Stocks slump as Snap cracks rally, Lagarde lifts euro
Shares slid worldwide on Tuesday as fears about weak earnings and slowing growth punctured the recent mini-rally, while hawkish remarks from European Central Bank Chief Christine Lagarde reminded edgy markets that rate hikes loom.
Explainer: Indonesia’s stop-start controls on palm oil exports
Indonesian President Joko Widodo has agreed to allow palm oil exports to resume after a three-week ban, though it is unclear how rapidly shipments will resume given accompanying rules aimed at securing domestic supply.
OECD chief ‘quietly optimistic’ about EU global minimum tax deal approval
The head of the Organisation for Economic Cooperation and Development (OECD) on Tuesday said he was “quietly optimistic” a landmark deal to establish a global minimum tax will be approved by European Union members but implementation may not occur until 2024.
Airbnb to shut domestic business in China from July 30
Vacation rental firm Airbnb Inc (ABNB.O) said on Tuesday it will shut down all listings and experiences in mainland China from July 30, joining a long list of Western internet platforms that have opted out of the China market.
Whitepaper outlines how to meet the learning needs of a Hybrid Workforce
‘Embracing eLearning as a Hybrid Workforce’, the recently published whitepaper from Scotland’s leading digital learning and assessment specialist, eCom Learning Solutions, assesses the changes in learning needs and delivery in the aftermath of the Covid19 pandemic. The whitepaper examines the importance of: being strategic; using a learning management system (LMS) to support blended delivery; making learning accessible to all, and having online and offline capability.
Ericsson, Deutsche Telekom harness wind power for mobile masts as energy costs soar
Ericsson (ERICb.ST) and Deutsche Telekom (DTEGn.DE) are harnessing the power of the wind and the sun at an energy-hungry 5G mobile site in Germany in an effort to guard against soaring electricity costs.
Chipmaker Broadcom in talks to buy VMware
Broadcom Inc (AVGO.O) is in talks to acquire cloud service provider VMware Inc (VMW.N) in a deal which could transform the chipmaker into a diversified tech firm, people familiar with the matter said.
Zurich Insurance to exit Russia by selling business to local team
Zurich Insurance (ZURN.S) has agreed to sell its Russian business to members of the local team, it said on Friday, as the Swiss insurer became the latest Western firm to exit Russia.
JPMorgan raises 2022 interest income outlook ahead of investor conference
JPMorgan Chase & Co (JPM.N) presented a more optimistic profit forecast on Monday as it opened an investor conference to relieve worries that the biggest U.S. bank by assets might be starting to lose its edge.
Bank of America raises hourly minimum wage to $22
Bank of America Corp (BAC.N) said it was raising its U.S. minimum hourly wage to $22 on Monday, a step closer to its promise of paying workers $25 an hour by 2025.
