BERLIN (Reuters) – German carmaker Audi is in favour of offering employees one-off tax-free payments instead of permanent wage increases, its human resources director said, as unions across Europe’s biggest economy demand higher wages in light of rising inflation. Workers’ purchasing power in Germany has already taken a hit, with consumer price inflation at 11.6%…
By JaiveerSingh Shekhawat and Mrinmay Dey (Reuters) -Hong Kong’s Cathay Pacific Airways Ltd will resume using Russian airspace on some flights, the Hong Kong-based airline said on Sunday, restarting flights it had stopped after Moscow invaded Ukraine in February. Cathay Pacific will begin flying from New York to Hong Kong using the popular “Polar route”…
(Reuters) – Hong Kong’s Cathay Pacific Airways Ltd will resume using Russian airspace on some flights, becoming the first major airline to do so since Moscow invaded Ukraine in February, Bloomberg News reported on Sunday. Cathay Pacific will fly from New York to the Asian financial hub using the so-called ‘Polar Route’ from Nov. 1,…
(Reuters) – Goldman Sachs Group Inc’s economists said the U.S. Federal Reserve could bump up interest rates to as high as 5% by March 2023, 25 basis points above its earlier predictions, Bloomberg News reported on Sunday. Goldman Sachs Chief Executive Officer David Solomon last week said the U.S. Federal Reserve could hike rates beyond…
(Reuters) – Twitter’s new owner Elon Musk fired top executives in an effort to avoid hefty severance payouts, while lining up other layoffs as soon as Saturday to avoid stock grants due on Nov. 1, according to media reports on Saturday. Musk fired Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and legal…
BEIJING (Reuters) – China’s central bank will step up credit support for the real economy while keeping the yuan basically steady, Governor Yi Gang said in comments published on Sunday, reaffirming the bank’s existing policy objectives. “We will keep liquidity reasonably ample, increase credit support to the real economy,” Yi was quoted by a central…
(Reuters) – China Southern Airlines Co Ltd has cancelled plans for two Boeing Co 737 MAX flights on Sunday that would have represented the model’s return to passenger flying in China after more than three years, according to the airline’s website. The 737 MAX was grounded in March 2019 following fatal crashes in Indonesia and…
LONDON (Reuters) – British businesses think the gloom hanging over their prospects will persist in the coming months, according to an industry survey published on Sunday. The Confederation of British Industry’s (CBI) gauge of private sector growth in the three months to October rose to -15 from -19 in the three months to September, still…
(Reuters) -Dogecoin surged more than 70% on Saturday, extending this week’s gains after Elon Musk sealed a $44-billion deal to take over Twitter last week. The Tesla Inc CEO, a vocal proponent of cryptocurrencies, has heavily influenced prices of dogecoin and bitcoin. Tesla started accepting dogecoin as payment for its merchandise early this year, and…
(Reuters) – Twitter users could in future choose a version of the social media platform they like by providing ratings on their tweets, Elon Musk, the new owner of the company, said in a tweet on Saturday. “Being able to select which version of Twitter you want is probably better, much as it would be…
