By Nivedita Balu and Shankar Ramakrishnan (Reuters) – Facebook-parent Meta Platforms said on Thursday it would make its first-ever bond offering, at a time when the social media company is making massive investments to fund its virtual reality projects…
Lufthansa ground staff agree pay deal in third round of talks
FRANKFURT (Reuters) – Ground staff of Germany’s Lufthansa and management have reached a pay deal after a third round of negotiations, the Verdi labour union said on Thursday. The pay dispute resulted in a strike last week, prompting the cancellation of…
Ukraine under pressure in east as NATO chief says Russia must not win
By Pavel Polityuk and Natalia Zinets KYIV (Reuters) – Ukraine said on Thursday it had been forced to cede some territory in the east of the country in the face of a Russian offensive, and the head of the NATO military alliance said Moscow must not be a…
EU antitrust regulators quiz developers on Google app payments – sources
(Corrects name of company to Stripe (not Stripes) in paragraph 10) By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators have asked app developers whether Alphabet unit Google’s threat to remove apps from its Play Store if they use other payment …
Credit Suisse mulls cutting thousands of jobs globally, report says
(Reuters) -Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported on Thursday, citing people familiar with the matter. Hours after the news, Fitch Ratings cut Credit Suisse’s rating and kept a negative outlook…
Italy unveils new $17.4 billion package against inflation
By Giuseppe Fonte, Angelo Amante and Giselda Vagnoni ROME (Reuters) -Italy approved on Thursday a new aid package worth around 17 billion euros ($17.4 billion) to help shield firms and families from surging energy costs and rising consumer prices. The …
Italy asks bidders to recast proposals for Ita Airways
ROME (Reuters) -Italy has asked bidders willing to take over Ita Airways to come up with improved proposals, the economy minister said on Thursday, because the government does not deem the current bids to be sufficient. Neither of the two rival bids cu…
Apollo’s Q2 earnings rise as Athene helps brave dealmaking slowdown
By Chibuike Oguh (Reuters) -Apollo Global Management Inc reported a 13% rise in second-quarter earnings on Thursday, as income from its annuities provider Athene more than compensated for a decline in asset sales amid a slowdown in dealmaking. Apollo r…
Retail investors perceive stocks, bonds to be more arcane than crypto – survey
By Medha Singh (Reuters) – Retail investors find well-established stocks and bond markets to be more arcane than the wild world of cryptocurrencies, a survey by the World Economic Forum (WEF) showed on Thursday. The privately-funded WEF’s survey, in co…
Consider mediation, London judge tells Kazakh miner ENRC, Dechert and Fraud Office
By Kirstin Ridley LONDON (Reuters) – A London judge has told Kazakh mining company ENRC, its former legal adviser Dechert and the UK Serious Fraud Office (SFO) to consider mediation to end bitter litigation over events that led to a near 10-year crimin…