News for nerds
Microsoft Corp (MSFT.O) said on Thursday it would extend technology support for Ukraine free of charge through 2023, as Russia’s invasion of the country drags on. Microsoft said it would provide additional technology aid of nearly $100 million, bringing its Read more
The community roundtable was organized as a chance for Atlanta Federal Reserve President Raphael Bostic to hear how a town in the heart of the western Alabama Black Belt approached chronic problems like population loss, housing, and the challenge of Read more
U.S. Deputy Treasury Secretary Wally Adeyemo will travel to Paris, London and Brussels next week, where he will discuss sanctions on Moscow and continue coordinating the implementation of a price cap on Russian oil, a U.S. Treasury spokesperson said. Adeyemo Read more
The chief of Volkswagen’s (VOWG_p.DE) Spanish unit SEAT said on Thursday the subsidies offered by Spanish authorities for a battery factory construction and electric vehicle production “is not sufficient”, but voiced optimism about finding a solution. Speaking at a panel Read more
Credit Suisse profitability could be hit by a drop in asset management fees in the fourth quarter, the Swiss bank said in a financial report late on Wednesday. Lower asset values because of adverse market movements in client portfolios in Read more
BNP Paribas (BNPP.PA), the euro zone’s biggest lender, posted a higher than expected net profit in the third quarter, with thriving trading revenue helping to offset rising costs and markdowns on some leverage financing deals. Net income for the three Read more
The U.S has “no right” to interfere in Chinese cooperation with Germany, China’s foreign ministry said Thursday, after Washington cautioned against Beijing getting a controlling stake in Hamburg’s port terminal. U.S. interference is symptomatic of its practice of coercive diplomacy, Read more