(Reuters) – Spotify Technology SA said on Monday it would cut 200 jobs from its podcast unit in its second round of layoffs, as the company restructures the business after years of heavy investment. The move affects about 2% of the music-streaming giant’s workforce and aligns Spotify with the likes of Meta Platforms and Roku,…
By Lananh Nguyen NEW YORK (Reuters) -JPMorgan Chase & Co CEO Jamie Dimon does not intend to run for office, the company said, after speculation in recent days about his potential political aspirations. “As he has said in the past, Jamie has no plans to run for office,” the company said in a statement. “He is…
MILAN (Reuters) – Italy’s government has no need to directly invest in Stellantis as the carmaker is doing well, Economy Minister Giancarlo Giorgetti suggested on Monday, echoing similar comments made last week by the group’s chairman. Asked by reporters whether Rome should take a stake in Stellantis to have more say in its management, Giorgetti…
MEXICO CITY (Reuters) – Mexico’s headline inflation likely slowed for a fourth consecutive month in May, a Reuters poll on Monday showed, backing views that the central bank will hold its benchmark rate while price growth comes down to within its target range. The median forecast of 10 analysts sees annual headline inflation MXCPHI=ECI in…
By Tim McLaughlin (Reuters) – The CEOs of America’s biggest oil companies were paid a lot more in the first year of the COVID crisis than initially estimated, thanks to stock-heavy compensation packages that have since soared in value, according to an examination of pay disclosures over three years. The pandemic, with lockdowns the norm,…
By Tim McLaughlin (Reuters) – The CEOs of America’s biggest oil companies were paid a lot more in the first year of the COVID crisis than initially estimated, thanks to stock-heavy compensation packages that have since soared in value, according to an examination of pay disclosures over three years. The pandemic, with lockdowns the norm,…
RIYADH (Reuters) – Venezuelan President Nicolas Maduro arrived in Saudi Arabia on Monday, state media reported, as the kingdom continues to expand its diplomatic outreach beyond traditional Western alliances. Maduro was received at the airport of the Saudi Red Sea city of Jeddah by Deputy Governor of Mecca region Prince Badr bin Sultan and other…
By Shubham Batra (Reuters) – Regional bank executives buying shares in their own companies hit a three-year high in the United States during the second quarter of 2023 as they rushed to restore investor confidence in their firms following the collapse of Silicon Valley Bank. Such a buying frenzy was last witnessed in the first…
FRANKFURT (Reuters) – The European Central Bank still needs several more interest rate hikes to rein in inflation and it is not certain that rates could peak this summer, Bundesbank President Joachim Nagel said on Monday. The ECB has raised rates at the fastest pace on record in the past year after inflation hit double-digit…
(Reuters) – The United States issued new Russia-related sanctions on Monday, the Treasury Department’s website showed. The sanctions target seven Russian individuals and one Russian entity, the website showed. (Reporting by Rami Ayyub; Editing by Tim Ahmann)
