Factbox-Layoffs pick up pace in Canada as Bell cuts 1,300 roles
(Reuters) – Canadian companies across industries have laid off thousands in recent months as a post-pandemic spending splurge fades and…
Business
Mondelez plans to separate Russia operations by year-end
(Reuters) – Oreo-maker Mondelez International said on Thursday it has scaled down operations in Russia and plans to make it…
European shares slip after ECB rate hike
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares slipped on Thursday after the European Central Bank (ECB) raised…
Kroger maintains annual targets despite quarterly profit beat, shares slip
By Granth Vanaik (Reuters) – Supermarket chain Kroger in a cautious move on Thursday reaffirmed its annual forecasts after it…
Generali to buy Liberty Mutual’s Spanish Unit in $2.5 billion all-cash deal
ROME (Reuters) -Generali will buy out the Spanish unit of U.S. insurer Liberty Mutual for 2.3 billion euros ($2.51 billion),…
Tesla: German plant reducing shifts, production targets on track
By Victoria Waldersee BERLIN (Reuters) -Tesla will hire fewer temporary workers at its plant outside Berlin than it did in…
ECB raises rates to 22-year high, in no mood to pause
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank raised borrowing costs to their highest level in…
Canada’s housing data shows recovery accelerating before rate hike
By Fergal Smith TORONTO (Reuters) – Canada’s housing market showed further signs of recovery in May following a yearlong slump,…
Italy reassessing GLAM scheme to handle state-guaranteed loans, sources say
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy is reassessing how it plans to deal with billions of…
Russian officials seek to streamline budget spending, but disagree on tax hikes
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) – Faced with a $42 billion budget hole so far this year,…