BERLIN (Reuters) – Former Bundesbank chief Jens Weidmann is to be a candidate to become chairman of Commerzbank’s supervisory board after Helmut Gottschalk decided not to stand for a new term in the role, the German bank said on Saturday. It said shareholder representatives of the Presiding and Nomination Committee had responded positively to Gottschalk’s…
By Philip Blenkinsop BRUSSELS (Reuters) – A last-minute decision to ban the sale of alcohol at Qatar’s World Cup stadiums will seriously limit Budweiser sales in the Gulf state, but will not derail its owner’s global campaign during the tournament, industry analysts said. Soccer world governing body FIFA’s announcement of the ban on Friday, just…
WASHINGTON (Reuters) – Tesla is recalling more than 321,000 vehicles in the United States because tail lights may intermittently fail to illuminate, according to a filing made public Saturday. The Texas-based electric vehicle manufacturer said the recall covers some 2023 Model 3 and 2020-2023 Model Y vehicles, according to a filing with the National Highway…
(Reuters) – Collapsed crypto exchange FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses. FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new global cash management system and payment to…
NEW DELHI (Reuters) – Tata Group-owned Air India is in talks with Boeing and Airbus about ordering new aircraft and is meeting its immediate needs by leasing planes and repairing grounded aircraft, the airline’s chief executive said on Saturday. The autos-to-steel conglomerate, which completed its purchase of Air India in January, faces an uphill struggle…
(Reuters) – Collapsed crypto exchange FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses. FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new global cash management system and payment to…
(Reuters) – Cryptocurrency exchange FTX, which recently filed for U.S. bankruptcy court protection, has fired some top executives, including co-founder Gary Wang, the Wall Street Journal reported on Friday, citing an FTX spokeswoman. Other terminated executives include engineering director Nishad Singh and Caroline Ellison, who ran FTX’s trading arm Alameda Research, the newspaper said. (Reporting…
By Hyunjoo Jin and Sheila Dang (Reuters) -Elon Musk started a Twitter poll late on Friday asking followers to vote on whether to reinstate former U.S. President Donald Trump’s account on the platform, with early results showing roughly 60% voting yes. “Vox Populi, Vox Dei,” Musk tweeted, a Latin phrase that roughly means meaning “the…
By David Shepardson WASHINGTON (Reuters) – Relatives of passengers killed in two Boeing 737 MAX crashes pressed U.S. Justice Department lawyers on Friday to unwind a 2021 deal that allowed the U.S. planemaker to escape criminal prosecution. U.S. District Judge Reed O’Connor in Texas ruled last month that people killed in two Boeing 737 MAX…
(Reuters) – Autonomous delivery vehicle maker Nuro is laying off about 20% of its workforce after admitting that rapid hiring in the past year was a mistake, the company’s co-founders wrote in an email to employees on Friday. “Laying off team members is always the last resort, but unfortunately it was needed after other options…
