Lebanon economic crisis worsened by vested interests, IMF says
By Maya Gebeily BEIRUT (Reuters) -Lebanon’s financial crisis has been aggravated by vested interests resisting crucial reforms, the International Monetary…
Updated
Audi names Volkswagen strategy chief Doellner as new CEO
FRANKFURT (Reuters) -Volkswagen’s Audi named the German group’s strategy chief as its new CEO on Thursday, as the luxury carmaker…
Sri Lanka targets 30% haircut for international, domestic dollar bonds
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka is asking international bondholders to take a 30% haircut and is seeking similar…
H&M shares jump 17% as summer collection boosts profit
By Marie Mannes STOCKHOLM (Reuters) -Fashion retailer H&M’s shares jumped more than 17% on Thursday after its second-quarter profit beat…
Recession bets rise in Canada as sticky inflation points to higher rates
By Fergal Smith and Steve Scherer TORONTO (Reuters) – The Bank of Canada’s move to come off the sidelines after…
Canopy Growth closes sale of California facility amid liquidity worries
(Reuters) -Pot producer Canopy Growth said on Thursday it has completed the sale of its facility in Modesto, California as…
Apple seeks to fend off EU antitrust charge triggered by Spotify at hearing
By Foo Yun Chee BRUSSELS (Reuters) -Apple will on Friday seek to fend off a revised EU antitrust charge and…
Macquarie to divest U.S. port terminal operator Ceres
(Reuters) -Australian financial conglomerate Macquarie Group said on Thursday it would divest its U.S.-based port terminal operator Ceres Terminals, with…
Israel’s Herzog to address joint meeting of US Congress on July 19
By Rami Ayyub WASHINGTON (Reuters) -U.S. lawmakers on Thursday invited Israel’s president to address a joint meeting of Congress on…
Eli Lilly to buy Sigilon Therapeutics to expand diabetes treatments
(Reuters) – Eli Lilly and Co said on Thursday it will acquire all the shares of Sigilon Therapeutics that it…