Meta mulls reducing money it gives news organizations – The Information
(Reuters) – Meta Platforms is considering reducing the money it gives news organizations as it reevaluates the partnerships it struck over the past few years, The Information reported on Monday, citing people familiar with the matter.
Disney to provide next streaming gauge after Netflix retreat
By Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co‘s streaming TV business will face scrutiny on Wednesday from investors who are re-evaluating the media industry’s aggressive shift from cable television to online video subscriptions.
Siemens Gamesa starts to install new generation of wind turbines in Brazil -executive
SAO PAULO (Reuters) – Siemens Gamesa has begun installing a new generation of machines for onshore wind power in Brazil, Felipe Ferres, the companys general director in the country told Reuters on Monday.
Exclusive-German gas importer VNG to transfer euros to Russia for payment
By Tom Käckenhoff and Christoph Steitz DUESSELDORF (Reuters) – Germany‘s VNG will transfer euro payments for Russian gas to Gazprombank in the future and expects no problems during a conversion to roubles, it said on Monday, meeting Moscow’s key demands under a fresh payment scheme.
AMC beats revenue estimates as ‘Batman’ drives box-office collection
(Reuters) -AMC Entertainment beat Wall Street expectations for first-quarter revenue on Monday, as the release of big-ticket films such as “The Batman” drew crowds to movie halls, driving a surge in box-office collections at the theater chain.
Bitcoin falls 7.8% to $31,333
(Reuters) – Bitcoin dropped 7.81% to $31,333.41 at 20:03 GMT on Monday, losing $2,655.98 from its previous close.
Inflation, Ukraine war seen as chief financial risks -Fed report
(Reuters) – High inflation, volatility in stock and commodity markets and the war in Ukraine have emerged as the chief risks to the U.S. financial system, the Federal Reserve reported on Monday in a biannual update on financial stability that warned of a system poised for
EM economic growth to slow sharply this quarter -JPMorgan
NEW YORK (Reuters) – Economic growth in emerging markets is set to slow “sharply” this quarter weighed by China, Russia and the spread of tighter monetary conditions, JPMorgan analysts said on Monday.
U.S. trucking downturn puts pressure on independent operators -Uber Freight
By Tina Bellon (Reuters) – A continued decline in on-demand trucking prices risks squeezing out tens of thousands of small operator-owned trucking companies that rushed into the market when rates were surging earlier this year, Uber Technologies Incs head of freight said.
Egan-Jones backs 4 of Macellum‘s dissident board director candidates at Kohl’s
By Svea Herbst-Bayliss NEW YORK (Reuters) – Proxy advisory firm Egan-Jones recommended that Kohl Corp shareholders elect four of the 10 board nominees nominated by activist investment firm Macellum Advisors as the department store considers selling itself.
Bostic says inflation may cool faster, leaving less for Fed to do
By Howard Schneider (Reuters) – Atlanta Federal Reserve President Raphael Bostic on Monday said he expects the U.S. central bank will need to deliver two or three more half-percentage-point interest rate hikes but nothing bigger to bring high inflation down, noting that he already sees signs
Ethiopias state telecom launches 5G services in capital
By Dawit Endeshaw ADDIS ABABA (Reuters) – State-owned operator Ethio Telecom launched a 5G mobile phone service on Monday in a key step ahead of competition from new entrants in an industry that has been closed for international players.
Blue Apron results miss Wall Street expectations on higher costs
NEW YORK (Reuters) – Blue Apron Holdings Inc reported a bigger-than-expected loss, as a drop in orders per customer and higher food and labor costs hurt the online meal kit companys bottom line.
Lufthansa to buy seven Boeing passenger aircraft, 10 cargo planes
BERLIN (Reuters) – Germanys Deutsche Lufthansa said it would buy seven Boeing 787-9 passenger aircraft and 10 cargo planes made by the U.S. planemaker.
Profit at Italys BPER falls less than expected as loan writedowns shrink
MILAN (Reuters) – Italys fifth-largest lender BPER Banca on Monday reported a smaller-than-expected drop in first quarter profit helped by higher revenues and lower loan writedowns.
Inflation eating into Gold Fields Chile project, CEO says
By Promit Mukherjee and Helen Reid CAPE TOWN (Reuters) – Surging inflation is eating into gold miner Gold Fields contingency cost buffer for its Salares Norte project in Chile, Chief Executive Officer Chris Griffith said on Monday, adding that the South Africa-listed company is seeing at
Zimbabwe suspends bank lending in bid to arrest currency decline
The devaluation of theZimbabwedollar's black market exchange rate, which is used in most financial transactions in the economy, has been driving up inflation.
IKEA stores owner Ingka to pay Russia staff through August
By Anna Ringstrom STOCKHOLM (Reuters) – IKEA stores owner Ingka Group has extended the period it will pay around 12,000 staff in Russia by three months, through August, and may continue to pay workers beyond that, its retail manager said in an interview.
Germanys conservatives lead in first exit poll in Schleswig-Holstein state
BERLIN (Reuters) – Former Chancellor Angela Merkels conservatives (CDU) looked set to make a clear win a regional election in the northern state of Schleswig-Holstein on Sunday, in a boost to the party which was ousted from national government in federal elections last year.
U.S. imposes sanctions on 27 Gazprombank executives, Russian TV stations
By Jeff Mason and Steve Holland WILMINGTON, Del. (Reuters) – The United States on Sunday unveiled sanctions against three Russian television stations, banned Americans from providing accounting and consulting services to Russians, and sanctioned executives from Gazprombank to punish Moscow for its invasion of Ukraine.