FRANKFURT (Reuters) – The head of Germany’s accounting watchdog, under fire for failing to spot wrongdoing ahead of the collapse of the payments company Wirecard, is stepping down. The agency, formally known as the Financial...
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Exclusive: Baker Hughes, AXA Group, 16 others quit Nord Stream 2 pipeline – U.S.
By Timothy Gardner WASHINGTON (Reuters) – Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden...
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UK will resist ‘dubious’ EU pressure on banks, says BoE’s Bailey
By Huw Jones and David Milliken LONDON (Reuters) – Britain will resist “very firmly” any European Union attempts to arm-twist banks into shifting trillions of euros in derivatives clearing from Britain to the bloc after...
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Milan prosecutors order food delivery groups to hire riders, pay 733 million euros in fines
By Emilio Parodi MILAN (Reuters) – Milan prosecutors said on Wednesday they had ordered four major food delivery companies to officially hire more than 60,000 workers and pay a total of 733 million euros ($889 million) in fines...
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UK’s Lloyds targets wealth push and office cuts after profit drop
By Iain Withers and Lawrence White LONDON (Reuters) – Lloyds Banking Group’s outgoing Chief Executive António Horta-Osório set out fresh targets to expand the lender’s insurance and wealth business and further cut costs,...
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Turkish court convicts executive, two jet pilots in Ghosn escape trial
By Ezgi Erkoyun ISTANBUL (Reuters) – A Turkish court convicted an executive of Turkish jet company MNG and two pilots for migrant smuggling over their role in flying former Nissan Motor Co Ltd Chairman Carlos Ghosn out of Japan...
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