financial-sector
BankingHow Gen Z Is Paving the Way for Seismic Changes in the Finance and Banking Industry
Top StoriesQueen’s Death Revives Memories Both Fond and Bitter in Zimbabwe
FinanceJPMorgan, BofA Cautious on Job Cuts as Goldman Layoffs Loom
Top StoriesKing Charles Arrives at Airbase Near London
Volkswagen’s Mexico Factory Workers Reject Union Pay Deal
Date: September 1, 2022
MEXICO CITY (Reuters) – Volkswagen workers at its main Mexico factory rejected a deal for a 9% pay hike, an official statement said, voting for a second time against what would have been the country’s largest salary raise by an auto maker in recent years. The union for workers at the plant in Puebla, in...
Hackers Hit Italian Oil Company Eni’s Computer Networks
Date: September 1, 2022
(Reuters) -Italian oil company Eni’s computer networks were hacked in recent days but the consequences appear to be minor so far, the company said on Wednesday. “The internal protection systems have detected unauthorized access to the corporate network in recent days,” a spokesperson for the company told Reuters in response to a query. The state-controlled...
Russia Jobless Rate Stays at Record Low of 3.9% in July
Date: September 1, 2022
MOSCOW (Reuters) – The number of people unemployed in Russia was 2.9 million in July, or 3.9% of the workforce, with the jobless rate staying at the record low reached in May, the statistics service said on Wednesday. Analysts polled by Reuters had forecast unemployment of 4.1%. Rosstat provided the following data: RUSSIAN UNEMPLOYMENT July...
Turkey’s Economy Grew 7.6% in Q2 Driven by Domestic Demand, Exports
Date: August 31, 2022
By Nevzat Devranoglu and Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s economy grew 7.6% year-on-year in the second quarter as expected, extending a hot streak on strong domestic demand and exports, according to data on Wednesday, though economic activity was seen slowing through year end as demand cools. Gross domestic product (GDP) expanded 2.1% compared with...
Shell Energy to Pay for Overcharging Price Cap Customers -Ofgem
Date: August 25, 2022
(Reuters) -Shell Plc’s UK retail energy business has to pay 536,970 pounds ($635,181) for overcharging some customers on its default tariffs which are subject to a price cap, Britain’s energy market regulator Ofgem said on Thursday. The payment by Shell Energy includes a refund of 106,000 pounds to the affected prepayment customer accounts as well...
Cricket- South Africa Reduce England to 116-6 Before Rain Ends First Day
Date: August 17, 2022
LONDON (Reuters) – Anrich Nortje took three wickets as South Africa’s seamers tore through England’s top order to leave the home side teetering on 116 for six before rain brought a premature close to day one of the first test at Lord’s on Wednesday. England looked as though they would be bowled out for a...