Amazon employees protest on some German, French sites on Black Friday

Actions part of global call by Make Amazon Pay initiative Demonstration calls for better pay Amazon says no disruption to operations BERLIN/PARIS, Nov 25 (Reuters) – Some employees at Amazon (AMZN.O) branches in Germany and France took down tools on Black Friday as part of a global move to target the online retailer on one … Read more

Adidas launches investigation into allegations of misconduct against Kanye West

Nov 24 (Reuters) – Adidas AG (ADSGn.DE) said on Thursday it has launched an investigation into allegations of inappropriate behavior by Kanye West after the German sporting goods manufacturer ended its partnership with the rapper and fashion designer last month. Adidas said it initiated the investigation after receiving an anonymous letter containing several allegations against … Read more

Germany plans to tighten rules for companies that rely heavily on China

BERLIN, Nov. 19 (Reuters) – Germany’s foreign ministry plans to tighten rules on companies heavily exposed to China, prompting them to release more information and potentially conduct stress tests for geopolitical risks, according to a confidential draft document released by Reuters has seen. The proposed measures are part of a new business strategy on China … Read more

NY Fed: Bank liquidity may be tighter than thought, with policy implications

Nov 18 (Reuters) – The way the banking system manages its cash suggests the financial system may not be as good as many now understand, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper says of the The Federal Reserve Bank of New York said … Read more

EXCLUSIVE COP27: IMF chief says $75/tonne carbon price needed by 2030

SHARM EL-SHEIKH, Egypt, Nov. 7 (Reuters) – The price of carbon must average at least $75 per tonne globally by the end of the decade for global climate goals to succeed, the head of the International Monetary Fund told Reuters. On the sidelines of the COP27 climate talks in the Egyptian resort of Sharm el-Sheikh, … Read more

Analysis: Runaway Prices Have Central Europe Confused

Region struggles with inflation of almost 20% Surveys show continued high inflation expectations Various government moves dent central bank tightening Some economists say high inflation could be permanent BUDAPEST/WARSAW, Nov 7 (Reuters) – While inflation in Western Europe is expected to be largely tamed within a year, there is growing sentiment that runaway prices in … Read more

The fate of Toshiba management is a source of friction for bidders and banks

TOKYO, Nov. 6 (Reuters) – Disagreements over whether to keep Toshiba Corp. (6502.T) management after a possible takeover caused friction between two of its suitors and is now raising concerns among banks, sources said. complicated the already uncertain process. Japan Industrial Partners, the private equity firm that has since been selected by Toshiba as the … Read more

Twitter starts layoffs on Friday – internal email

Nov. 4 (Reuters) – Twitter Inc will email employees Friday if they have been laid off, temporarily closed offices and barred access to staff, after a week of uncertainty over the company’s future under new owner Elon Musk. The social media company said in an email to staff that it would alert employees to staff … Read more

No Microsoft fixes in first EU antitrust assessment of Activision deal – source

BRUSSELS, Oct. 31 (Reuters) – Microsoft Corp’s (MSFT.O) has offered no remedies to EU antitrust regulators reviewing its proposed $69 billion bid for “Call of Duty” maker Activision Blizzard (ATVI.O) ahead of an expected full-scale EU probe, a person familiar with the matter said on Monday. The US software company is betting on the acquisition … Read more

EU wants 40-man antitrust team to enforce new tech rules, official says

BRUSSELS, Oct. 27 (Reuters) – EU antitrust regulators want to set up a 40-man team and hire a technology expert to enforce strict new rules aimed at curtailing Big Tech’s powers, an EU official said Thursday. The rules known as the Digital Markets Act (DMA) contain a list of do’s and don’ts for Alphabet (GOOGL.O) … Read more