By Chris Taylor NEW YORK (Reuters) -No matter how successful you may be – even as a founder, president, or CEO – none of us start out that way. We absorb life lessons from the people around us, very often our parents. In honor of Father’s Day, Reuters asked a few C-Suite leaders about a…
OTTAWA (Reuters) – Canadian housing starts fell 23% in May compared with the previous month as groundbreaking decreased on multiple unit and single-family detached urban homes, data from the national housing agency showed on Thursday. The seasonally adjusted annualized rate of housing starts fell to 202,494 units from a marginally revised 261,357 units in April,…
By David Lawder MANDEVILLE, Jamaica (Reuters) -World Bank President Ajay Banga wants to focus on improving the development lender so that he can earn the right to press member countries for more capital, as the new chief looks to expand its role in fighting climate change, pandemics and other crises. Banga said in an interview…
(Changes headline, lead and paragraphs 2, 8 and 9 to show plan is for production of electric motorcycles, not motorcycle batteries) MANILA (Reuters) – China’s Yadea Group Holdings, one of the world’s biggest electric two-wheeled vehicle makers, plans to invest about $1 billion in an e-motorcycle factory in the Philippines, the country’s investment promotions agency…
By Luc Cohen NEW YORK (Reuters) -U.S. prosecutors on Wednesday asked a judge to hold a separate trial for Sam Bankman-Fried, the indicted founder of now-bankrupt cryptocurrency exchange FTX, who faces new charges of foreign bribery, bank fraud and conspiracy. Prosecutors added those charges this year, after Bankman-Fried’s December 2022 extradition from the Bahamas in…
LONDON (Reuters) – A strong start to June for Sweden’s H&M and the return to profitability at online fashion retailer ASOS helped to allay concerns around a sector hit recently by weakening demand in the U.S. Signs of resilience came as a relief to investors concerned that economic uncertainty is driving shoppers in key markets…
AMSTERDAM (Reuters) – Uber said on Thursday it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share. The moves were “in line with our efforts to focus on markets where we have opportunities for sustainable growth”, a company spokesperson said. CEO Dara Khosrowshahi has said…
By John Revill ZURICH (Reuters) -Siemens will spend 2 billion euros ($2.16 billion) on a new global investment plan, the German engineering and technology group said on Thursday, as it gears up to meet increased demand triggered by global stimulus packages. Siemens will build new factories, research and development centres and training sites around the…
By Jeslyn Lerh SINGAPORE (Reuters) – Oil rebounded on Thursday after the previous day’s plunge, as data showed a jump in refinery runs at the world’s top crude importer China, though a weak economic backdrop capped gains. Brent crude futures rose 39 cents, or 0.6%, to $73.59 a barrel by 0630 GMT. U.S. West Texas…
(Reuters) -German fashion house Hugo Boss on Thursday said it expected its sales to grow more by 2025 than it had originally envisioned, citing strong demand across its markets. The company forecast sales of 5 billion euros ($5.4 billion) by 2025, compared to the previous target of 4 billion euros, which it expects to meet…
