By Supantha Mukherjee, Martin Coulter and Joan Faus BARCELONA (Reuters) – A clash between Big Tech and European Union telecoms firms over who will underwrite network infrastructure is set to dominate discussion at the world’s largest telecoms conference this week. More than 80,000 people, including tech executives, innovators, and regulators, are set to descend on…
LONDON (Reuters) – Global asset managers controlling trillions of dollars are failing to invest in a way that will protect climate, biodiversity and people, despite efforts by the industry to promote its sustainable finance credentials, the corporate responsibility group ShareAction said on Sunday. Investment strategies which consider environmental, social and governance (ESG) risks, or invest…
PARIS (Reuters) – French defence and technology group Thales plans to hire 12,000 new staff this year as there is strong demand across its product range, CEO Patrice Caine said in an interview with French weekly Le Journal du Dimanche. He said that over the past eight years Thales, which has total staff of 80,000…
(Reuters) – Elon Musk’s Twitter Inc laid off dozens of employees on Saturday in what is at least the eighth round of job cuts since Musk took over the social network in late October, the Information reported. The job cuts impacted multiple engineering teams, including those supporting advertising technology, the main Twitter app as well…
TOKYO (Reuters) – Japan must spread the momentum of wage growth across the country to conquer rising inflation as annual labour negotiations wrap up next month, Prime Minister Fumio Kishida said on Sunday, with backing from a major business lobby. For years wages have been slow to grow in Japan as cautious firms hoarded a…
By Rhea Binoy and Jose Joseph (Reuters) – Blackstone Inc Chief Executive Officer Steve Schwarzman took home about $1.26 billion in pay and dividends for 2022, a regulatory filing showed. Schwarzman received more than $1 billion in dividends from his Blackstone shares and $253.1 million in compensation, filing showed on Friday. Goldman Sachs Group Inc…
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday reported its highest-ever annual operating profit, even as foreign currency losses and rising interest rates contributed to lower earnings in the fourth quarter. Buffett called 2022 a “good year” for Berkshire in his annual shareholder letter, after the conglomerate’s dozens of businesses generated…
By Jonathan Stempel (Reuters) – Billionaire investor Warren Buffett on Saturday signaled he has lost none of his enduring confidence in the U.S. economy and his company Berkshire Hathaway Inc. In his annual letter to Berkshire shareholders, the 92-year-old Buffett urged investors to focus on the big picture over the long term, rather than higher…
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday reported its highest-ever annual operating profit, even as foreign currency losses and lower gains from investments caused fourth-quarter profit to fall. Buffett called 2022 a “good year” for Berkshire in his annual shareholder letter after the conglomerate’s dozens of businesses generated $30.8 billion…
(Reuters) – Bank of Japan (BOJ) Governor Haruhiko Kuroda on Saturday stressed anew the central bank’s resolve to maintain ultra-loose monetary policy, even as inflation continued to exceed its 2% target. Japan’s core consumer inflation hit a fresh 41-year high of 4.2% in January, data showed on Friday, keeping the central bank under pressure to…
