By Huw Jones LONDON (Reuters) – Tougher accounting rules may be needed that force companies to write down goodwill faster and stop “overly optimistic” calculations, a global securities watchdog said on Thursday. Goodwill refers to the premium a company has paid for another company, above the net value of its assets. It has to be…
(Reuters) – Meta Platforms’ Oversight Board has asked the social media firm to evaluate efforts to prevent promotion of political violence on its platforms, after it allowed a video calling for violence post the 2022 Brazilian election to stay online. The board said on Thursday that Meta’s original decision to leave up the Facebook video,…
WASHINGTON (Reuters) – President Joe Biden said on Thursday he did not think his comment referring to Chinese President Xi Jinping as a dictator had undermined or complicated the U.S. relationship with China, while declining to walk back the sentiment. “The idea of my choosing and avoiding saying what I think is the facts with…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar advanced against a basket of currencies on Thursday after Fed Chair Jerome Powell backed more U.S. rate increases albeit at a “careful pace” and as a spate of interest rate hikes by several central banks fuelled concerns over the outlook for global growth. Sterling was…
By Tom Polansek CHICAGO (Reuters) – More than 200 workers who clean meat plants have unionized after their employer paid U.S. fines for hiring children to do dangerous jobs sanitizing slaughterhouses, the United Food and Commercial Workers (UFCW) International Union said on Thursday. The union said it now represents Packer Sanitation Services Inc (PSSI) employees…
By Jonathan Stempel (Reuters) -Warren Buffett has donated another $4.64 billion of Berkshire Hathaway stock to five charities, boosting his total giving since 2006 to more than $51 billion. The annual donation made on Wednesday is the 92-year-old Buffett’s largest, and consisted of about 13.7 million of Berkshire’s Class B shares. Buffett is donating 10.45…
By Jonathan Stempel NEW YORK (Reuters) -George Santos’s father and aunt were identified on Thursday as the guarantors of the indicted U.S. representative’s $500,000 bail, after Santos fought unsuccessfully to keep them anonymous. Gercino dos Santos and Elma Preven agreed to guarantee Santos’ bail, after the first-term New York congressman pleaded not guilty last month…
By Deborah Mary Sophia and Chibuike Oguh (Reuters) -Shares of Overstock.com jumped on Thursday after the online retailer won an auction for a portion of the assets of bankrupt home goods chain Bed Bath & Beyond. Overstock emerged as the winning bidder for Bed Bath & Beyond’s intellectual property and mobile platform in a deal…
(Reuters) – Electric aviation and regional air travel company Surf Air Mobility said on Thursday it expects the company’s shares to start trading on July 11, setting the stage for the first major direct listing in the United States in months. Surf Air’s shares are expected to trade on the New York Stock Exchange under…
By Joan Faus and Horaci Garcia LA MASSANA, Andorra (Reuters) -The daughter of French oceanographer Paul-Henri Nargeolet, one of five people inside a submersible missing near the Titanic wreck, said on Thursday she held hope they will be rescued but she is comforted by the knowledge that he is in the place he loved most….
