Amazon.com union organizer meets with Biden at White House

Amazon.com Inc union organizer Christian Smalls met with President Joe Biden during his visit to the White House on Thursday, a White House official said.

newspaper

05-05-2022

Oil steadies near $110/bbl; strong dollar offsets supply worry

Oil prices steadied on Thursday, under pressure from a stronger dollar and a drop in global stock markets while supported by supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude.

newspaper

05-05-2022

Musk to lead Twitter temporarily after $44 billion takeover - source

Elon Musk is expected to become Twitter's temporary CEO after closing his $44 billion takeover of the social-media firm, a person familiar with the matter said on Thursday, as the billionaire inches closer to securing funds for the deal.

newspaper

05-05-2022

Wall Street tumbles on fear Fed may need bigger rate hike to tame inflation

Wall Street's main indexes tumbled on Thursday as investors fretted the Federal Reserve's rate hike might not be enough to bring inflation under control and the U.S. central bank might need to take more drastic action.

newspaper

05-05-2022

Big Tech data harvesting comes under fire by world central bank group

A paper published by the world's main central bank umbrella group, the BIS, has called for individuals and firms to be given more control over the data collected on them by social media and other Big Tech firms and banks.

newspaper

05-05-2022

Over 500 kg of cocaine found in coffee delivery for Nespresso

Over 500 kg (1,102 lb) of cocaine estimated to be worth more than 50 million Swiss francs ($50.65 million) have been found in a container of coffee bean bags for Nestle's Nespresso factory in Romont in western Switzerland, the cantonal police said on Thursday.

newspaper

05-05-2022

Musk to lead Twitter temporarily after $44 billion takeover -source

(Reuters) -Elon Musk is expected to become Twitter's temporary CEO after closing his $44 billion takeover of the social-media firm, a person familiar with the matter said on Thursday, as the billionaire inches closer to securing funds for the deal.

newspaper

05-05-2022

Banco BPM lower loan writedown, revenue rise land profit beat

MILAN (Reuters) -Italy's Banco BPM posted a higher-than-expected first-quarter net profit on Thursday, helped by a combination of higher revenues and lower loan writedowns.

newspaper

05-05-2022

Wall St slumps as bets of big rate hikes grow despite Fed view

(Reuters) -Wall Street's main index fell sharply on Thursday in a broad-based selloff as the Federal Reserve's less hawkish tone failed to ease investors' expectations of bigger interest rate hikes this year to tame surging inflation.

newspaper

05-05-2022