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News

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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