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Netflix set for slowest revenue growth as ad plan struggles to gain traction
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Amazon will not cut jobs in Italy, unions say after meeting
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FTSE 100 snaps four-day winning streak as Britain’s Ocado slumps
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Davos 2023: CEOs buzz about ChatGPT-style AI at World Economic Forum
Most British firms track race, ethnicity data but targets still lacking – study
Date: January 17, 2023
By Juliette Portala and Simon Jessop LONDON (Reuters) – Nearly three-quarters of British firms are tracking race and ethnicity data, yet few have set targets to improve workplace equality or linked efforts to management pay, a survey by consulting firm Mercer showed on Tuesday. Improving boardroom diversity has become a hot topic for policymakers and...
Analysis-Bond traders get their swagger back in rate-obsessed markets
Date: January 17, 2023
By Lananh Nguyen NEW YORK (Reuters) – Bond traders are stars again on Wall Street. Fixed income, currencies and commodities (FICC) traders bolstered bank profits last year despite dreary deal markets. And traders who have navigated renewed market volatility are set to extend their winning streak, senior bankers told Reuters. At Bank of America Corp,...
Chocolate maker Lindt & Spruengli FY sales rise 8%, backs 2023 view
Date: January 17, 2023
ZURICH (Reuters) – Lindt & Spruengli said on Tuesday that strong international sales helped organic sales grow by 8.4% last year and the Swiss chocolate maker backed its sales growth forecast for this year, despite expecting inflation to pose a challenge. Overall sales rose to 4.97 billion Swiss francs ($5.30 billion) in 2022, the maker...
Cryptoverse: Bitcoin is back with a bonk
Date: January 17, 2023
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January, leaping 22% in the past week alone, breaking back above the $20,000 level and putting...
ECB must keep raising rates to fight off inflation, Lane says
Date: January 17, 2023
xFRANKFURT (Reuters) -The European Central Bank must raise interest rates to a level that starts to restrict growth and their peak will depend on how the economy responds to the most rapid policy tightening cycle on record, ECB chief economist Philip Lane told the Financial Times. The ECB has raised rates by a combined 2.5...
Exclusive-Renault, Geely look to bring Aramco into engine venture – sources
Date: January 17, 2023
By Norihiko Shirouzu and Gilles Guillaume BEIJING/PARIS (Reuters) – Renault SA and China’s Geely Automobile Holdings are working to finalize a deal to bring Saudi Arabian state oil producer Aramco in as an investor and partner to develop and supply gasoline engines and hybrid technologies, three people with knowledge of the talks said. The Saudi...