By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -Australian developer Lendlease will cut about 740 jobs globally, or roughly 10% of its workforce, according to an internal memo on Tuesday seen by Reuters. The bulk of the cuts will be in the company’s international operations, according to the memo. Lendlease has roughly 7,800 employees across…
By Valerie Volcovici BEIJING (Reuters) – U.S. climate envoy John Kerry said it was “imperative that China and the United States make real progress” in the four months before U.N.-sponsored climate talks begin in Dubai, as waves of extreme heat and rainfall hit large parts of the globe. While Kerry met his counterpart Xie Zhenhua…
By Liangping Gao, Ellen Zhang and Kevin Yao BEIJING (Reuters) – China is entering an era of much slower economic growth, raising a daunting prospect: it may never get rich. Whether the world’s second-largest economy chugs ahead at 3-4% annually or flirts, as some economists expect, with Japan-like “lost decades” of stagnation, it looks set…
(Reuters) -Coinbase Chief Executive Brian Armstrong will meet privately with a group of U.S. House of Representatives Democrats on Wednesday morning and plans to make remarks on the future of digital asset legislation. The meeting comes as Coinbase and Binance – two of the world’s largest crypto exchanges – are grappling with lawsuits brought by…
SYDNEY, July 18 (Reuters) – Australia’s central bank decided to keep interest rates steady this month as policy was clearly restrictive and there was a risk a squeeze on household finances could lead to a sharp downturn and higher unemployment. However, the bank retained a warning that some tightening may still be required to bring…
A ‘financial whale’ has been sighted in the waters of the stock market, and it’s splashing around Freeport-McMoRan, signaling a storm of bullish activity might be brewing. Freeport-McMoRan (NYSE:FCX) isn’t your average company. It mines the depths of the earth, extracting copper, gold, and molybdenum. Think of copper as the lifeblood of the modern world,…
By Nandita Bose WASHINGTON (Reuters) -President Joe Biden and Senator Bernie Sanders met with young labor organizers from Starbucks and Minor League Baseball among others at the White House on Monday as a growing number of worker strikes grip the country. After decades of declining union membership, organized labor is witnessing a resurgence in the…
By Anirban Sen NEW YORK (Reuters) -Microsoft Corp is in talks about an extension of its acquisition contract with video game maker Activision Blizzard, which is set to expire on Tuesday, so the parties can overcome the remaining regulatory hurdles to their $69 billion deal, a person familiar with the matter said on Monday. The…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Another day, another whoosh higher on Wall Street, but the double whammy of gloomy news from China on Monday is spoiling the party in Asia, and regional markets could struggle again on Tuesday. Data on…
By Michelle Nichols and Guy Faulconbridge UNITED NATIONS/MOSCOW (Reuters) -A deal allowing the safe Black Sea export of Ukraine’s grain for the past year expired on Monday after Russia quit and warned it could not guarantee the safety of ships in a move the United Nations said would “strike a blow to people in need…
