(Reuters) -Deloitte will cut around 1,200 jobs or 1.5% of its U.S. workforce, the Financial Times reported on Friday, citing internal employee communications. The layoffs at the auditing firm will be higher in areas such as the financial advisory business, which has been affected by a slump in merger and acquisition activity, the newspaper said….
By Danilo Masoni and Joice Alves MILAN/LONDON (Reuters) -Short-sellers that bet against European banks are set to lose a billion dollars in April after anticipation of strong quarterly earnings helped the sector to recover from the shock downfall of Credit Suisse. Investors who set up bearish trades in the belief the sector’s stock prices would…
By Chris Mfula LUSAKA (Reuters) – Zambia’s official creditors are close to signing a memorandum of understanding on debt relief, Finance Minister Situmbeko Musokotwane said on Friday. Zambia became the first African country to default on its sovereign debt during the COVID-19 pandemic in 2020, but it has struggled to finalise restructuring talks on external…
By Andrew MacAskill, Alistair Smout and Sachin Ravikumar LONDON (Reuters) -British Deputy Prime Minister Dominic Raab resigned from the government on Friday after an independent report found he had bullied officials, the latest scandal to force out one of Prime Minister Rishi Sunak’s top ministers. The loss of a third senior minister over their personal…
By Deena Beasley and Julie Steenhuysen (Reuters) – Eli Lilly and Co expects the U.S. Medicare health plan to back down from strict coverage limits on new Alzheimer’s drugs as more evidence emerges in coming weeks showing that clearing amyloid brain plaques can help patients, a company executive told Reuters. Lilly plans to release results…
By David Stanway SINGAPORE (Reuters) – Volunteers in dozens of countries were set to plant trees, clean up trash and urge governments to do more to combat climate change to mark Earth Day, as scientists warn of more extreme weather and record temperatures this year. The run-up to the 54th annual celebration of the environment,…
By Liliana Salgado PHOENIX, Arizona (Reuters) – A nursery in Phoenix, Arizona, is treating some of the most vulnerable victims of the long-running U.S. opioid crisis: newborn babies. The facility treats babies with neonatal abstinence syndrome (NAS), a condition similar to withdrawal that develops when babies essentially become addicted to drugs their mothers use during…
By Kirsty Needham SYDNEY (Reuters) -Australia will outline its defence plans on Monday, and its leaders are previewing a more assertive posture – in which it can strike farther, faster – while working with mid-size allies to reduce tensions as the United States and China square off. The Labor government of Anthony Albanese will lay…
A look at the day ahead in U.S. and global markets from Mike Dolan The signal is still lost in an awful lot of noise. Just when it looked like signs of a recessionary downturn were finally emerging in U.S. economic and earnings updates, European business seems to have picked up considerable steam this month…
LONDON (Reuters) – British Deputy Prime Minister Dominic Raab resigned on Friday following an independent investigation into allegations that he bullied colleagues. WHAT DOES THE BULLYING INVESTIGATION REPORT SAY? A 48-page report by lawyer Adam Tolley lays out the findings into more than a dozen complaints about Raab’s behaviour. Tolley’s conclusions focus on three sets…
