Walt Disney Co to begin second wave of layoffs, cutting several thousand jobs – sources
By Dawn Chmielewski (Reuters) -Walt Disney Co will begin a second wave of layoffs on Monday involving thousands of jobs,…
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Valentino sales up 10% in 2022 boosted by directly-owned shops
MILAN (Reuters) – Italian fashion house Valentino reported on Monday an 18% rise in core profit for 2022 as sales…
Strikes ground flights at German airports, railway walkouts to follow
BERLIN (Reuters) -Industrial action grounded dozens of flights at two major German airports on Monday as security workers and ground…
Brazil woos sceptical foreign investors with new fiscal plan
By Libby George LONDON (Reuters) -Brazil’s business and political leaders are pressing the case in Europe for investment in the…
Mexico inflation cools to lowest since Oct 2021, fueling rate cut hopes
MEXICO CITY (Reuters) -Mexican inflation slowed in the first half of April and reached its lowest level in a year…
Funds ignore Wall Street’s resilience, most bearish since 2011: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -Hedge funds remain unconvinced by Wall Street’s recovery from the March banking shock and…
China talks down already weakening iron ore amid cloudy outlook: Russell
By Clyde Russell LAUNCESTON, Australia (Reuters) -The spot price of iron ore tumbled to a four-month low as Beijing once…
Chile’s lithium nationalization shines light on emerging tech
By Ernest Scheyder SANTIAGO (Reuters) -Chilean President Gabriel Boric’s plan to nationalize his country’s immense lithium industry is putting the…
Credit Suisse lost $68 billion in assets last quarter, outflows continue
By Noele Illien ZURICH (Reuters) -Credit Suisse said on Monday that 61 billion Swiss francs ($68 billion) in assets left the…
German business sentiment improves slightly in April
By Maria Martinez BERLIN (Reuters) -German business morale rose slightly in April due to an improvement in companies’ expectations, adding…