaced on Friday as part of a surprise reshuffle by the military junta which seized power in a coup last year, state media reported. Deputy Governor Than Than Swe, who was hospitalised after being shot by unidentified attackers at her home earlier this year, will now head…
MOSCOW (Reuters) – Russia’s state communications watchdog Roskomnadzor said on Friday that it was taking punitive measures against a string of foreign IT companies, including TikTok, Telegram, Zoom, Discord and Pinterest. In a statement, Roskomnadzor said that the measures were in response to the companies’ failure to remove content that it had flagged as illegal,…
