Facebook owner Meta starts final round of layoffs
By Katie Paul NEW YORK (Reuters) -Meta Platforms Inc started carrying out the last batch of a three-part round of
2023-05-24 20:27
Lula Lashes Out and Sends Warning to Central Bankers Everywhere
There are few, if any, leaders in the world who are publicly lashing out at central bankers more
2023-05-24 20:25
Bank of Montreal Misses Forecast; Loan-Loss Set-Asides Grow
Bank of Montreal posted a surprise drop in fiscal second-quarter profit as it set aside a larger provision
2023-05-24 20:16
Southampton confirm manager Ruben Selles will depart after final game of the season
Southampton have confirmed that manager Ruben Selles will not have his contract renewed at the end of the season. A dismal 2022/23 campaign has seen Saints relegated to the Championship, bottom of the Premier League table with one match to play. Ralph Hasenhuttl was dismissed partway through and Nathan Jones appointed, but his tenure was disastrous and short-lived, with Selles taking over from him in February, initially as interim boss. After a positive response and a couple of improved results, Selles was handed the job until the end of the season and was initially bullish about his team’s chances of survival, but a run of just one draw and nine defeats in their last ten has seen them brutally cut adrift and consigned to the drop. Southampton have now confirmed that after talks with the Spaniard, the 39-year-old will not be retained as the south coast club undertake a sweeping overhaul in preparation for life in the second tier. A short statement read: “The club wants to place on record its thanks to Ruben for taking on the managerial position at a difficult time for the club and for giving his all as we attempted to stay in the Premier League. “Ruben will take charge of the team for the final game against Liverpool on Sunday at St Mary’s. We wish him all the best for his future career.” Earlier in the week, Saints also confirmed the departure of Martin Semmens as CEO, a position he had held since 2019. Ownership group Sport Republic announced they were “taking full operational control” with Dragan Solak appointed Chairman of Sport Republic with the mandate to have an active role in overseeing “the activities of the Group” and “supporting the leadership of the club”. Rasmus Ankersen remains in charge of football strategy and Henrik Kraft stays as Saints’ chairman, while also now taking on the role of interim CEO until a replacement for Semmens is confirmed. Jason Wilcox is also arriving at the club this summer as director of football. Read More When does the Premier League transfer window open and close this summer? Supercharged Newcastle’s four key transfer targets to strengthen for Champions League Roberto De Zerbi: Brighton’s Lewis Dunk has been playing through pain barrier
2023-05-24 19:57
BMO, Scotiabank Earnings Miss as Loan-Loss Provisions Increase
Bank of Montreal and Bank of Nova Scotia missed earnings estimates after both Canadian banks reported higher loan-loss
2023-05-24 19:56
Will the debt ceiling debate finish the Fed's inflation fight?
Over the last 14 months, the Federal Reserve has taken a deliberate and economically painful approach to combating elevated inflation rates through interest rate hikes. The regional banking crisis and a possible debt-ceiling induced default on US debt could change all of that.
2023-05-24 19:54
Israel Passes Budget With Big Grants to Ultra-Orthodox
Israel’s parliament passed a national two-year budget that includes billions of dollars in funding for West Bank settlements
2023-05-24 19:54
No blanket spending cuts in 2024 budget, says German Finance Minister
BERLIN There will be no blanket spending cuts in the 2024 budget, German Finance Minister Christian Lindner said
2023-05-24 19:51
EU Banks Are Said to Sail Through Early Round of Stress Test
Many large European banks are emerging from early rounds of a key stress test in robust financial health,
2023-05-24 19:50
German climate activists raided for forming 'criminal group'
German police launch raids in seven states against a group involved in controversial stunts.
2023-05-24 19:50
Uber steps up EV push in India with Uber Green
By Aditi Shah and Navamya Ganesh Acharya NEW DELHI/BENGALURU (Reuters) -Ride-hailing platform Uber Technologies is stepping up its efforts to
2023-05-24 18:21
Cayman Islands regulator explores legal options after Silicon Valley Bank deposit seizure - WSJ
The Cayman Islands Monetary Authority (CIMA) is exploring legal options after the U.S. Federal Deposit Insurance Corp seized
2023-05-24 18:19