financial-sector
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Logitech Chief Still Confident Despite Quarterly Downturn
Date: July 26, 2022
By John Revill (Reuters) – Logitech International chief Bracken Darrell remains confident about the company’s growth potential, despite the computer peripherals maker reporting a drop in sales and profits and cutting its guidance for a second time this year. The maker of web cams, speakers and computer mice reported a 38% fall in first-quarter adjusted...
Airbus CEO Says Farnborough Brings More Comfort on Engines
Date: July 20, 2022
By Tim Hepher (Reuters) -The head of the world’s largest planemaker, Europe’s Airbus, said on Wednesday he felt slightly more upbeat about delayed jet engine arrivals after talking to suppliers and said Airbus’ own jetliner delivery targets were “still feasible”. Guillaume Faury was talking to Reuters at the Farnborough Airshow where engine makers said they...
UK Jobless Rate Holds at 3.8% as Jobs Boom Continues
Date: July 19, 2022
LONDON (Reuters) -Britain’s unemployment rate held at 3.8% in the three months to May and the number of people in work rose by the most since the middle of 2021, suggesting the cost-of-living squeeze has not yet hit demand for staff, official figures showed. Economists polled by Reuters had expected the jobless rate to rise...
Dutch Central Bank Fines Binance 3.3 Million Euros
Date: July 18, 2022
AMSTERDAM (Reuters) -The Dutch central bank (DNB) on Monday said it had fined Binance, one of the biggest cryptocurrency exchanges, 3.3 million euros ($3.35 million) for offering services in the Netherlands without being registered in the country. The fine was issued against Binance Holdings Ltd. in April 2022, following a public warning issued against Binance...
Biden Signs Executive Order on Abortion, Declares Supreme Court ‘out of Control’
Date: July 8, 2022
By Jeff Mason and Nandita Bose WASHINGTON (Reuters) -U.S. President Joe Biden said the Supreme Court decision overturning the right to an abortion was an exercise in “raw political power” and signed an executive order on Friday to ease access to services to terminate pregnancies. Biden, a Democrat, has been under pressure from his own...
Hong Kong’s Top Finance Executives Bank on City to Thrive as Gateway to China
Date: June 27, 2022
By Selena Li, Kane Wu and Julie Zhu HONG KONG (Reuters) – In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system. Twenty-five years later, Hong Kong has so far retained its status...