Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024. Brendan Mcdermid | Reuters The forces that consumed three regional lenders in March 2023 have left hundreds of smaller banks wounded, as merger activity — a key potential lifeline — […]
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Unilever to split off its ice cream unit including Ben & Jerry’s
Ben & Jerry’s ice cream on May 24, 2022. Nurphoto | Nurphoto | Getty Images Shares of consumer goods giant Unilever popped on Tuesday after the company announced plans to separate its ice cream unit, which includes Ben & Jerry’s and Magnum, as part of a restructuring that will impact […]
Bentley delays all-EV plan amid changing market conditions, vehicle development challenges
Bentley Continental GTC Speed in Kingfisher. Adam Jeffery | CNBC Bentley Motors is pushing back its plans to exclusively offer all-electric vehicles by the end of this decade due to changing market conditions and a delay in its first EV. CEO Adrian Hallmark said the famed British luxury carmaker remains […]
Unilever to split off its ice cream unit including Ben & Jerry’s; shares pop 5%
Ben & Jerry’s ice cream on May 24, 2022. Nurphoto | Nurphoto | Getty Images Shares of consumer goods giant Unilever rose more than 5% Tuesday after the company announced plans to separate its ice cream unit, which includes Ben & Jerry’s and Magnum, as part of a restructuring that […]
‘Alarm bells are ringing’: Poland’s president says NATO must urgently ramp up defense spending
Polish President Andrzej Duda speaks to members of the media following a meeting with U.S. President Joe Biden at the White House on March 12, 2024 in Washington, DC. Kevin Dietsch | Getty Images Polish President Andrzej Duda said Monday that NATO must urgently increase its defense spending to ensure […]
War, reforms and a possible successor? Here’s what we could see from 6 more years of Putin
Russian President and presidential candidate Vladimir Putin addresses the crowd during a rally and a concert celebrating the 10th anniversary of Russia’s annexation of Crimea at Red Square in Moscow on March 18, 2024. Natalia Kolesnikova | Afp | Getty Images It was among the least surprising political events so […]
Germany’s refusal to send ‘Taurus’ missiles to Ukraine is highly contentious — but won’t break the government
Federal Chancellor Olaf Scholz (SPD) receives French President Macron and Polish Prime Minister Tusk with military honors at the Federal Chancellery for a joint meeting. Christoph Soeder | Picture Alliance | Getty Images Debate around military aid to Ukraine is deepening the cracks in Germany’s administration — but despite “extremely unusual” public […]
An activist short-seller is making a name for itself by taking on Carl Ichan, Gautam Adani and others
NEW YORK – Jan. 6, 2023: Nate Anderson works at his desk. Anderson exposes corporate fraud and ponzi schemes through his company Hindenburg Research. The Washington Post | The Washington Post | Getty Images Hindenburg Research has established itself as one of the most powerful voices in public activist short-selling, […]
Bank of Japan ends the world’s only negative rates regime in a historic move, abandons yield curve control
An editorial montage of the Japan flag and Japanese yen cash bank notes Javier Ghersi | Moment | Getty Images Japan’s central bank raised interest rates on Tuesday for the first time since 2007, ending the world’s only negative rates regime on early signs of robust wage gains this year. […]
China tightens regulations on consumer finance companies
BEIJING, CHINA – MARCH 04: Chinese national flags flutter at the Great Hall of the People as the second session of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC) opens on March 4, 2024 in Beijing, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual […]