NEW YORK (Reuters) – Mondelez International’s Europe president said Thursday that the Milka chocolate bar-maker was being “singled out and treated differently” from rival companies that are also continuing to sell food and drinks in Russia, according to a memo seen by Reuters. In the memo titled “A note on Nordics/Russia” sent to employees Thursday,…
KYIV (Reuters) -Ukrainian forces are advancing in southern sectors of their counter-offensive against Russian occupation troops, Ukrainian military officials said on Friday. The latest report on the counter-offensive, as well as an account of “desperate resistance” by Russian troops in the east, was issued as President Volodymyr Zelenskiy said movement in the counter-offensive was “the…
(Reuters) – Electric-vehicle startup Faraday Future Intelligent Electric said on Friday it was planning a reverse stock split for a broader range of financing opportunities. The reverse stock split proposal includes a range between 1-for-2 and 1-for-90 shares of outstanding common stock. The final ratio will be determined by the Board following stockholder approval. The…
By Robertson Henry KINGSTOWN (Reuters) – Humanitarian aid to Haiti will need to take into account the influence of heavily armed gangs who control large parts of the country, the president of a regional bloc said ahead of planned talks with the European Union next month. “If anybody wants to deliver humanitarian assistance to Haiti,…
(Reuters) – Cryptocurrency infrastructure provider Wyre is winding down, feeling the pinch of dwindling interest in a market that was once hailed as the next frontier of finance. The decision, announced in a tweet on Friday, comes months after online checkout company Bolt Financial scrapped its planned $1.5 billion purchase of Wyre. Since then, the…
By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Friday granted preliminary approval to Deutsche Bank’s $75 million settlement with victims of Jeffrey Epstein who accused the bank of facilitating the late financier’s sex trafficking. U.S. District Judge Jed Rakoff in Manhattan said the settlement appeared “fair, reasonable, and adequate.” He scheduled an Oct….
By Jonathan Allen and Joseph Ax (Reuters) -A jury on Friday found Robert Bowers guilty of dozens of federal hate crimes for the killing of 11 worshippers at Pittsburgh’s Tree of Life synagogue in 2018, the deadliest antisemitic attack in U.S. history. Bowers, 50, now faces the penalty phase of his trial at the U.S….
(Reuters) – Nikola said on Friday it would lay off a total of 270 employees, as the electric-truck maker looks to cut costs and sharpen its focus on the North American marketplace. Several firms have narrowed their focus on core markets after the U.S. Federal Reserve’s monetary policy tightening created tough economic conditions and prompted…
By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials struck a hawkish tone in their first comments since the central bank held the policy interest rate steady at its meeting this week but signaled that rate hikes will likely resume. “Core inflation is not coming down like I thought it would,” Federal Reserve Gov. Christopher…
By Helen Coster NEW YORK (Reuters) – Publisher Gannett plans to include generative artificial intelligence in the system it uses to publish stories as it and other news organizations begin to roll out the popular technology that may help save money and improve efficiency. But the largest U.S. newspaper publisher with over 200 daily outlets…
