Former Citibank Analyst's Unfair Dismissal Claim Rejected 　　Employee Lied About Food Expenses　　A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after a tribunal discovered he had lied about buying food for his partner and charging it to his employer. 　　Fekete, who was a senior analyst, claimed he had been both wrongfully and unfairly dismissed by Citibank....

　　Generative AI: Adobe's Finance Organization Embraces Innovation 　　Introduction　　Adobe, a leading software company, is charging full steam ahead towards a future powered by generative AI products, with finance playing a pivotal role in this transformative journey. Dan Durn, CFO and EVP of finance, technology services, and operations at Adobe, emphasizes the significance of the finance organization's involvement in strategic discussions, understanding...

　　California's New Law: Turning Parking Lots into Affordable Housing 　　Introduction　　In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing. 　　The Law's Provisions　　The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...

The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * US core inflation firmer in February * UBS Global Wealth Management cuts S&P 500 year-end target * Lululemon shares slide after bleak annual outlook * Indexes off: Dow 1.19%, S&P 500 1.39%, Nasdaq 1.96% (Updates to mid-session trading) By...

(Reuters) - UBS Global Wealth Management cut the S&P 500's 2025 target to below the 6,500 mark, widely mirroring actions from other Wall Street firms including Barclays and Goldman Sachs, due to the economic impact of U.S. tariffs. The wealth management unit of European bank UBS, cut its year-end index target to 6,400 from 6,600 even as it holds an...

11:56 AM EDT, 03/28/2025 (MT Newswires) -- The Nasdaq Composite was down over 2% while the Dow Jones and S&P 500 were down past 1% in late-morning trading Friday after February inflation data came in higher than expected and investors continue to grapple with tariff uncertainty. The personal consumption expenditures price index rose by 0.3% in February, as expected in...

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 500 points on Friday. The Dow traded down 1.21% to 41,788.66 while the NASDAQ fell 2.11% to 17,424.77. The S&P 500 also fell, dropping, 1.49% to 5,608.74. Check This Out: Jim Cramer: Stryker Is A ‘Good’ Company, Says He Likes This Utilities Stock Leading and...

Executives from Microsoft Corp., Citigroup Inc., Tesla Inc. and other large multinationals are meeting this week with Chinese President Xi Jinping and other Asian leaders, as well as US President Joe Biden.

Both Alibaba and traditional rival JD.com are coming off a disappointing Singles' Day campaign, with only single-digit percentage growth during their signature annual shopping festival.

Nearly all Open AI employees have threatened to quit unless the board stepped down with both Microsoft and Salesforce putting out offers to poach the disgruntled employees.

Efforts by a group of OpenAI executives and investors to reinstate Sam Altman to his role as chief executive officer...

The probe pertains to Dapoli resort, which is allegedly illegal. The former minister and Shiv Sena (Uddhav) leader, Anil Parab, allegedly wangled a permit to use land meant for agricultural use. The ED had started the investigation under the the Prevention of Money Laundering Act (PMLA) after a complaint from the Environment Ministry.

Accusing Kejriwal of being busy with election campaigning in poll-bound states and waking up to the situation late, Minister of State for Consumer Affairs, Food, and Public Distribution, Ashwini Kumar Choubey, said that the Centre had held a meeting with Chief Secretaries and senior officials from four North Indian states on 20th October to discuss measures to reduce air pollution, which he claims weren't adopted by the AAP-led governments.

Activists have contended that words like "ecotourism facilities" and "any other purposes" are too vague and may pave the way for widespread exploitation and misuse.

A fire that broke out at the waste treatment plant in Kochi on March 2, 2023, continues to spread toxic fumes even after 11 days of the incident. The Kerala government has said that 95 percent of the fire has been extinguished, but the smoke from the landfill has not entirely subsided. 

April 15 (Reuters) - Citigroup's ( C/PN ) David Bailin, chief investment officer (CIO) at the global wealth division, will leave on May 15 after 15 years at the bank, he said in a LinkedIn post on Monday. Bailin became the global head of investments in 2017 and took his current job in 2019. Before joining Citi, he was the...

Tesla Inc ( TSLA ) shares are trading lower Monday following reports the company is planning to lay off between 10% and 20% of its workforce. Wedbush’s Dan Ives reacted to the news in a new note released Monday afternoon. What Happened: According to an Electric report, Tesla has told employees it will begin shortening shifts as it prepares for...

WASHINGTON, April 15 (Reuters) - The U.S. State Department has approved the potential sale of aircraft contractor logistics support and training to Iraq for an estimated cost of $140 million, the Pentagon said on Monday. The training and support apply to Iraq's C-172 and AC/RC-208 aircraft fleet, the Pentagon said in a statement. The principal contractor will be Northrop Grumman...

WASHINGTON, April 15 (Reuters) - The U.S. Environmental Protection Agency on Monday denied a years-old petition by energy industry groups who sought to get the agency to remove limits on emissions of harmful pollutants from stationary turbines, arguing that the risk causing cancer remains high. The agency denied the joint petition filed in 2019 by groups including American Fuel &...

Circle CEO Jeremy Allaire has stated that stablecoins could account for 10% of global economic money within the next decade or so. Allaire shared his vision in a June 19 X post, revealing the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before. Stablecoins Could Revolutionize Global Economy Allaire noted that stablecoins, a ‘killer app’ for crypto,...

The decentralized layer-1 blockchain, The Open Network (TON), has grown into one of the most popular chains and is seeing high activity as users flock to the ecosystem. A CryptoQuant Quicktake by an analyst revealed that the networks on-chain metrics are skyrocketing, with its daily transfer volume reaching 10% of Bitcoins figures. These parabolic metrics highlight the networks unwavering growth....

Cryptocurrency investors have shown extreme levels of fear and uncertainty toward bitcoin (BTC) over the past month. According to on-chain data analysis firm Santiment, this extended period of negativity is unusual and could signal a potential buying opportunity for those who can endure the markets inherent volatility. Record FUD Levels and Whale Accumulation Many investors are anticipating a rebound in...

Crypto exchange Kraken says it got its money back from the “security researchers” that took $3 million from the platform this year. “Update: We can now confirm the funds have been returned (minus a small amount lost to fees),” tweeted Nick Percoco, Chief Security Officer for Kraken, on Thursday. Kraken Gets Its Money Back Though Kraken first refused to identify...