Mexican President Andres Manuel Lopez Obrador said on Friday his administration had spoken with one of the country's top business associations to ask for help persuading companies not to raise prices in the face of high inflation.

Telecom Italia (TIM) has reached a draft agreement for former Chief Executive Luigi Gubitosi to leave his board seat, two sources close to the matter told Reuters on Friday.

Telecom Italia's (TIM) former Chief Executive Luigi Gubitosi has agreed to step down from the company's board, paving the way for Italy's biggest phone group to name a successor, two sources close to the matter said.

Global bond funds posted huge outflows in the week ended Dec. 15, as investors anticipated that major central banks would shift the direction of their monetary policy during key policy meetings this week, pressured by soaring inflation levels.

Alibaba Group will aim to achieve carbon neutrality in its own operations and slash emissions across its supply chains and transportation networks by 50% by the end of the decade, the Chinese e-commerce giant pledged on Friday.

Reddit users have helped fuel dozens of "meme" stock rallies this year, from retailer GameStop Corp to movie operator AMC Entertainment Holdings Inc. Some analysts are skeptical this will be the social media platform's saving grace as it prepares to sell its own shares in the stock market.