(Reuters) -Microsoft Corp said on Wednesday it will not raise salaries for full-time employees this year, citing tough economic conditions, but will continue with its bonuses, stock awards and promotions. The company, which is now squarely focused on the lucrative generative AI, had in January decided to let go 10,000 employees, joining other technology companies…
By Michael Holden LONDON (Reuters) -The publisher of a British tabloid has apologised to Prince Harry for unlawfully seeking information about him, at the start of a lawsuit the royal is bringing over alleged “industrial-scale” phone-hacking in which he is due to give evidence. Harry, 38, and some 100 celebrities including actors, sports stars, singers…
(Reuters) -Billionaire Carl Icahn’s holding company said on Wednesday it was contacted by U.S. prosecutors, and it posted a surprise quarterly loss, sending its shares down 15% in the latest blow to the activist investor’s efforts to defend his empire from a wave of short selling days after a report by Hindenburg Research. It was…
BERLIN (Reuters) – With China and the U.S. fixated on each other, Europe is at risk of being paralysed in between and needs to steer its own agenda, German Economy Minister Robert Habeck said on Wednesday. “If we had to choose between the U.S. and China, we would have extreme problems,” Habeck said as he…
PARIS (Reuters) – The French economy is set to grow slightly in the second quarter when compared to the previous one, the country’s central bank said on Wednesday, as activity across sectors picked up steam. The Bank of France said companies polled in its monthly business sentiment survey reported activity in April was stronger than…
By Rajesh Kumar Singh CHICAGO (Reuters) – Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the “new normal” as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes. Even as the thirst for travel remains strong, the changing trends…
By Nichola Groom (Reuters) – The Navajo Nation has withdrawn support for a Biden administration plan to stop new oil and gas drilling near a sacred site in New Mexico, saying its members could lose potential income tied to those resources. The move puts the tribe at odds with New Mexico’s Pueblo nations who support…
By Sergio Goncalves LISBON (Reuters) -The European Central Bank’s key interest rate is approaching its peak but further adjustments are still necessary, ECB Governing Council member Mario Centeno said on Wednesday, adding he expected rates to start easing at some point during next year. “We must be approaching the terminal rate,” he told a press…
(Reuters) – Russia’s federal budget recorded a 3.4 trillion rouble ($43.8 billion) deficit in the first four months of the year, the finance ministry said on Wednesday, as Moscow continued to spend heavily and energy revenue fell sharply. In the same period of 2022 Russia posted a surplus of 1.2 trillion roubles, but since then…
By Karin Strohecker, Jorgelina do Rosario and Ariba Shahid LONDON/KARACHI (Reuters) -The political crisis engulfing Pakistan is eroding hopes that the South Asian country can get its much needed programme with the International Monetary Fund back on track soon and escape a full-blown debt crunch, analysts said. Deadly clashes between supporters of Imran Khan and…
