STOCKHOLM (Reuters) – Growing numbers of young people whizzing around Europe’s big cities on electric scooters may represent a nightmare for some pedestrians and motorists, but for Swedish sharing start-up VOI they offer a path to positive cashflow. Electric scooters from Swedish startup VOI and Belin-based Tier sit parked side-by-side in Stockholm, Sweden July 7,
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SYDNEY/HONG KONG (Reuters) – Whole teams in Deutsche Bank’s (DBKGn.DE) Asian operations were told their positions were gone on Monday, as the lender began axing 18,000 jobs globally in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis. FILE PHOTO: A Deutsche Bank logo adorns a wall at
FILE PHOTO: The Deutsche Bank headquarters are seen in Frankfurt, Germany October 29, 2015. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) plans to cut 18,000 jobs in a sweeping, 7.4 billion euro overhaul designed to turn around Germany’s struggling flagship lender The bank will also scrap its global equities business and scale back
WASHINGTON (Reuters) – U.S. job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month. The Labor Department’s closely watched employment report on Friday suggested May’s sharp slowdown in hiring was
(Reuters) – Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. FILE PHOTO: People walk near the logo of SoftBank Corp in Tokyo, Dec. 18, 2014. REUTERS/Toru Hanai/File Photo SoftBank has
(Reuters) – Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. FILE PHOTO: People walk near the logo of SoftBank Corp in Tokyo, Dec. 18, 2014. REUTERS/Toru Hanai/File Photo SoftBank has
SYDNEY (Reuters) – Crude oil prices fell on Friday as concerns over the outlook for global economic growth outweighed elevated tensions in the Middle East that could disrupt supply routes and send prices higher. FILE PHOTO – A crude oil tanker is seen at Qingdao Port, Shandong province, China, April 21, 2019. Picture taken April
BRUSSELS (Reuters) – European Union states opened the way to competing technologies for internet connected cars on Thursday, rejecting a European Commission push for a wifi-based standard backed by Volkswagen (VOWG_p.DE). FILE PHOTO: Signs of Qualcomm and 5G are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song/File Photo The
(Reuters) – A U.S. judge on Wednesday ruled against Qualcomm Inc’s (QCOM.O) effort to block the implementation of a sweeping antitrust ruling against it as the mobile chip supplier pursues an appeal that could take more than a year to wind through the courts. FILE PHOTO: A sign on the Qualcomm campus is seen in
(Reuters) – Shares of Tesla Inc jumped 8% on Wednesday after Chief Executive Officer Elon Musk made good on his promise of delivering record number of electric cars in the second quarter, quelling fears about demand for its sedans and SUVs. FILE PHOTO: A Tesla logo on a Model S is photographed inside of a
TOKYO (Reuters) – Asian shares fell on Wednesday as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington’s threat of tariffs on additional European goods. FILE PHOTO: A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 10, 2019. REUTERS/Issei Kato
NEW YORK (Reuters) – The global stocks rally that followed progress on U.S.-China trade relations stalled on Tuesday, pressured by weak manufacturing data from the euro zone and the United States, and as Washington threatened additional tariffs on European goods. MSCI’s All Country World Index .MIWD00000PUS, which tracks stocks in 47 countries, slipped 0.01%. Investors
SHANGHAI (Reuters) – Asian shares were choppy on Tuesday as weak global manufacturing activity reinforced worries about slowing world growth, while the initial enthusiasm over a Sino-U.S. trade truce gave way to uncertainty over whether the two nations can strike a durable deal. A man walks past an electric screen showing Japan’s Nikkei and Shanghai
NEW YORK/HELSINKI (Reuters) – An agreement by the United States and China to return to the negotiating table on trade is doing little to relieve pressure on the Federal Reserve to cut interest rates. FILE PHOTO: Flags fly above the Federal Reserve building in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo The two