spokesperson

Exclusive: GE lays off workers at onshore wind unit as part of turnaround strategy

General Electric Co is laying off workers at its onshore wind unit as part of a plan to restructure and…

3 years ago

Exclusive: PepsiCo ends Pepsi, 7UP production in Russia months after promising halt over Ukraine

PepsiCo Inc (PEP.O) has stopped making Pepsi, 7UP and Mountain Dew in Russia nearly six months after the U.S. company said it…

3 years ago

Exclusive: Biden to hit China with broader curbs on U.S. chip and tool exports

The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence…

3 years ago

Exclusive: German economy ministry reviews measures to curb China business

Germany's economy ministry is considering a raft of measures to make business with China less attractive as it seeks to…

3 years ago

Swiss National Bank posts record H1 loss, says no policy impact

The Swiss National Bank (SNBN.S) reported a first-half loss of 95.2 billion Swiss francs ($100.08 billion) on Friday, the biggest six-month loss…

3 years ago

Malaysia Airlines nears deal for Airbus A330neos – sources

Malaysia Airlines is nearing a deal for Airbus SE (AIR.PA) A330neos to replace its fleet of 21 earlier-model A330s, two sources familiar…

3 years ago

Santander UK, Virgin Money join firms helping staff with cost of living crisis

The British arm of Spanish lender Santander (SAN.MC) said on Tuesday it would award a 4% pay rise to around 11,000 UK-based…

3 years ago

Kremlin rejects Russian default, says bond payments executed

The Kremlin on Monday rejected claims that it has defaulted on its external debt for the first time in more…

3 years ago

Analysis: Meme stock investors place risky bet on bankrupt Revlon being the next Hertz

The 30-year-old plumber from Oxford, North Carolina, scored a 350% profit last week by selling half the shares in the…

3 years ago

Exclusive: Indian skincare startup Mamaearth eyes $3 billion valuation in 2023 IPO

Sequoia Capital-backed Indian skincare startup Mamaearth is in talks to raise at least $300 million in a planned IPO next…

3 years ago