By Oliver Hirt and Noele Illien (Reuters) – UBS is weighing cutting tens of thousands of jobs following its emergency takeover of Credit Suisse, as the Swiss bank leans towards keeping the domestic operations of its fallen rival, according to a person familiar with the discussions. UBS could axe around 30% of its combined workforce,…
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) -Bank of Japan (BOJ) Governor Kazuo Ueda on Wednesday said the central bank would see good reason to shift monetary policy if it became “reasonably sure” that inflation would accelerate into 2024 after a period of moderation. The BOJ expected inflation to slow “for a while”…
By Eric Onstad LONDON (Reuters) – Hyphen Trading Ltd, owned by property and metals tycoons the Reuben brothers, has demanded $8.4 million in damages from commodity trader Trafigura in a claim linked to an ongoing alleged nickel fraud case, a court document showed. Earlier this month, England’s court website showed that London-based Hyphen Trading filed…
PRAGUE (Reuters) – The lower house of the Czech parliament gave strong backing to a defence treaty with NATO ally the United States on Wednesday in an initial reading, signalling the agreement would be ratified in the coming weeks or months. The Defence Cooperation Agreement (DCA) sets a framework for a potential U.S. military presence…
By Paul Sandle LONDON (Reuters) -Activision Blizzard said its studio that developed “Call of Duty” would set up shop in Barcelona, putting into action its pledge to invest in Europe after Brussels approved Microsoft’s $69 billion acquisition of the company in May. The U.S. company said on Wednesday its game developer Infinity Ward, which created…
PARIS (Reuters) -Stellantis has informed unions and local officials of its plans to end operations at its manual gearbox production site in Vienna-Aspern in Austria, a company spokesperson said on Wednesday. The Italian-French carmaker will now engage in discussions on how to support the 300 employees at the mechanical gearbox plant, the spokesperson added. Demand…
PARIS (Reuters) -Stellantis has informed unions and local officials of its plans to end operations at its manual gearbox production site in Vienna-Aspern in Austria, a company spokesperson said on Wednesday. The Italian-French carmaker will now engage in discussions on how to support the 300 employees at the mechanical gearbox plant, the spokesperson added. Demand…
(This June 27 story has been corrected to say that Versanis drug was licensed from Novartis in paragraph 19) By Deena Beasley SAN DIEGO (Reuters) – New data on weight loss drugs that could compete with Novo Nordisk’s Wegovy are raising expectations there will soon be more options, and possibly lower prices, in an estimated…
HAVANA (Reuters) – The defense ministers of Cuba and Russia discussed the development of joint “technical military” projects this week at a meeting in Moscow, according to media reports and Russia’s defense ministry, just days after mercenaries marched towards the Russian capital. The longtime political allies – both subject to U.S. sanctions – have sharply…
(Reuters) -Bankrupt FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange, the Wall Street Journal reported on Wednesday citing CEO John Ray. The company “has begun the process of soliciting interested parties to the reboot of the FTX.com exchange,” Ray said, according to the Journal’s report. The failed crypto company has…
