By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks fell on Friday to end the trading week on a down note after five straight sessions of gains, while the dollar dipped against a basket of major currencies after soft data on U.S. business activity. Wall Street posted modest losses in early trading…
LONDON (AP) — Truck drivers and Britons heading off on holiday by ferry faced hours-long waits at the port of Dover on Friday, with authorities blaming French officials for the chaos — a claim France denied. Dover authorities said a lack of French border officials was leading to waits of up to six hours for…
NEW YORK (AP) — Jay Carney, the top policy and communications executive at Amazon and one-time White House spokesman, has been named the head of policy at Airbnb, marking another high-profile departure for Amazon as it faces a shifting consumer landscape and heightened regulatory scrutiny. Carney, who served as the press secretary for President Barack…
By Victoria Waldersee, Jan Schwartz and Tom Sims BERLIN (Reuters) – Porsche Chief Executive Oliver Blume will take over from Herbert Diess as CEO of Volkswagen, the carmaker said on Friday, after a supervisory board vote forced Diess to step down from his four-year tenure following a series of missteps over strategy and communication style….
By Victoria Waldersee, Jan Schwartz and Tom Sims BERLIN (Reuters) – Volkswagen’s CEO Herbert Diess is stepping down and will be succeeded by Porsche boss Oliver Blume, Europe’s top carmaker said on Friday, after a four-year tenure in which Diess pushed VW’s electric vehicles ambitions and clashed with its work council and board. Sources with…
VIENNA (AP) — Herbert Diess, the Volkswagen CEO whose image had been tarnished in the fallout from the German automaker’s emissions-cheating scandal, is stepping down. In a surprise announcement Friday, the Wolfsburg, Germany-based company said Diess will depart Sept. 1 “by mutual consent” with the board. No reason was given for his departure. Oliver Blume,…
By Arathy Somasekhar HOUSTON (Reuters) -Brent crude prices edged slightly higher in choppy trading on Friday after Russia said it will not supply crude to countries that decide to impose a price cap on its oil. Brent crude futures climbed 56 cents, or 0.5%, to $104.42 a barrel by 1:12 p.m. ET (1712 GMT), while…
By Tim Hepher and David Shepardson FARNBOROUGH, England (Reuters) – Aerospace has turned the page on an unprecedented pandemic demand shock with dozens new orders at its largest air show in three years – only to face mounting worries over supply chains and reminders that its future hinges on decarbonisation. From rural Farnborough to nearby…
In some corners of the personal finance advice world, getting into debt is just about the worst thing you can do. And yes, some forms of debt — particularly those that charge high interest rates — can keep you locked in a cycle of owing money for years. Still, there are times where taking on…
(Reuters) – Former Amazon.com Inc executive Jay Carney will join Airbnb as policy and communications head, the holiday rental hosting firm said on Friday. Carney, who worked at Amazon for seven years, will start at Airbnb in September and report to co-founder and CEO Brian Chesky. He will be based in Washington. At Amazon, Carney…
