Brazil's new President Luiz Inacio Lula da Silva held his first cabinet meeting Friday, getting down to the business of "rebuilding" and "reunifying" the country after his divisive election battle with far-right predecessor Jair Bolsonaro.. - Northeastern connection - Lula, who won the October election thanks to overwhelming support in Brazil's impoverished northeast, has named four former governors from the region to his cabinet.
Denise Coates, co-chief executive of online betting giant Bet365, pocketed annual pay totalling £260 million ($311 million), the company and media said Friday, placing her among Britain's top paid bosses.. Coates regularly features at the top of lists of Britain's top earners.
US job gains exceeded expectations in December while the unemployment rate ticked down, a closely-watched government report said Friday, signaling resilience in the labor market despite efforts to cool the economy.. - 'Slowing wage growth' - "Notable job gains occurred in leisure and hospitality, health care, construction, and social assistance," said the report on Friday.
US banking giant Wells Fargo on Friday sacked a top Indian executive now being pursued by police for allegedly urinating on a fellow passenger aboard an Air India flight.. "This individual has been terminated from Wells Fargo," it added, without naming Mishra or specifying his position.
The eurozone's annual inflation rate fell for a second month in a row, to 9.2 percent in December, driven by easing energy prices, official data showed Friday, bringing some relief to Europe in the new year.. Across the Atlantic, officials from the US Federal Reserve also indicated there would be more rate hikes this year to keep prices under control. aro-raz/rmb/kjm
World food prices fell for a ninth month in a row in December but hit their highest level on record for the full year in 2022, UN data showed Friday.. The FAO's vegetable oil price index reached a new record high in 2022 but fell 6.7 percent month-on-month in December to its lowest level since February 2021.
Pakistan's central bank forex reserves have plunged to an eight-year low of $5.6 billion, posing a serious challenge for the country in financing imports.. The latest data from the central bank released overnight -- for the week ending December 30 -- show the country has half the foreign exchange reserves it held a year ago.
German pharmaceutical company BioNTech, which developed a trailblazing Covid-19 vaccine, will trial a cancer treatment in Britain using the same mRNA technology, the company said on Friday.. The company has been developing mRNA-based cancer therapies since it was founded in 2008 and they have been trialled on several hundred people so far. fec/hmn/lth
British energy giant Shell on Friday said windfall taxes imposed by the European Union and UK following a surge in profits would cost the group about $2 billion.. Shell said in a statement Friday that the impact on fourth quarter earnings of the EU and UK windfall taxes "is expected to be around $2 billion".
Higher borrowing costs are leading to fewer US home sales, but prices are staying elevated in a holdover from the torrid peak-pandemic market.. But that's still up 3.5 percent from the year-ago period and some 30 percent higher compared with May 2020 before the pandemic set the market ablaze.
