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Month: November 2024

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Elf Beauty says short-seller Muddy Waters’ allegations are ‘without merit’
Posted inStock

Elf Beauty says short-seller Muddy Waters’ allegations are ‘without merit’

(Reuters) – Elf Beauty said on Thursday allegations by short-seller Muddy Waters (NYSE:WAT) about the beauty company overstating its revenue and inventory numbers were “without merit”. Muddy Waters has taken…
Posted by November 21, 2024
Mercedes to cut costs by billions per year as China weakens – report
Posted inStock

Mercedes to cut costs by billions per year as China weakens – report

Investing.com — Mercedes-Benz (OTC:MBGAF) is taking steps to reduce costs by billions of euros annually in response to ongoing difficulties in the global automotive market, the Handelsblatt newspaper reported on…
Posted by November 21, 2024
Work one day for free, French asked in latest budget plan
Posted inEconomy

Work one day for free, French asked in latest budget plan

By Leigh Thomas PARIS (Reuters) – France’s national budget is so strained that lawmakers are pushing a proposal to make the French work an extra seven hours each year without…
Posted by November 21, 2024
South African central bank trims key rate but stresses tough backdrop
Posted inEconomy

South African central bank trims key rate but stresses tough backdrop

PRETORIA (Reuters) – South Africa’s central bank opted for another small cut to its main interest rate on Thursday, stressing the global economic backdrop was tough and the outlook highly…
Posted by November 21, 2024
Turkish job seekers losing hope amid painful economic rebalancing
Posted inEconomy

Turkish job seekers losing hope amid painful economic rebalancing

By Ezgi Erkoyun and Ceyda Caglayan ISTANBUL (Reuters) – Berkay Ucar has almost given up hope of finding work after his eight-month search only generated a few unsuccessful interviews. Living…
Posted by November 21, 2024
Turkey’s central bank holds key rate steady at 50%
Posted inEconomy

Turkey’s central bank holds key rate steady at 50%

ANKARA – The Central Bank of the Republic of Turkey announced its decision to maintain the one-week repo auction rate at 50 percent, adhering to its current monetary policy stance.…
Posted by November 21, 2024
Turkey’s central bank holds rate steady, market eyes December cut
Posted inEconomy

Turkey’s central bank holds rate steady, market eyes December cut

By Ezgi Erkoyun and Huseyin Hayatsever ISTANBUL (Reuters) -Turkey’s central bank held its policy rate steady at 50% on Thursday, as expected, and said it remained attentive to inflation risks,…
Posted by November 21, 2024
South African Reserve Bank cuts repurchase rate to 7.75%
Posted inEconomy

South African Reserve Bank cuts repurchase rate to 7.75%

PRETORIA – The South African Reserve Bank (SARB) has announced a reduction in the repurchase rate by 25 basis points to 7.75%, effective from November 22, 2024, as conveyed in…
Posted by November 21, 2024
Kenya cancels proposed deals with Adani Group after U.S. indictments
Posted inEconomy

Kenya cancels proposed deals with Adani Group after U.S. indictments

NAIROBI (Reuters) -Kenyan President William Ruto said on Thursday he had ordered the cancellation of a procurement process expected to hand control of the country’s main airport to India’s Adani…
Posted by November 21, 2024
Cardinal Farrell named administrator to address Vatican pension financial challenges
Posted inEconomy

Cardinal Farrell named administrator to address Vatican pension financial challenges

VATICAN CITY – In a decisive move to address the looming financial challenges of the Vatican’s Pension Fund, Pope Francis has appointed Cardinal Kevin Farrell as the Sole Administrator. The…
Posted by November 21, 2024

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