By Elisha Bala-Gbogbo and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s inflation rose for the sixth month in a row in June, to 22.79% year-on-year from 22.41% in May, putting pressure …
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US and World News
People living near Yamuna River in New Delhi return home as waters recede
by Reutersby ReutersBy Adnan Abidi and Gabrielle Fonseca Johnson NEW DELHI (Reuters) – People living near a river running through India’s capital began returning to their homes on Monday as floodwaters receded …
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Business News
Wall Street banks cut China’s growth forecast after dull second quarter
by Reutersby ReutersBy Aniruddha Ghosh and Roshan Abraham (Reuters) -J.P.Morgan, Morgan Stanley and Citigroup trimmed China’s growth forecast for 2023 after the country’s economy grew at a weaker pace in the second …
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US and World News
Netanyahu vows crackdown on military no-shows in judicial protest
by Reutersby ReutersBy Dan Williams JERUSALEM (Reuters) – Israeli Prime Minister Benjamin Netanyahu pledged to crack down on Monday against threatened no-shows for military reserve duty by opponents of his judicial overhaul …
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LONDON (Reuters) – Morgan Stanley revised down its China 2023 economic growth forecast by 0.7 percentage points to 5% on Monday after the country reported a “weak” second quarter GDP …
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US and World News
US, China aim to revive climate cooperation as tensions simmer
by Reutersby Reuters(This July 16 story has been corrected to fix David Sandalow’s quote to say ‘climate diplomacy,’ not ‘diplomacy,’ in paragraph 6) By Valerie Volcovici WASHINGTON (Reuters) – The United States …
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Business News
Microsoft says Chinese hackers used code flaw to steal emails from US agencies
by Reutersby ReutersBy Raphael Satter WASHINGTON (Reuters) -Microsoft said on Friday that Chinese hackers misappropriated one of its digital keys and used a flaw in the company’s code to steal emails from …
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Business News
China’s Q2 GDP growth slows to 0.8% q/q, raises stimulus expectations
by Reutersby Reuters(Reuters) – China’s economy grew at a frail pace in the second quarter, although the annual figure was flattered by base effects, data showed on Monday, with overall momentum faltering …
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FRANKFURT (Reuters) – The German economy may shrink by more this year than expected only a few weeks ago despite a small bounce in the second quarter, the Bundesbank said …
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Business News
Tesla discounts set to power quarterly revenue growth, hit profit
by Reutersby ReutersBy Akash Sriram (Reuters) – Tesla’s strategy to boost sales through price cuts is likely to have powered its strongest revenue growth in five quarters while dragging down margins to …
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A look at the day ahead in U.S. and global markets from Mike Dolan China’s spluttering recovery set the tone for world markets on Monday after a bumper week of …
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Business News
Analysis-Bank of Canada hones messaging as inflation defies forecasts
by Reutersby ReutersBy Steve Scherer and Fergal Smith OTTAWA (Reuters) – The Bank of Canada has shifted to a less prescriptive messaging strategy than it used in January when it signaled a …
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By Pete Schroeder and Nupur Anand WASHINGTON/NEW YORK (Reuters) -U.S. bank executives warned on Friday that looming higher capital requirements would raise prices for financial products and push activity into …
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Business News
Analysis-Takeover benefits: UBS investors warm to Credit Suisse deal
by Reutersby ReutersBy Oliver Hirt ZURICH (Reuters) – UBS’s emergency takeover of Credit Suisse may lead to thousands of job losses, departures of key staff and a risky integration challenge, but for …
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Business News
US working with India to make investment easier for energy transition – Yellen
by Reutersby ReutersBy Aftab Ahmed GANDHINAGAR, India (Reuters) -The United States is working with India to develop ways to lower the cost of capital and increase private investment to fast-track India’s energy …
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US and World News
Ukraine says it has regained nearly 18 sq km of land in past week
by Reutersby ReutersKYIV (Reuters) – Ukrainian forces have taken back nearly 18 square km (7 square miles) of territory in the east and the south in the past week in their counteroffensive …
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US and World News
Berlin aims to have “best equipped” NATO army division in Europe in 2025
by Reutersby ReutersBy Sabine Siebold BERLIN (Reuters) – Germany is confident it will have the best equipped army division amongst European NATO allies in 2025, Army Chief Alfons Mais told Reuters, as …
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CHICAGO (Reuters) -United Airlines and its pilots on Saturday reached a labor agreement that will give the latter a significant pay increase, after the union rejected an earlier offer last …
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Business News
Elon Musk says Twitter’s cash flow still negative as ad revenue drops 50%
by Reutersby ReutersBy Jahnavi Nidumolu and Krystal Hu (Reuters) -Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on …
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Business News
Global rules leave crypto firms with no place to hide, says G20 watchdog
by Reutersby ReutersBy Huw Jones LONDON (Reuters) – Globally agreed rules leave crypto firms with no option but to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other …
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US and World News
South Korea flood death toll rises to 40, Yoon blames botched responses
by Reutersby ReutersBy Hyonhee Shin SEOUL (Reuters) -South Korean President Yoon Suk Yeol on Monday blamed authorities’ failure to follow disaster response rules as the death toll from days of torrential rain …
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US and World News
Swiss watchmaker Swatch sues Malaysia for seizure of Pride watches
by Reutersby ReutersKUALA LUMPUR (Reuters) -Swiss watchmaker Swatch Group has filed a lawsuit against the Malaysian government for confiscating rainbow-coloured watches that celebrate LGBT rights, in an act the company says has …
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US and World News
In rare political drama, Singapore lawmakers quit over “inappropriate relationship”
by Reutersby ReutersBy Xinghui Kok SINGAPORE (Reuters) – Two senior lawmakers from Singapore’s ruling party have resigned over their “inappropriate relationship”, Prime Minister Lee Hsien Loong said on Monday, the latest high-profile …
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By Enrique Anarte MADRID (Thomson Reuters Foundation) – The rights of gay, lesbian, bisexual and transgender people have taken centre stage ahead of Spain’s July 23 national election. Opinion polls …
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Business News
Britain’s Entain to buy U.S.-based Angstrom Sports for $160 million
by Reutersby Reuters(Reuters) – Ladbrokes-owner Entain on Monday agreed to acquire U.S.-based Angstrom Sports for 122 million pounds ($159.5 million) as it looks to widen its footprint in the country. The acquisition …