NEW YORK (Reuters) – Mondelez International’s Europe president said Thursday that the Milka chocolate bar-maker was being “singled out and treated differently” from rival companies that are also continuing to sell food and drinks in Russia, according to a memo seen by Reuters. In the memo titled “A note on Nordics/Russia” sent to employees Thursday,…
By Robertson Henry KINGSTOWN (Reuters) – Humanitarian aid to Haiti will need to take into account the influence of heavily armed gangs who control large parts of the country, the president of a regional bloc said ahead of planned talks with the European Union next month. “If anybody wants to deliver humanitarian assistance to Haiti,…
(Reuters) – Cryptocurrency infrastructure provider Wyre is winding down, feeling the pinch of dwindling interest in a market that was once hailed as the next frontier of finance. The decision, announced in a tweet on Friday, comes months after online checkout company Bolt Financial scrapped its planned $1.5 billion purchase of Wyre. Since then, the…
(Reuters) – Nikola said on Friday it would lay off a total of 270 employees, as the electric-truck maker looks to cut costs and sharpen its focus on the North American marketplace. Several firms have narrowed their focus on core markets after the U.S. Federal Reserve’s monetary policy tightening created tough economic conditions and prompted…
By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials struck a hawkish tone in their first comments since the central bank held the policy interest rate steady at its meeting this week but signaled that rate hikes will likely resume. “Core inflation is not coming down like I thought it would,” Federal Reserve Gov. Christopher…
By Helen Coster NEW YORK (Reuters) – Publisher Gannett plans to include generative artificial intelligence in the system it uses to publish stories as it and other news organizations begin to roll out the popular technology that may help save money and improve efficiency. But the largest U.S. newspaper publisher with over 200 daily outlets…
By Aditya Soni and Akash Sriram (Reuters) -U.S. electric-vehicle startups saw massive weekly gains on Friday after a searing rally in their shares over the past few sessions nearly doubled the value of companies such as Nikola. The surge in EV stocks has come without any apparent news or catalyst for the companies, leading several…
(Reuters) – Insurance broker Acrisure has begun interviewing banks for an initial public offering next year which could fetch it a valuation of over $20 billion, a source familiar with the matter told Reuters on Friday. The Michigan-based company was valued at $23 billion after a private funding round last year. Public markets are seeing…
By Lewis Krauskopf and Amanda Cooper NEW YORK/LONDON (Reuters) – A gauge of global stock markets took a breather on Friday after a run to 14-month highs, while the U.S. dollar headed for its biggest weekly slide since January following a heavy week of central bank meetings around the world. The MSCI All-World index edged…
By Kylie Madry MEXICO CITY (Reuters) -Mexico will extend the deadline for cargo airlines to move operations from the capital’s main airport to a farther-away one following U.S. Transportation Secretary Pete Buttigieg’s visit to the country, Mexico’s transportation ministry said Friday. Earlier Friday, local outlet El Financiero had reported the deadline was moved to September,…
