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New York Times business news - May 13

May 13 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Federal Reserve Chair Jerome Powell said on Thursday the central bank has both the tools and resolve to bring down rapid inflation — though he acknowledged that the path to lowe
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Still too hot

A look at the day ahead from Danilo Masoni. The return of U.S. inflation to more bearable levels is not going to happen overnight so those who were hoping for a clear signal that price pressures had peaked got disappointed. April's hot consumer price data did leave bets of aggressive Fed tightening broadly intact and with them the spectre that a ha
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Siemens sees further financial risks from quitting Russia

ZURICH, May 12 (Reuters) - Siemens SIEGn.DE sees further financial risks from its decision to exit Russia, CEO Roland Busch said on Thursday. "From today's perspective, we foresee further potential risks for net income in the low- to mid-triple-digit million range – although we can't define an exact timeframe," Busch told reporters after the Germ
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Siemens to leave Russia due to Ukraine war, take hefty charge

* Siemens to leave Russia after 170 years * Russia makes up around 1% of total revenues * Shares fall after earnings miss * CEO condemns the war in Ukraine (Rewrites, adding share price, analyst) By John Revill ZURICH, May 12 (Reuters) - Siemens SIEGn.DE will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 milli
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Companies confront a new climate challenge: home offices

By Paresh Dave May 5 (Reuters) - Tech and financial companies leading efforts to cut climate changing emissions are finding a new challenge from remote work: the CO2 spewing out of home offices. A few companies have begun counting what happens when employees boot up computers at home, turn up gas furnaces and ignore the world's most energy-efficien
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Big business joins forces to bridge Germany's growing skills gap

By Victoria Waldersee BERLIN, April 22 (Reuters) - Germany's industrial heavyweights are teaming up to retrain workers in areas such as software and logistics to fill a growing skills gap and avoid layoffs among workers of all ages as the economy shifts to clean energy and online shopping. More than 36 major companies, ranging from auto suppliers s
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Former aircraft designer Shimada may find silver lining in Toshiba gloom

By Makiko Yamazaki TOKYO, March 28 (Reuters) - The crisis at Toshiba Corp 6502.T may have a silver lining for new boss Taro Shimada, allowing him to keep - at least for now - businesses pivotal to his digital strategy that predecessors had planned to sell. Investors last week voted down management's plan to spin off Toshiba's devices unit with near
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Former aircraft designer Shimada may find silver lining in Toshiba gloom

By Makiko Yamazaki TOKYO, March 28 (Reuters) - The crisis at Toshiba Corp 6502.T may have a silver lining for new boss Taro Shimada, allowing him to keep - at least for now - businesses pivotal to his digital strategy that predecessors had planned to sell. Investors last week voted down management's plan to spin off Toshiba's devices unit, as well
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Biden to boost made-in-America goods as Siemens adds factory jobs

WASHINGTON, March 4 (Reuters) - U.S. President Joe Biden on Friday will announce requirements for the government to buy more made-in-America goods at a White House event where Germany's Siemens AG SIEGn.DE will commit to new investments in U.S. manufacturing. Biden has vowed to direct more of the $600 billion in federal spending each year toward do
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European shares edge lower as rising yields, weak results rattle tech

* Siemens marks best day in 13 months * German DAX index supported by strong results * AstraZeneca up on strong sales forecast (Updates to market close) By Shreyashi Sanyal and Ambar Warrick Feb 10 (Reuters) - European shares ended slightly lower on Thursday as rising bond yields and weak results from France's Atos dampened the tech sector, althoug
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German shares lead Europe higher after Siemens posts strong profit

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Feb 10 (Reuters) - European shares extended gains on Thursday, a day after their best session so far this year, led by German shares that got a boost from technology group Siemens' robust quarterly profit. Shares of Siemens SIEGn.DE jumped 7
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Siemens reports big surge in orders as profit beats forecast

By John Revill ZURICH, Feb 10 (Reuters) - Siemens SIEGn.DE reported better-than-expected industrial profit on Thursday as the German technology group said it was seeing "extraordinary" order intake from its customers. Orders surged 52% to 24.21 billion euros ($27.66 billion), well ahead of expectations, the maker of trains and factory software said
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Siemens deal to sell its logistics business 'imminent' -sources

ZURICH, Feb 9 (Reuters) - Siemens SIEGn.DE is very close to selling its logistics business, sources have told Reuters, with a deal likely to be "imminent". Siemens's supervisory board is due to meet on Wednesday, ahead of the company's earnings on Thursday, and will make a decision on the successful bidder, the sources said. The company declined to
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ABB expects supply bottlenecks to continue in short term

* Saw big demand uptick in all sectors in Q4 * Orders grew much more strongly than revenues * Expects market to stay stable at start of 2022 * Sees positive market momentum this year By John Revill ZURICH, Feb 3 (Reuters) - ABB ABBN.S expects supply chain shortages to remain a drag on growth at the start of 2022, the Swiss engineering group said on
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Abu Dhabi's Masdar signs green hydrogen deals with Engie, TotalEnergies

DUBAI, Jan 19 (Reuters) - Abu Dhabi renewable energy group Masdar has signed a deal to develop a green hydrogen production plant in the United Arab Emirates with France's Engie ENGIE.PA and Fertiglobe, the company said on Wednesday. In a separate statement, it said it had also agreed with TotalEnergies TTEF.PA and Siemens SIEGn.DE to co-develop a p
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Financial Times - Jan 18

Jan 18 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK should fix Brexit red tape, says trade group Link - UK looks at payments to energy suppliers to shield consumers from high bills Link - BBC output and services under threat from li
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British Business - Dec. 10

Dec 10 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - UK business secretary Kwasi Kwarteng has signed off on plans to force FTSE 350 companies to give work to challenger audit firms. Link - The bitter battle over the
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Siemens CEO Roland Busch gets 6.94 mln eur for 2021 - annual report

ZURICH, Dec 2 (Reuters) - Siemens SIEGn.DE Chief Executive Roland Busch picked up 6.94 million euros ($7.86 million) in compensation for the group's 2021 business year, according to data released on Thursday, in his first year leading the engineering and technology company. The 57-year-old, who took over from long-serving CEO Joe Kaeser in February
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Siemens expects supply chain problems to ease after posting strong sales

* Company using size and tech to manage supply shortage * Sales and orders in Q4 beat forecasts * Sees no reason to change strategy after GE split * Shares up in early trading (Rewrites, adding share price, CEO) By John Revill ZURICH, Nov 11 (Reuters) - Siemens SIEGn.DE expects supply chain problems that have hindered the industrial revival in the
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Siemens posts sales and orders beat during fourth quarter

By John Revill ZURICH, Nov 11 (Reuters) - Siemens SIEGn.DE reported better-than-expected sales and orders during its fourth quarter on Thursday as the engineering and technology company tackled ongoing supply chain bottlenecks which have been hindering the post-pandemic revival. The maker of factory software and trains said its sales rose 18% to 17
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