(Reuters) -Amazon.com will lay off several hundred employees in its streaming and studio operations, it said in an internal note on Wednesday as companies extend their massive job cuts over the past two years into 2024. The staff facing exit at Prime Video and Amazon MGM Studios in the Americas will be informed on Wednesday …
Amazon to lay off several hundred staff in Prime Video, Studios Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices eased on Wednesday ahead of U.S. inflation data that could shape the Federal Reserve’s outlook on interest rate cuts this year, although a softer dollar kept a floor under prices. Spot gold was down 0.4% at $2,021.39 per ounce by 2:25 p.m. ET (1925 GMT). U.S. gold …
Gold subdued as traders gear up for US inflation print Read More »
By Lamine Chikhi and Sabrina Valle ALGIERS/HOUSTON (Reuters) -U.S. oil producer Exxon Mobil confirmed on Wednesday that it is in talks with Algeria’s national state-owned oil company Sonatrach about oil and gas exploration opportunities in the North African country. Algerian Energy Minister Mohamed Arkab said on Tuesday that a deal is expected to be reached …
Exxon Mobil says in talks with Algeria to explore oil and gas Read More »
By Shubham Batra and Sruthi Shankar (Reuters) – Britain’s FTSE 100 fell on Wednesday, with Sainsbury’s sliding after the supermarket group disappointed investors who expected a profit upgrade, while insurers tumbled after a media report suggested regulators could decide to investigate premium finance products. The blue-chip FTSE 100 slid 0.4%, with shares of Sainsbury’s dropping …
UK’s FTSE 100 slips as Sainsbury’s, insurers weigh Read More »
By Aditya Kalra and Krishn Kaushik GANDHINAGAR, India (Reuters) – Ukrainian leaders pitched for India to help rebuild its war-ravaged economy on Wednesday at a business summit organised by India primarily to seek inward global investment. Suggesting that Ukraine’s recovery would be “a win-win for Ukraine and international partners,” Kyiv’s deputy economy minister Volodymyr Kuzyo …
Ukraine seeks Indian investments to reconstruct war-hit economy Read More »
By Aditi Shah, Dhwani Pandya and Sumit Khanna GANDHINAGAR, India (Reuters) – India’s Prime Minister Narendra Modi touted his country’s economic prospects at a business summit in his home state of Gujarat on Wednesday as several big firms unveiled investment plans worth nearly $33 billion. His pitch comes just months before national elections, in which …
India’s Modi woos investors at business summit as firms make spending pledges Read More »
JOHANNESBURG (Reuters) -South Africa’s rand took a breather on Wednesday after declining since the start of the week as traders awaited U.S. inflation data due on Thursday. At 1539 GMT, the rand traded at 18.7000 against the dollar, unchanged from its previous close. The dollar was last down around 0.07% against a basket of global …
South African rand unchanged ahead of US inflation data Read More »
By Carolyn Cohn and Simon Jessop LONDON (Reuters) -Storm Henk, which battered Britain last week, caused around 150 million pounds ($190 million) in insured losses and damaged around 2,000 properties, consultants PwC said on Wednesday. Heavy rain caused major rivers to burst their banks and the government issued more than 300 flood warnings, only weeks …
Storm Henk causes around 150 million pounds in UK insured losses Read More »
By Krishna N. Das NEW DELHI (Reuters) – India will take “appropriate action” after completing an investigation into a complaint that a drug regulator helped switch samples of cough syrup linked to the death of children in Gambia in return for a bribe, two officials said on Wednesday. The World Health Organization (WHO) linked the …
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WASHINGTON/LONDON (Reuters) -U.S. and British naval forces shot down 21 drones and missiles fired by Yemen-based Houthis on Tuesday towards the southern Red Sea, the United States said, with Britain hinting at further measures to protect international shipping lanes. British Defence Secretary Grant Shapps said it was the largest attack in the area by the …
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