Month: November 2023
Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
Jane Fraser, CEO of Citigroup Inc., during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” at the Economic Club of Washington in Washington, D.C., March 22, 2023. Valerie Plesch | Bloomberg | Getty Images Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by […]
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UBS manager Ermotti says ‘incredible’ bond demand is ‘a sign to the Swiss banking system’
Sergio Ermotti, CEO of UBS gestures in the course of a panel dialogue at the Swiss-American Chamber of Commerce in Zurich, Switzerland January 18, 2019. Arnd WIegmann | Reuters UBS Team CEO Sergio Ermotti states the “outstanding” sector need for the bank’s new issuance of AT1 (supplemental tier one particular) bonds is a “signal to […]
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FTSE 100 turns positive for the year; European stocks climb as markets assess U.S., China data
European stocks hold onto gains The pan-European Stoxx 600 was up 0.7% by around noon in London, with basic resources adding 2.9% to lead gains as most sectors and major bourses advanced. Telecoms slipped 0.4% lower. FTSE 100 inches into positive territory for the year after UK inflation print A general view inside the foyer […]
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Mortgage demand climbs to the highest level in five weeks after interest rates move lower
Potential homebuyers attend an open house in Seattle. Mike Kane | Bloomberg | Getty Images Current homeowners and potential homebuyers are responding to lower mortgage rates, albeit slowly. Mortgage demand rose 2.8% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the second straight week of […]
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Ukraine war live updates: Russia says ‘hell’ awaits Ukrainians after confirming they’ve crossed Dnipro river into occupied territory
Russia pummels Ukrainian forces that have crossed over Dnipro river into occupied territory Russian forces are pummeling Ukrainian units that have have crossed over the Dnipro river to the Russian-occupied left (or eastern) bank of the river in Kherson, a Russian-installed official said Wednesday. The Kherson area, in southern Ukraine, is partially occupied by Russian forces after […]
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German Court bargains blow to Scholz federal government with spending plan ruling
German Chancellor, Olaf Scholz arrives for the weekly federal govt cupboard conference on Oct. 11, 2023 in Berlin, Germany. Michele Tantussi | Getty Pictures Information | Getty Images Germany’s constitutional court ruled on Wednesday that the government’s re-allocation of 60 billion euros ($65 billion) of unused credit card debt from the pandemic era to a […]
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Israel-Hamas war live updates: Israeli military enters largest hospital in the Gaza Strip
Israeli military opens humanitarian corridor The Israeli Defense Forces have opened a daily humanitarian corridor for the southward evacuation of civilians from the northern part of the Gaza Strip, according to a social media update from Avichay Adraee, IDF spokesperson for Arab media. The military will implement a “temporary tactical suspension” of activities between 10 […]
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Sonic the Hedgehog assisted revive 63-calendar year-previous Sega. The company desires a repeat with its other classics
Nevertheless from Paramount’s “Sonic the Hedgehog 2.” Paramount Right after Sega’s blockbuster adaptation of its basic Sonic the Hedgehog gaming franchise on the large display, the firm proposed it desires to replicate that results with other strike online video video games in its arsenal. Talking with CNBC at the Web Summit tech convention in Libson, […]
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Russia relishes divisions between China and the U.S., pouring chilly water on Xi-Biden talks
SAINT PETERSBURG, RUSSIA – JULY 29: (RUSSIA OUT) Russian President Vladimir Putin speaks throughout his press conference at the Konstantin Palace on July 29, 2023 in Saint Petersburg, Russia. President Putin hosted just 17 African leaders in this years’s summit compared with the 43 who attended in 2019 participate in the Russia-African Summit. Talks centred […]
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Siemens Strength clinches state assures as it posts a 4.6 billion euro once-a-year decline
Siemens Vitality website in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Vitality has secured 7.5 billion euros ($8.15 billion) in undertaking-similar point out ensures from the German authorities, hrs prior to saying a virtually 5 billion euro loss for its fiscal yr. The German overall economy ministry announced late […]
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