By Paul Sandle LONDON (Reuters) -British meal delivery company Deliveroo said it would cut around 9% of its workforce, or 350 roles, as it struggles to become profitable in a tougher consumer environment that has caused orders to slow. Deliveroo has grown rapidly since it was founded in London a decade ago, and its riders …
UK meal delivery group Deliveroo to cut 9% of jobs Read More »
By Humeyra Pamuk, Michael Martina and Patricia Zengerle WASHINGTON (Reuters) -The United States will explore taking action against entities connected to the Chinese military that supported the flight of a Chinese spy balloon into U.S. airspace last week, a senior State Department official said on Thursday. Washington is confident that the manufacturer of the Chinese …
U.S. says it may target Chinese entities linked to spy balloon Read More »
By Sruthi Shankar and Shashwat Chauhan (Reuters) – Britain’s FTSE 100 index rose for the third straight session on Thursday after breaching its record-high level again, buoyed by a slate of upbeat earnings and merger talks tied to Standard Chartered. The blue-chip FTSE 100 ended 0.3% higher after hitting a record high of 7,949.57 in …
UK’s FTSE 100 hits another record high; Standard Chartered tops index Read More »
By Paul Sandle LONDON (Reuters) – Britain’s telecoms regulator said on Thursday it was concerned that inflation-linked hikes in broadband and mobile bills were causing uncertainty for customers, as it launched a review of in-contract price rises. Many consumers are facing prices rises of above 14% in the coming months under the terms of contracts …
Britain examines inflation-linked hikes in broadband bills Read More »
By Nikunj Ohri and Nandan Mandayam BENGALURU (Reuters) -Life Insurance Corporation of India (LIC) <LIFI.NS> on Thursday reported a 27-fold surge in quarterly profit as it recognised a large gain due to changes in its accounting policy, and said it has not made provisions for debt held in the embattled Adani Group. LIC, which has …
India’s LIC posts surge in profit, says no provisions for Adani debt Read More »
By Elias Biryabarema KAMPALA (Reuters) -Uganda will not renew the mandate of the United Nations’ rights office in the East African country and will rely on domestic institutions to safeguard rights, the government said, after the body flagged torture and unlawful detention sites. In a letter by Uganda’s Foreign Affairs Ministry sent to Office of …
Uganda says it will not renew term of U.N. human rights office Read More »
JOHANNESBURG (Reuters) -South Africa’s rand firmed on Thursday as investors awaited President Cyril Ramaphosa’s State of the Nation address, which could offer some solution to ease a worsening power crisis. At 1510 GMT, the rand traded at 17.6425 against the dollar, 0.7% stronger than its previous close. Investors are looking for leadership, guidance and clarity …
South African rand firms as markets eye President Ramaphosa’s speech Read More »
BENGALURU (Reuters) -Indian automaker Mahindra and Mahindra Ltd said on Thursday it will invest 10 billion rupees ($121 million) to set up a manufacturing facility in the southern state of Telangana to make electric three- and four-wheelers. The investment will be made over eight years at the company’s Zaheerabad plant to develop its last mile …
India’s Mahindra to invest $121 million to set up EV facility in Telangana state Read More »
By Gabriela Baczynska, Kate Abnett and Ingrid Melander BRUSSELS (Reuters) – Ukrainian President Volodymyr Zelenskiy said on Thursday that several European Union leaders were ready to provide Kyiv with aircraft to help it fight against Russia’s invasion. Speaking during his first in-person meeting with all the 27 national leaders of a union Ukraine wants to …
Zelenskiy told joining EU will be ‘long, hard road’ Read More »
By Shadia Nasralla LONDON (Reuters) – Oil prices dipped in U.S. trading hours on Thursday after the country’s oil inventories hit their highest in months and on signs that the Federal Reserve could keep raising interest rates. Brent crude futures slipped 95 cents to $84.14 a barrel by 1447 GMT, while U.S. West Texas Intermediate …
Oil prices fall in U.S. trading as stockpiles swell Read More »
