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British bank TSB fined 48.7 million pounds over botched IT migration
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China races to bolster health system as COVID surge sparks global concern
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Bill Gates upbeat on climate innovation, even if 1.5C goal out of reach
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Facebook held back on naming Cambridge Analytica in 2017 -deposition
Seedmaker Corteva cuts U.S. jobs while exiting Russia
Date: December 20, 2022
By P.J. Huffstutter and Tom Polansek CHICAGO (Reuters) – Seeds and pesticides company Corteva Inc will eliminate U.S. jobs next year, as its exit from Russia reduces demand for its commercial sunflower seeds produced in California, the company said on Monday. Corteva will cut 51 positions from a Woodland, California facility, run by its Pioneer...
Analysis-Italy’s cash payments U-turn is all gain, no pain
Date: December 20, 2022
By Valentina Za MILAN (Reuters) – Dropping a plan to boost small cash payments is the smart thing for Italy to do – the measure could not have stopped the inevitable digital transition, data show, while it was already hurting the country’s image. Italy is scrapping from the draft budget a provision on retailers who...
Uniper boss tells investors to back German bailout or risk all
Date: December 19, 2022
FRANKFURT/BERLIN (Reuters) -Germany’s Uniper called on shareholders to approve a bailout and nationalisation that will cost the government more than 50 billion euros ($53 billion), warning that it will otherwise have to consider filing for insolvency. Chief Executive Klaus-Dieter Maubach said ahead of an extraordinary shareholder meeting on Monday that the disarray caused by the...
Russia’s Trust Bank sells oilfield service firm
Date: December 19, 2022
(This Dec.16 story has been officially corrected to remove name of buyer which was confirmed by Trust in error) MOSCOW (Reuters) – Russia’s Trust Bank said on Friday it had sold an oilfield service company, offloading the asset earlier than planned due to stagnation in the industry and amid declining exploration investment. Trust Bank is...
Britain’s broken egg industry shows the price of food inflation
Date: December 19, 2022
By James Davey LONDON (Reuters) – In Britain, the damage wrought by rampant inflation can be seen in the fate of the humble egg. With war in Ukraine driving energy and chicken feed costs higher, farmers say what they get paid is no longer enough, upending the economics of a key food staple. Many of...
Youth in Spain see jobs gain after years of instability
Date: December 19, 2022
By Belén Carreño MADRID (Reuters) – A revamp of Spain’s labour rules has led to a 142% rise in young workers with permanent contracts in a country where rates of youth unemployment and under-employment have been among the highest in Europe since the global financial crisis. The increase is evidence that the Socialist-led government’s 9-month-old...