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Musk told banks he will rein in Twitter pay, make money from tweets -sources
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Dollar on track for best month since 2015
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Factbox – Companies count the cost of ditching Russia
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Soccer-Man City without Stones and Walker for tough trip to Leeds
Credit Suisse shareholders withhold management approval as ire grows
Date: April 29, 2022
By Brenna Hughes Neghaiwi ZURICH (Reuters) -Credit Suisse shareholders on Friday rejected by a wide margin the board’s proposal to discharge the beleaguered Swiss bank’s management from liabilities for the 2020 financial year, as investor ire over a slew of costly missteps grows. The vote showed growing pushback over what has been described as a...
Russia makes last-gasp dollar bond payments in bid to avoid default
Date: April 29, 2022
(Reuters) – Russia made what appeared to be a late u-turn to avoid a default on Friday, as it made a number of already-overdue international debt payments in dollars despite previously vowing they would only be paid in roubles. Whether the money would make it to the United States and other Western countries that sanctioned...
Amazon’s net loss prompts query: Has it built too many warehouses?
Date: April 29, 2022
By Jeffrey Dastin (Reuters) – In recent years, Amazon.com Inc has spent billions of dollars on new warehouses that cut into profits, explaining to investors that it had no choice but to meet ever-rising consumer demand. It turns out, Amazon may have built too much, too soon, analysts say. The world’s largest online retailer on...
Bank of England sketches out lighter regime for small banks
Date: April 29, 2022
By Huw Jones LONDON (Reuters) – Banks in Britain with no more than 15 billion pounds ($19 billion) in assets could benefit from lighter capital requirements given they would pose less of a risk to financial stability if they went bust, the Bank of England said on Friday. Britain’s departure from the European Union makes...
Tesla recalls 48,000 U.S. vehicles over speed display
Date: April 29, 2022
By David Shepardson WASHINGTON (Reuters) – Tesla is recalling about 48,000 Model 3 Performance vehicles in the United States because they may not display the speedometer while in “Track Mode,” documents released Friday show. The recall covers vehicles from the 2018 through 2022 model years. Tesla will perform an over-the-air software update to address the...
Weak market competition to further hammer poor households – UK watchdog
Date: April 29, 2022
By Muvija M LONDON (Reuters) – Waning competition in British markets has allowed the biggest companies to cement their position and raise prices, hammering the poorest households already grappling with a cost-of-living crisis, an official report said on Friday. Britain’s competition regulator said in a report for the government that a “limited number” of companies...