Reuters Novartis to cut up to 8,000 jobs globally ZURICH (Reuters) -Novartis said on Tuesday a previously announced restructuring programme could lead to 8,000 jobs being cut, or about 7.4% of its global workforce, including up to 1,400 in Switzerland. The job cuts, previously projected by
Now is the time to buy McDonald 's, a defensive name to ride out slowing consumer spending, according to Atlantic Equities. Analyst Edward Lewis upgraded the fast-food giant to overweight, saying in a note to clients Wednesday that the company is "more than just a
Associated Press Yacht of wealthiest Russian oligarch docked in haven Dubai The man considered to be the wealthiest oligarch in Russia, who has been photographed playing ice hockey with President Vladimir Putin, joins a growing list of those transferring — or, sailing — their prized assets to
Text size NIO denied accounting allegations in a report by short-seller Grizzly Research. Qilai Shen/Bloomberg
Reuters Crypto crash threatens North Korea's stolen funds as it ramps up weapons tests The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and
Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015. Lucas Jackson | Reuters Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday that if economic conditions remain the same
A drilling rig at a gas processing facility, operated by Gazprom. Maxim Shemetov | Reuters The European Union's best shot at replacing Russian gas imports this year is likely to miss the mark, analysts predict, exerting further pressure on the region's economy. The EU plans to replace two-thirds
A leader of the U.S. Federal Communications Commission said he has asked Apple and Google to remove TikTok from their app stores over data security concerns. Pictured here is the TikTok download page on an Apple iPhone on August 7, 2020. Drew Angerer | Getty Images
Philip Lane, chief economist of the European Central Bank. Bloomberg | Bloomberg | Getty Images European Central Bank Chief Economist Philip Lane said the Frankfurt institution will have to remain vigilant over the coming months with the prospect of inflation spiraling ever higher alongside the risk of
