By Saeed Azhar, Sinead Cruise and Selena Li NEW YORK/LONDON/HONG KONG (Reuters) -Goldman Sachs began laying off staff on Wednesday in a sweeping cost-cutting drive, with around a third of those affected coming from the investment banking and global markets division, a source familiar with the matter said. The long-expected jobs cull at the Wall…
By Nelson Renteria SAN SALVADOR (Reuters) – El Salvador, which became the first country in the world to recognize bitcoin as a legal tender two years ago, approved on Wednesday a law that would regulate the issuance of other digital assets by both the state and private entities. The bill, backed by ruling party lawmakers…
By David Shepardson, Rajesh Kumar Singh and Abhijith Ganapavaram WASHINGTON/CHICAGO (Reuters) -The U.S. aviation sector was struggling to return to normal on Wednesday following a nationwide ground stop imposed by the Federal Aviation Administration (FAA) over a computer issue that forced a 90-minute halt to all U.S. departing flights. More than 8,775 flights have been…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. U.S. inflation will set off the global market fireworks on Thursday and beyond, but there are a couple of other potential rockets that could spark Asian markets into life before that – Chinese and Indian inflation data. China,…
(Reuters) – Twitter Inc said on Wednesday that there was no evidence that data recently being sold online was obtained by exploiting a vulnerability in the company’s systems. Twitter said the data of 5.4 million of the accounts had been compromised by a bug it discovered early last year, which it previously fixed and disclosed…
By Diane Bartz WASHINGTON (Reuters) – Google parent Alphabet filed on Wednesday a redacted version of its motion to dismiss a U.S. government lawsuit against it, which argued that the company broke antitrust law to maintain its monopoly in search and search advertising. The filings on Wednesday show that the company is mounting a vigorous…
By David Shepardson, Rajesh Kumar Singh and Abhijith Ganapavaram WASHINGTON/CHICAGO (Reuters) -U.S. flights were slowly resuming departures and a ground stop was lifted after the Federal Aviation Administration (FAA) scrambled to fix a system outage overnight that had forced a halt to all U.S. departing flights. More than 7,300 flights were delayed and 1,100 canceled…
By Dietrich Knauth and Tom Hals NEW YORK/WILMINGTON, Del. (Reuters) -Crypto exchange FTX has recovered more than $5 billion in liquid assets but the extent of customer losses in its collapse is still unknown, an attorney for the bankrupt company founded by Sam Bankman-Fried said on Wednesday. The company, which was valued a year ago…
(Reuters) – Activist hedge fund Bluebell Capital Partners shows no sign of halting its run of challenging the policies and executives of some of the world’s biggest companies. The group has taken on the likes of GSK Plc, Glencore Plc, Vivendi SE and Danone SA while owning minor stakes, as well as attempting to oust…
By Daniel Wiessner (Reuters) – Tesla Inc has suffered another setback in its bid to challenge the powers of California’s Civil Rights Department, which is suing the electric carmaker over alleged race discrimination at its flagship assembly plant. A judge in Oakland, California, in a tentative ruling late Tuesday dismissed Tesla’s counter-suit claiming the agency…
