Banks must reflect cost of living crisis in pay, says UK watchdog
Britain’s financial watchdog said on Tuesday that the cost of living crisis, meeting climate targets and improving diversity should be reflected in how banks determine…
Category: Business
Fed’s Daly: More to do on inflation; 2023 rate cuts not her ‘modal’ outlook
The Federal Reserve’s work of bringing down inflation is “nowhere near” done, San Francisco Fed President Mary Daly said on Tuesday, adding U.S. central bank…
Ferrari lifts 2022 forecasts after strong Q2 results, record orders
Ferrari (RACE.MI) beat earnings forecasts and reported record orders in the second quarter, prompting the luxury sports car maker to raise its full-year targets, as…
Horror author Stephen King says writers hurt by book publishing mergers
Horror author Stephen King said writers will have fewer places to shop their books if Penguin Random House is allowed to merge with Simon &…
Risk-off mood hits European shares; U.S.-China tensions weigh
European shares fell on Tuesday as weak global factory data fanned economic slowdown fears, while markets were jitteryon simmering U.S.-China tensions over Taiwan. The pan-European…
U.S. FAA issues new safety directive on Boeing 777 airplanes
The Federal Aviation Administration (FAA) on Tuesday issued an airworthiness directive for all Boeing (BA.N) 777 airplanes over safety concerns. The directive was prompted by…
Work at Stellantis’ Melfi plant halted as logistic contractors strike
Production at Stellantis’ (STLA.MI) Melfi plant in southern Italy was halted on Tuesday due to a strike of the carmaker’s logistics contractors, unions said in…