Business

PARIS (Reuters) – Airbus (AIR.PA) Chief Operating Officer and planemaking chief Fabrice Bregier is expected to step down following a board meeting on Thursday to tackle management tensions at the aerospace group, two sources familiar with the matter said. FILE PHOTO – Fabrice Bregier applauds after the maiden flight of the Airbus A350-1000 in Colomiers
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LONDON/ZURICH (Reuters) – One of the three board members of the Swiss foundation that conducted the online fundraiser for the embattled Tezos cryptocurrency tech project has resigned, Reuters has learned. Photo illustration shows detail of Tezos website, October 10, 2017. REUTERS/Dado Ruvic/Illustration The departure on Monday of Guido Schmitz-Krummacher, a Swiss legal and management expert,
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WASHINGTON (Reuters) – President Donald Trump’s campaign to shrink the “bloated federal bureaucracy” so far has made a small dent in the federal workforce, and that largely because of a decline in civilian defense jobs. FILE PHOTO: U.S. President Donald Trump, flanked by Deputy Secretary of State John Sullivan (L) and Defense Secretary James Mattis (R),
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ZURICH (Reuters) – Zurich Insurance (ZURN.S) has agreed to buy ANZ’s (ANZ.AX) OnePath Life insurance businesses for 2.85 billion Australian dollars ($2.14 billion), the latest and largest foray by the Swiss company into the Australian market. Scaffolding is seen at the headquarters of Zurich insurance during renovation works in Zurich, Switzerland November 9, 2017. REUTERS/Arnd
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DHAKA (Reuters) – Bangladesh’s finance minister said late on Saturday he wanted to “wipe out” a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank’s account with the Federal Reserve Bank of New York last year. FILE PHOTO: A security guard stands guard outside a branch of Rizal Commercial
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SEOUL (Reuters) – South Korean automakers face a major headwind from a weakening Japanese yen, which will boost rivals like Toyota Motor Corp. (7203.T) next year, a Hyundai Motor (005380.KS) think tank said. The logo of Hyundai Motor is seen on wall at a event of Hyundai Motor Co’s new Accent in Mexico City, Mexico
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