Exclusive: ECB union says staff are losing faith in leadership amid inflation and wages

Exclusive: ECB union says staff are losing faith in leadership amid inflation and wages

40% of ECB staff have little or no confidence Two-thirds say trust is damaged 63% are worried about the ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – (This story from Jan 17 has been corrected to restore deleted words in paragraph 11) European Central Bank staff are losing faith in the institution’s … Read more

Goldman misses earnings estimates as deals slump and consumer business hits

Goldman misses earnings estimates as deals slump and consumer business hits

Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) reported a bigger-than-expected 69% drop in fourth-quarter profit on Tuesday as it battled a drop in deals, lower revenue from the asset and wealth management and recognized losses in its consumer business. Wall Street banks are making drastic staff cuts and streamlining operations as trading activity, … Read more

Fired Twitter employees urged to drop severance charges, judge says

Fired Twitter employees urged to drop severance charges, judge says

Jan 14 (Reuters) – Twitter Inc has won a ruling allowing the social media company to force several dismissed workers pursuing their dismissals to pursue their claims through individual arbitration rather than a class action. U.S. District Judge James Donato ruled on Friday that five former Twitter employees suing a proposed class action lawsuit accusing … Read more

The Swedish LKAB discovers the largest deposit of rare earth metals in Europe

The Swedish LKAB discovers the largest deposit of rare earth metals in Europe

LKAB identifies more than 1 million tons of resources The company will apply for a concession to develop the site Exploitation of the deposit still visible in 10 to 15 years Could eventually reduce EU dependence on imports KIRUNA, Sweden/STOCKHOLM, Jan 12 (Reuters) – Sweden’s state-owned mining company LKAB said on Thursday it had identified … Read more

Police tackle barricaded coal mine protesters in abandoned German village

Police tackle barricaded coal mine protesters in abandoned German village

LUETZERATH, Germany, January 11 (Reuters) – Hundreds of police began clearing climate protesters from an abandoned village on Wednesday during a standoff over the expansion of an open-pit lignite mine that has shed light on tensions around Germany’s climate policy during an energy crisis. Protesters formed human chains, made a makeshift barricade of old shipping … Read more

Biden’s climate agenda has a problem: Not enough workers

Biden’s climate agenda has a problem: Not enough workers

Jan 11 (Reuters) – U.S. clean energy companies are offering better wages and benefits, bringing in trainers from abroad and considering ideas such as buying roofs and electrical repair shops just to hire their workers as companies try to overcome a labor shortage that threatens to derail President Joe Biden’s climate change agenda. The Cut … Read more