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WeWork Raises Doubt About Its Survival
Business

WeWork Raises Doubt About Its Survival

WeWork on Tuesday raised doubt about its ability to stay in business as the co-working space provider faces losses and a dwindling cash pile amid

Bank of England Raises Key Interest Rate by Quarter Point
Business

Bank of England Raises Key Interest Rate by Quarter Point

The central bank increased its key rate for the 14th time in a row and said it may do so again as it tries to

ECB Raises Rates, Says Pausing Is an Option
Business

ECB Raises Rates, Says Pausing Is an Option

The euro fell against the dollar as President Christine Lagarde said the central bank was keeping an open mind on its next rate call. Source

Federal Reserve Raises Interest Rates to 22-Year High
Business

Federal Reserve Raises Interest Rates to 22-Year High

Officials have slowed the pace of increases this year but aren’t sure they have fully tackled inflation. Source link

American Airlines Raises Profit Outlook as Demand for Trips Abroad Heats Up
Business

American Airlines Raises Profit Outlook as Demand for Trips Abroad Heats Up

The airline said quarterly sales rose almost 5% from a year ago and above analysts’ expectations. Source link

BoE's Bailey urges firms to assume lower inflation when setting prices By Reuters
Finances

Turkey raises rate by 250 bp to 17.5%, below expectations By Reuters

© Reuters. FILE PHOTO: A logo of Turkey’s Central Bank is pictured at the entrance of its headquarters in Ankara, Turkey October 15, 2021. REUTERS/Cagla

European banks default-risk indicator jumps, AT1 bonds fall By Reuters
Finances

Bain Capital raises $1.15 billion for first fund dedicated to insurance investments By Reuters

© Reuters. FILE PHOTO: The logo of Bain Capital is displayed on the screen during a news conference in Tokyo, Japan October 5, 2017. REUTERS/Kim

Rivian to relocate staff to Illinois EV plant to accelerate production
Finances

Truck maker Volvo raises market outlook after Q2 profit jump By Reuters

© Reuters. FILE PHOTO-President and CEO of AB Volvo Martin Lundstedt stands in front of a Volvo truck, on the occasion of the publication of

Nervousness over banks sends euro 1% lower despite PMI By Reuters
Finances

Novartis raises outlook, maps out Sandoz spin-off By Reuters

© Reuters. FILE PHOTO: The company’s logo is seen at the new cell and gene therapy factory of Swiss drugmaker Novartis in Stein, Switzerland, November