[ad_1] H&M to cut 1,500 jobs as part of cost-cutting drive The firm is challenged by stiff competition and rising costs Books restructuring charge of $75.8 mln in fourth quarter…
Tag: PXP
Moody’s changes outlook on U.S. banking system to ‘negative’
[ad_1] March 14 (Reuters) – Ratings agency Moody’s Investors Service on Tuesday changed its outlook on the U.S. banking system to “negative” from “stable” after the collapse of three major…
Credit Suisse flags ‘material weaknesses’ in reporting, outflows not reversed
[ad_1] Delayed annual report released Auditors PwC included “adverse opinion” on bank’s internal controls Outflows “not yet reversed” ZURICH, March 14 (Reuters) – Credit Suisse (CSGN.S) said in its 2022…
Spain may cancel remaining Airbus A400M orders -sources
[ad_1] MADRID/PARIS, March 13 (Reuters) – Doubts are growing over the future of Madrid’s remaining orders for the Airbus (AIR.PA) A400M airlifter, European defence sources said on Monday, raising the…
Silicon Valley Bank collapse: What you need to know
[ad_1] March 14 (Reuters) – Shockwaves from the collapse of Silicon Valley Bank pounded global bank stocks on Tuesday as assurances from President Joe Biden and other policymakers failed to…
Volkswagen picks Canada for first battery cell plant outside Europe
[ad_1] Move comes shortly after Scout plant announcement Plant in Canada can also qualify for IRA subsidies BASF also picked Canada for EV battery materials plant WOLFSBURG, Germany, March 13…
First Republic shares dive on contagion fear, dragging U.S. regional banks
[ad_1] March 13 (Reuters) – Shares of U.S. regional banks slumped on Monday, led by sharp losses in First Republic Bank (FRC.N) as news of fresh financing failed to assuage…
Biden administration approves massive Willow oil project in Alaska
[ad_1] LOS ANGELES/WASHINGTON, March 13 (Reuters) – The Biden administration is approving a scaled-back version of ConocoPhillips’ (COP.N) $7 billion oil and gas drilling Willow project in Alaska, the U.S.…
UK’s Sunak will invite Biden to Northern Ireland peace anniversary
[ad_1] LONDON, March 12 (Reuters) – British Prime Minister Rishi Sunak will invite U.S. President Joe Biden to Northern Ireland in April to help celebrate the 25th anniversary of the…
Exclusive: Deutsche Bahn bets on Huawei for railway digitalisation despite security concerns
[ad_1] DB chooses Huawei tech for digitalisation of rail network Critics worry could allow Beijing to disrupt railway Comes amid calls to make critical infrastructure more resilient Berlin soon to…