ECB must keep hiking to tame inflation ‘poison’, Deutsche Bank CEO says
BERLIN (Reuters) – The European Central Bank needs to continue raising interest rates to tame the highest inflation in decades,…
Business
From mangoes to luxury watches, Indians look to offload 2,000-rupee notes
By Siddhi Nayak and Nikunj Ohri MUMBAI/NEW DELHI (Reuters) -Indians are stepping up purchases of daily essentials, and even premium…
Uber partners with Alphabet’s Waymo to offer driverless rides
SAN FRANCISCO (Reuters) – Uber Technologies Inc will offer driverless cars on its ride-hailing and food delivery platform later this…
ECB needs several more rate hikes, Bundesbank chief Nagel says
FRANKFURT (Reuters) – The European Central Bank will need to raise interest rates “several” more times and then must hold…
Top US senator, Biden administration work to address China’s Micron chips ban
By Karen Freifeld and David Shepardson WASHINGTON (Reuters) -The U.S. Senate’s top Democrat said on Tuesday he and President Joe…
GQG raises Adani stake by nearly 10%
(Reuters) -GQG Partners has raised its stake in Gautam Adani’s conglomerate by about 10% and will take part in the…
Apple inks multi-billion-dollar deal with Broadcom for U.S.-made chips
By Stephen Nellis (Reuters) -Apple Inc on Tuesday said it has entered a multi-billion-dollar deal with chipmaker Broadcom Inc to…
PacWest shares extend gains on $2.6 billion real estate loan sale
By Niket Nishant (Reuters) -PacWest Bancorp’s shares rose nearly 13%, extending gains from the previous session driven mostly by news…
Credit Suisse managers’ 2022 bonuses cancelled or cut by Swiss government
ZURICH (Reuters) – Credit Suisse senior managers will have their outstanding bonus payments for 2022 either cancelled or reduced following…
Italy’s central bank sees sharp rise in rents amid student housing protests
By Federico Maccioni and Alvise Armellini MILAN/ROME (Reuters) – Italy is experiencing a surge in rent prices, the country’s central…