Deutsche Bank will cut 3,500 jobs even as it records $4.5 billion profit last year
FRANKFURT, Germany (AP) — Deutsche Bank said Thursday that it would cut 3,500 jobs as part of efforts to slash costs by 2.5 billion euros ($2.7 billion) through next year and boost profits even as Germany’s largest lender benefits from .
The bank said it would seek to streamline its marketing network and computer systems and software as it seeks to cut costs. It said the reduction in the number of positions would mostly be for jobs that don’t involve directly
Indian police clear a suspected Chinese spy pigeon after 8 months in bird lockup
NEW DELHI (AP) — Indian police cleared a suspected Chinese spy pigeon after eight months’ detention and released it into the wild Tuesday, news agency Press Trust of India reported.
The pigeon’s ordeal began in May when it was captured near a port in Mumbai with two rings tied to its legs, carrying words that looked like Chinese. Police suspected it was involved in espionage and took it in, later sending it to Mumbai’s Bai Sakarbai Dinshaw Petit Hospital for Animals.
Eventually, it turned out the
Shell profits plunge last year from a record high as oil and natural gas prices drop
LONDON (AP) — Oil giant Shell saw profits tumble by nearly a third in 2023 as a result of lower oil and natural gas prices, which had in the wake of Russia’s invasion of Ukraine.
In a statement Thursday, London-based Shell said its post-tax earnings fell 29%, to $28.3 billion from .
The main reason behind the decline was the , with oil trading at an average of $82 a barrel against $100 the
A woman and her 2 young daughters are in a hospital after a ‘corrosive substance’ attack in London
LONDON (AP) — A woman and her two young daughters had a corrosive substance thrown on them in London, where they were receiving treatment at a hospital Thursday, police said.
The city’s Metropolitan Police force said officers received reports that a man pushed a 3-year-old girl to the ground and threw an alkaline substance at her, her 8-year-old sister and the girls’ 31-year-old mother near Clapham Common, a residential area in south London, on Wednesday evening
NCAA spent years fighting losing battles and left itself helpless to defend legal challenges
Years of fighting losing battles have left the NCAA almost helpless to defend itself.
The legal pile-on against the largest governing body for college sports in the Unites States continued Wednesday when that seeks to throw out the few rules the NCAA has to regulate how athletes can be compensated for name, image and likeness.
That pushes the number of to at least five.
Denial and previous court losses — most notably a unanimous decision against the NCAA — have flung the doors open to legal scrutiny the NCAA and so-called collegiate
Villages in Spain’s parched northeast struggle to keep drinking water flowing
GUALBA, Spain (AP) — Plastic jugs in hand, Joan Torrent takes a path into the woods in search of drinking water. He fills them at a natural spring and then hauls them back to his home in Gualba, a picturesque village near Barcelona that like many towns in Spain is bearing the worst of a record drought.
For Torrent, making this walk for water several times a week with the 8-liter (2-gallon) jugs is a minor inconvenience, but one that may become more common as
Musk wants Tesla investors to vote on switching the carmaker’s corporate registration to Texas
Elon Musk wants Tesla investors to decide on moving the company’s corporate listing to Texas after a Delaware court decided he .
The electric car company’s CEO said early Thursday that Tesla would get shareholders to vote on whether to switch its corporate registration to Texas, where its physical headquarters is located.
“Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” on his social media platform X, formerly known as Twitter.
Musk had earlier on the same question, with 87
Julius Baer CEO resigns as Swiss bank announces plans to quit private debt business
GENEVA (AP) — Julius Baer says its CEO is resigning and the Swiss bank is quitting the private debt business as well as setting aside more than a half-billion Swiss francs (dollars) reportedly over its exposure to bankrupt Austrian asset manager Signa.
Chairman Romeo Lacher expressed “regret” during a presentation Thursday on the bank’s 2023 results, saying management had not been a “good steward of our firm” but that the troubles were a “single credit event” and other parts of the
EU asks Kosovo to delay requiring ethnic Serbians to use Euros
PRISTINA, Kosovo (AP) — The European Union on Thursday called on Kosovo to postpone an effort to force ethnic Serbian-dominated areas to adopt the euro currency like in the rest of the country, as rules that would block use of the Serbian dinar went into effect.
Most of Kosovo uses the euro, even though the country isn’t part of the EU. But parts of Kosovo’s north, populated mostly by ethnic Serbs, continue to use the dinar. Many rely on the government of Serbia for
UK judge dismisses Trump’s lawsuit over dossier containing ‘shocking and scandalous claims’
LONDON (AP) — A judge in London on Thursday threw out a lawsuit by former U.S. President that accused a former British spy of making “shocking and scandalous claims” that were false and harmed his reputation.
Judge Karen Steyn said the case Trump filed against Orbis Business Intelligence should be dismissed. “There are no compelling reasons to allow the claim to proceed to trial,” she said.
The ruling comes as Trump, the front-runner for the 2024 Republican presidential nomination, faces