By David Kirton and Ellen Zhang SHENZHEN, China (Reuters) – China’s largest trade expo, the sprawling Canton Fair, will be welcoming overseas attendees in person for the first time in three years from Saturday, but a soft outlook for global growth is expected to dampen the mood. The first major trade event since China abruptly…
By Arriana McLymore NEW YORK (Reuters) -Amazon.com Inc faces 18 shareholder proposals, beating its 2022 record of 15, as environmental, social and governance (ESG)-focused investors push for more changes in e-commerce giant, Amazon’s proxy statement released on Thursday shows. The proposals include a request to change Amazon’s executive compensation package, an audit to ensure that…
By David Shepardson WASHINGTON (Reuters) -The White House on Thursday asked federal agencies to revise workforce plans as it aims to “substantially increase” in-person work by government employees at headquarters offices and improve services, according to a memo seen by Reuters. The memo to executive branch agencies from White House Office of Management and Budget…
By David Lawder WASHINGTON (Reuters) – France’s development minister said on Thursday she will tell the World Bank’s expected next president, Ajay Banga, to maintain the bank’s anti-poverty mission while forging ahead with next steps by October in its evolution to fight climate change and other global crises. Chrysoula Zacharopoulou told Reuters in an interview…
By Michael S. Derby (Reuters) – Federal Reserve lending to banks eased further in the latest week, signaling that while the absolute levels of emergency credit remain high, financial sector strains which started a month ago are continuing to ease. As of Wednesday, Fed loans to banks via its discount window facility stood at $67.6…
(Reuters) – Banco Bilbao Vizcaya Argentaria, Banco Santander SA and Bank of America Corp together plan to fund Mexico’s $6 billion deal to purchase power plants from Spain’s Iberdrola, Bloomberg News reported on Thursday citing people familiar with the talks. The three lenders are among a consortium looking to finance the deal, the report said,…
(Reuters) – Washington Commanders owner Dan Snyder has reached an agreement in principle to sell the National Football League (NFL) team to a group led by the co-owner of the NBA’s Philadelphia 76ers, Josh Harris, according to a Sportico report on Thursday. The report, which sourced people familiar with the matter but who were granted…
(Reuters) -Lucid Group Inc on Thursday reported first-quarter production and delivery figures that were lower than the preceding three months, in line with its guidance of weak production this year. The luxury electric car-maker produced 2,314 vehicles and delivered 1,406 in the quarter ended Mar. 31, lower than the 3,493 vehicles produced and 1,932 delivered…
DUBLIN (Reuters) – Ireland’s data regulator has one month to make an order on blocking Facebook’s transatlantic data flows, European Union regulators said on Thursday. EU regulators led by Ireland’s Data Protection Commissioner (DPC) Helen Dixon have been finalising a ban on the legal tool used by Facebook to transfer European user data because of…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased more than expected last week, further evidence that labor market conditions were gradually easing as higher borrowing costs dampen demand in the economy. The slowing momentum in the economy was underscored by other data from the Labor Department…
