By Lucia Mutikani WASHINGTON (Reuters) -U.S. private payrolls fell for the first time in a year in January as soaring COVID-19 infections disrupted business operations, raising the risk of a sharp decline in employment that would deal a temporary setback to the labor market. Private payrolls decreased by 301,000 jobs last month after increasing by…
(Refiles to fix typo in lead) ZURICH (Reuters) -Former Credit Suisse chairman Antonio Horta-Osorio has been ordered to pay a fine of 2,000 Swiss francs ($2,178) after breaking COVID-19 quarantine rules, prosecutors said on Wednesday, following his resignation from the bank. The rule-breaking was an embarrassment for the former Lloyds chief executive who left on…
BRUSSELS (AP) — The European Union on Wednesday proposed including nuclear energy and natural gas in its plans for building a climate-friendly future, dividing member countries and drawing outcry from environmentalists as “greenwashing.” The green labeling system from the European Commission, the EU’s executive arm, defines what qualifies as an investment in sustainable energy in…
(Reuters) – American Airlines Group Inc said on Wednesday it has agreed to buy an additional 23 737 MAX 8 aircraft from Boeing Co by exercising existing purchase options and deferring the delivery of some 787-9 Dreamliner aircraft. The airline’s move to boost its 737 MAX fleet comes at a time when domestic travel in…
By Akash Sriram and Subrat Patnaik (Reuters) – Google-parent Alphabet Inc inched closer to joining peers Apple and Microsoft in the elite $2 trillion market valuation club as the search giant’s shares surged 10% on Thursday after another blowout quarter. The gains, if they hold, could be the biggest single-day gain for the stock since…
(Reuters) -D.R. Horton Inc on Wednesday raised its fiscal 2022 revenue forecast as it benefits from record-high home prices that helped the largest U.S. homebuilder report a stellar quarterly profit. D.R. Horton’s shares rose 3.4% before the bell as the company beat first-quarter profit estimates despite an acute shortage of properties on the market, largely…
LONDON (AP) — The British government set out plans Wednesday to shift power and wealth to the left-behind regions of the country, a long-standing promise to the working-class voters who helped put Prime Minister Boris Johnson in office. The announcement came as Johnson tries to turn the page on allegations of pandemic rule-breaking that have…
By Nivedita Balu and Danielle Kaye (Reuters) – The holidays were a gift to Alphabet Inc’s Google, quarterly results showed. Next up: Facebook owner Meta Platforms Inc. Alphabet’s internet advertising, cloud computing and hardware businesses helped the Google owner soundly beat Wall Street targets for the holiday quarter, sending shares up as much as 9%…
FRANKFURT, Germany (AP) — Inflation fed by high oil and gas prices hit record levels in Europe for the third month in a row, extending pain for consumers and sharpening questions about future moves by the European Central Bank. The 19 countries that use the euro currency saw consumer prices increase by an annual 5.1%…
Late-night partying at clubs. Elbow-to-elbow seating in movie theaters. Going without masks in public, especially in Europe and North America: Step by step, many countries are easing their COVID-19 restrictions amid hopes the omicron wave may have passed its peak. The early moves to relax precautions, based on declining or flattening case counts in recent…
