EY scraps break-up plan after months of internal dissent
Business

EY scraps break-up plan after months of internal dissent

April 11 (Reuters) – Accounting firm EY has called off a plan to break up its audit and consulting units, slamming the brakes on a proposed overhaul of its businesses that was meant to address regulatory concerns over potential conflicts of interest.The company, which is one of the Big Four accounting giants, announced its plans… […]

Blackstone raises $30.4 bln for latest real estate fund
Business

Blackstone raises $30.4 bln for latest real estate fund

April 11 (Reuters) – Blackstone Inc (BX.N) said on Tuesday it had raised $30.4 billion for its latest global real estate fund, as the private equity behemoth looks to double down on the industry.The fund, called Blackstone Real Estate Partners X, is 48% bigger than the asset management giant’s previous real estate fund which closed… […]

How airlines cope with price surge during disasters
Business

How airlines cope with price surge during disasters

[1/4]Evacuees board a plane at the Yellowknife airport as wildfires threaten the Northwest Territories town of Yellowknife, Canada, August 18, 2023. REUTERS/Jennifer Gauthier/File Photo Acquire Licensing RightsAug 20 (Reuters) – Canadians vented their frustration against airlines on social media last week after prices of commercial flights out of Yellowknife soared up to 10-fold above normal… […]

Adobe’s co-founder John Warnock dies at 82
Business

Adobe’s co-founder John Warnock dies at 82

CEO and Chairman of Adobe Systems, Inc. Dr. John Warnock testifies before the U.S. Senate Joint Economics Committee hearing on Capitol Hill, June 6, 2000. REUTERS/Larry Downing/File Photo Acquire Licensing RightsAug 20 (Reuters) – Photoshop maker Adobe’s (ADBE.O) co-founder John Warnock died on Saturday aged 82, the company said in a statement early on Sunday.The… […]

Kuwait Airways plans to lease eight Airbus jets within 10 years
Business

Kuwait Airways plans to lease eight Airbus jets within 10 years

A Kuwait Airways plane parked at Cairo International Airport, Egypt, November 27, 2021. REUTERS/Amr Abdallah Dalsh/File Photo Acquire Licensing RightsKUWAIT CITY, Aug 20 (Reuters) – Kuwait Airways (KA.UL) plans to lease eight Airbus (AIR.PA) passenger jets within 10 years, Chairman Ali Aldokhan said on Sunday.The state-owned carrier is examining offers from leasing companies, and the… […]

Russia’s Luna-25 smashes into moon in failure
Business

Russia’s Luna-25 smashes into moon in failure

Russia moon mission failsLuna-25 crashes into the moonFailure is a blow to Russian space prestigeSoviet space veteran: Luna-25 was my last hopeMOSCOW, Aug 20 (Reuters) – Russia’s first moon mission in 47 years failed when its Luna-25 space craft spun out of control and crashed into the moon after a problem preparing for pre-landing orbit,… […]

Wildfire spreads on Spain’s Tenerife, forcing thousands from homes
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Wildfire spreads on Spain’s Tenerife, forcing thousands from homes

[1/4]A person looks at a fire over the mountains near empty houses after the evacuation in different villages in the north, as wildfires rage out of control on the island of Tenerife, Canary Islands, Spain August 20, 2023. REUTERS/Nacho Doce Acquire Licensing RightsTENERIFE, Canary Islands, Spain, Aug 20 (Reuters) – A wildfire on the Spanish… […]