Dropbox to cut workforce by 16%, hire new talent for AI-powered products
(Reuters) – Cloud storage provider Dropbox Inc said on Thursday it would reduce its global workforce by 16% to cut…
Economy
Stellantis’ Tavares: no intention of starting a price war with Tesla
PARIS (Reuters) – Car maker Stellantis has no intention of starting a price war with Tesla, its CEO Carlos Tavares…
US pending home sales slump unexpectedly in March
(Reuters) – Contracts to buy U.S. previously owned homes tumbled unexpectedly in March to snap a three-month rebound, raising a…
Barclays beats profit expectations on U.S. credit card boom
By Lawrence White and Iain Withers LONDON (Reuters) -Barclays reported better than expected first-quarter profit of 2.6 billion pounds ($3.24…
Russian rouble steadies on eve of central bank rate decision
By Alexander Marrow (Reuters) – The rouble steadied on Thursday, with the market looking ahead to Friday’s interest rate decision,…
AstraZeneca beats estimates on strong emerging market sales as COVID wanes
By Natalie Grover and Maggie Fick LONDON (Reuters) -AstraZeneca on Thursday beat expectations for first-quarter profit and revenue, as buoyant…
China regulator to help lower financing costs of small businesses
BEIJING (Reuters) – China’s banking and insurance regulator said it would enhance credit support and lower the actual financing costs…
Sri Lanka’s economy to shrink by 2% in 2023 – central bank
((This story has been corrected to add the word ‘contraction’ in the IMF estimate and change year to 2023, not…
China brokerage CITIC posts 3.6% rise in Q1 profit
BEIJING/SHANGHAI (Reuters) – CITIC Securities Co, China’s biggest brokerage, reported a 3.6% rise in first-quarter profit on Thursday, thanks to…
Spain cuts 2024 budget deficit target to 3% of GDP
MADRID (Reuters) – The Spanish government intends to lower the budget deficit to the equivalent to 3% of gross domestic…