Biden should sanction Huawei Cloud, other Chinese firms -senators
By David Shepardson WASHINGTON (Reuters) – A group of nine Republican senators on Tuesday urged the Biden administration to impose…
Business
Biogen trims pipeline programs to cut costs, focus on Alzheimer’s drug launch
By Sriparna Roy and Bhanvi Satija (Reuters) – Biogen Inc said on Tuesday it will pause or discontinue at least…
US default on debt would trigger an ‘economic catastrophe’ – Yellen
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday warned that failure by Congress to raise…
Citigroup defends revamp as shareholders complain about sluggish stock
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup Inc’s chairman John Dugan defended the company’s efforts to fix its regulatory problems…
Crypto must end anonymity for illicit finance, U.S. regulator says
By Huw Jones LONDON (Reuters) -Anonymity is allowing crypto assets to finance illegal activities, a top U.S. regulatory official said…
Retailer Carrefour confident as Q1 sales growth accelerates
By Dominique Vidalon PARIS (Reuters) -Carrefour, Europe’s largest food retailer, said on Tuesday it was confident of more profit and…
Global retailers seek new ways to lure in shoppers as spending slows
By Helen Reid and Corina Pons BARCELONA (Reuters) -Europe’s cost of living crisis has benefited discount retailers but mid-market names…
Kering sales edge up 1%, lagging rivals
By Silvia Aloisi PARIS (Reuters) – Sales at French luxury group Kering rose by just 1% in the first quarter,…
First Republic Bank exploring up to $100 billion in asset sales – Bloomberg News
(Reuters) – Troubled lender First Republic Bank is exploring an asset sale of up to $100 billion, Bloomberg News reported…
Mexico’s Volaris expects to operate under top safety rating in Q4 – CEO
MEXICO CITY (Reuters) – Mexican airline Volaris expects to operate under the U.S. Category 1 aviation safety rating in the…