TuSimple to restructure US business, lay off 30% staff (May 18)
(This May 18 story has been corrected to say that the company will reduce its global workforce by 30%, not…
May 19, 2023
US military leak suspect got offer to bolster intelligence skills
By Tim McLaughlin WORCESTER, Massachusetts (Reuters) – Superiors of the U.S. Air National Guardsman accused of leaking military secrets offered…
Air strikes hammer Khartoum as army chief drops RSF foe from Sudan council
KHARTOUM (Reuters) -Sudan’s capital Khartoum and sister city Bahri came under renewed air attack on Friday as the war between…
Yellen told bank CEOs more mergers may be necessary, CNN reports
By Doina Chiacu and David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told bank CEOs on Thursday that more…
Factbox-New sanctions imposed on Russia so far as G7 leaders meet
By Daphne Psaledakis WASHINGTON (Reuters) – The United States, Canada and the United Kingdom issued fresh sanctions on Russia on…
Morgan Stanley CEO Gorman To Hand Reins To Successor Within A Year
By Tatiana Bautzer, Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Morgan Stanley’s James Gorman plans to step down…
Instagram prepares Twitter competitor for summer release – Bloomberg News
(Reuters) – Meta Platforms’ Instagram is planning to release a text-based app that will compete with Twitter and may debut…
US imposes sanctions on hundreds of targets in fresh Russia action
By Daphne Psaledakis and Simon Lewis WASHINGTON (Reuters) -The United States on Friday announced sanctions on more than 300 targets…
Catalent cuts forecast, delays results again as challenges mount
By Bhanvi Satija and Pratik Jain (Reuters) -Contract drug manufacturer Catalent Inc on Friday slashed its full-year forecasts for profit…
Inflation fight risks central banks’ credibility and autonomy, BIS warns
By Marc Jones LONDON (Reuters) – The credibility and independence of central banks around the world is at risk if…