By Jeffrey Dastin and Uday Sampath Kumar (Reuters) -Amazon.com Inc’s layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company’s …
FRANKFURT/BERLIN (Reuters) – Germany’s gas supply situation is “less tense” now than it was at the beginning of winter, Germany’s Federal Network Agency said on Thursday, reflecting mild temperatures and full storage levels that are supporting Europe’s top economy. Considerably less gas was used in the 52nd calendar week of 2022 than in previous years, …
German regulator says gas situation ‘less tense’ Read More »
By Elizabeth Piper and Alistair Smout LONDON (Reuters) -Labour leader Keir Starmer pledged on Thursday to end Britain’s “sticking plaster politics” if his party wins power in the next election, reassuring critics he would not open the chequebook to tackle a myriad of crises buffeting the country. Saying his main opposition party is ready for …
UK’s Labour promises to end ‘sticking plaster politics’ with funded plans Read More »
BEIJING (Reuters) – Germans living in China began receiving the BioNTech COVID-19 vaccine on Thursday, the first such rollout of a foreign coronavirus vaccine in a country that has not otherwise approved the use of non-Chinese vaccines even as infections soar. Under an agreement reached during a visit to Beijing by Chancellor Olaf Scholz in …
German expats in China receive first foreign COVID vaccines Read More »
(Reuters) – Dell Technologies Inc plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. The computer maker told suppliers late last year that it aims to meaningfully lower the amount of China-made …
Dell looks to phase out Chinese chips by 2024 – Nikkei Read More »
NAIROBI (Reuters) – Kenya will not default on its debt and plans to ramp up tax collection in the next two years, President William Ruto said on Wednesday. Ruto’s government, which took over in September, has pledged to curb expensive commercial borrowing in favour of cheaper sources like the World Bank to reduce debt servicing …
Kenya will not default on its debt payments -President Ruto Read More »
NEW DELHI (Reuters) -India’s market regulator has allowed the government’s shareholding in IDBI Bank to be reclassified as “public” after its stake sale on condition that its voting rights do not exceed 15%, the lender said on Thursday. The government, with a more than 45% stake in IDBI Bank, is currently classified as a co-promoter …
India’s SEBI allows govt stake in IDBI Bank to be reclassified as public post sale Read More »
LONDON (Reuters) -Britain on Thursday scrapped plans to sell the publicly-owned Channel 4 broadcaster, with the station instead gaining greater commercial flexibility to help secure its future. “After reviewing the business case and engaging with the relevant sectors I have decided that Channel 4 should not be sold,” Michelle Donelan, Secretary of State for Digital, …
Britain scraps plan to sell broadcaster Channel 4 Read More »
LONDON (Reuters) -British Prime Minister Rishi Sunak could set out details of a planned new law to curb strikes as soon as Thursday, The Times reported, saying ministers intend to make industrial action illegal in some sectors if minimum service levels are not met. The Times newspaper said the legislation would enforce minimum service levels …
UK’s Sunak to detail anti-strike laws as soon as Thursday -report Read More »
By Jarrett Renshaw (Reuters) – The Democratic Party’s unseating of Iowa from its position as host of the first U.S. presidential nominating contest every four years is a blow that could also reshape the corn and biofuels industries throughout the Midwest, lobbyists and political consultants say. Backed by President Joe Biden, the party is set …
Analysis-Democrats’ downgrade of Iowa’s role is a blow to Corn Belt, biofuels Read More »
