By Shristi Achar A and Shashwat Chauhan
(Reuters) -European shares slipped on Tuesday as falling commodity prices weighed on mining and energy stocks, though caution remained ahead of European Central Bank's interest rate decision later this week.
The continent-wide STOXX 600 closed 0.5% lower, snapping a three-day winning streak.
Energy stocks led losses with a 2.6% drop, hitting an over a two-month low, tracking a more than... (continue reading...)
WASHINGTON (Reuters) - The White House on Tuesday said a solution for monetizing some $300 billion in frozen Russian assets to aid Ukraine must be hammered out together with allies and other countries.
White House spokesperson John Kirby told reporters the issue was expected to come up during President Joe Biden's visit to France this week and then during a summit with Group of Seven leaders in Italy next week, but declined to say if an agreement was... (continue reading...)
MILAN (Reuters) - Stellantis sees its Italian plants running at full capacity in 2030 as plans for new models, including hybrid ones, are expected to support production, Chief Executive Carlos Tavares said on Tuesday.
Stellantis and the Italian government have fought a war of words in recent months over the automaker's falling output in the country, with Rome criticising it for moving production of some models of its historic Italian brands Fiat and... (continue reading...)
By Tatiana Bautzer
NEW YORK (Reuters) - Viswas Raghavan joined Citigroup as its new head of banking this week in New York, the lender said on Tuesday, after it hired the former head of investment banking from JPMorgan this year.
Citi's CEO Jane Fraser has expressed high hopes for Raghavan as she seeks to turn around the company and revitalize its division catering to multinational corporations.
In a Linkedin post on... (continue reading...)
By Rajesh Kumar Singh
CHICAGO (Reuters) - United Airlines will hire fewer-than-expected employees this year due to delays in aircraft deliveries from Boeing, a company executive said on Tuesday.
Kate Gebo, head of United's human resources and labor relations, told reporters the airline currently expects to hire close to 10,000 new employees in 2024 compared with 13,000 to 15,000 employees planned earlier.
Since January, the... (continue reading...)
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