Zimbabwe suspends bank lending in bid to arrest currency decline

Zimbabwe's government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was part of a raft of measures to arrest its rapid devaluation on the black market.

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07-05-2022

Exclusive-Xiaomi accuses Indian agency of 'physical violence' threats during probe

Chinese smartphone maker Xiaomi Corp has alleged its top executives faced threats of "physical violence" and coercion during questioning by India's financial crime fighting agency, according to a court filing seen by Reuters.

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07-05-2022

UK's Capco and Shaftesbury in talks about $4 billion merger - Sky News

London's West End focused commercial landlords Capital & Counties Properties Plc and Shaftesbury Plc are in advanced talks about a 3.5 billion pound ($4.32 billion) merger, Sky News reported on Saturday.

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07-05-2022

Southwest Gas settles boardroom battle with Icahn, replaces CEO

Southwest Gas Holdings reached a settlement on Friday with Carl Icahn that will replace the company's chief executive and hand as many as four board seats to the billionaire investor.

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07-05-2022

Amazon's captive staff meetings on unions illegal, labor board official finds

(Reuters) -A U.S. labor board official believes Amazon.com Inc violated federal law during mandatory staff meetings it held in New York City to discourage unionizing, a board spokesperson said on Friday, in what could lead to a new legal precedent.

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07-05-2022

Musk aims to quintuple Twitter's revenue to $26.4 billion by 2028 -NYT

Elon Musk is aiming to increase Twitter's annual revenue to $26.4 billion by 2028, up from $5 billion last year, the New York Times reported on Friday, citing a pitch deck presented by the world's richest man to investors.

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06-05-2022

Fed hawks Waller, Bullard push back on 'behind the curve' view

Two of the Federal Reserve's most outspoken policy hawks on Friday pushed back on the view that the U.S. central bank has missed the boat on the fight against high inflation, citing a tightening of financial conditions that began well before the Fed began raising interest rates in March.

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06-05-2022

Wells Fargo wins dismissal of shareholder lawsuit over commercial lending

A federal judge on Friday dismissed class-action claims that Wells Fargo & Co, the fourth-largest U.S. bank, misled or defrauded shareholders about its commercial loans.

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06-05-2022

Musk aims to increase Twitter's revenue to $26.4 billion by 2028 -NYT

Elon Musk is aiming to increase Twitter's annual revenue to $26.4 billion by 2028, up from $5 billion last year, the New York Times reported on Friday, citing a pitch deck presented by the world's richest man to investors.

newspaper

06-05-2022