EU may waive state-subsidy rules to bolster virus-hit economy

BRUSSELS (Reuters) – European Union officials are considering temporarily suspending its rules on state subsidies and financial support to economic segments hit hardest by the coronavirus outbreak, an official said on Friday. Euro zone growth is likely to be slower this year than the 1.2% forecast just last month because Continue Reading

Wall Street backs away from Arctic drilling amid Alaska political heat

ANCHORAGE, Alaska (Reuters) – Three big U.S. banks have publicly announced break-ups with Arctic drilling in recent months, reflecting Wall Street’s increasing desire to cast itself as environmentally friendly amid a political firestorm in Alaska. Banks and investment managers have been backing away from fossil-fuel development in the face of Continue Reading

Factbox: Jack Welch proteges who led Corporate America

FILE PHOTO: FILE PHOTO: Former CEO of General Electric, Jack Welch, speaks during the World Business Forum in New York October 5, 2010. REUTERS/Lucas Jackson/File Photo/File Photo (Reuters) – Jack Welch, one of the most influential business leaders and former chief executive officer of General Electric Co (GE.N), has died Continue Reading