Record French inflation adds to pressure on Macron
By Leigh Thomas PARIS -French inflation jumped to a record high in April, driven by surging energy prices, preliminary data showed on Friday, putting pressure on newly re-elected president Emmanuel…
By Leigh Thomas PARIS -French inflation jumped to a record high in April, driven by surging energy prices, preliminary data showed on Friday, putting pressure on newly re-elected president Emmanuel…
By Julie Gordon OTTAWA – The Canadian economy most likely grew by an annualized 5.6% in the first quarter, official data showed on Friday, well ahead of the Bank of…
By Andrew Mills and Parisa Hafezi DUBAI – Twitter buyer Elon Musk calls himself a free speech absolutist, but that could be put to the test in the Middle East…
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk sold about 5.23 million shares in the electric vehicle maker, worth about $4.5 billion, in multiple open market sales on April…
By David Shepardson WASHINGTON – Tesla is recalling about 48,000 Model 3 Performance vehicles in the United States because they may not display the speedometer while in “Track Mode,” documents…
By Uditha Jayasinghe and Alasdair Pal COLOMBO -All Sri Lanka’s creditors will be treated equally in a planned restructuring of the country’s debt, its central bank governor said on Friday,…
KYIV – Ukraine’s banking system posted a net loss in the first quarter after lenders had to transfer over $730 million of their earnings in local currency to reserves to…
By Jonathan Saul LONDON – Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved say, adding to the growing…
FRANKFURT -The European Central Bank’s first rate hike in over a decade is no big issue for the ECB and the question is rather how fast it should raise borrowing…
CLARKSBURG, WEST VIRGINIA – Shelly Anne Leipham, of Las Vegas, Nevada, was found guilty by a federal jury today of fraud charges, United States Attorney William Ihlenfeld announced. After a…
SAO PAULO – Brazil’s government will increase taxes on banks and financial institutions on Thursday, the official gazette showed, in a bid to fund a new debt renegotiation program for…
(Reuters) -U.S. refiner Phillips 66 on Friday promised to resume share buybacks in the current quarter, after posting a quarterly profit that surpassed Wall Street expectations as demand for fuel…
(Reuters) -CBOE Global Markets Inc topped first-quarter profit expectations on Friday, as growth in transaction volumes for the exchange operator resulted in higher fees from trading options. Net income, excluding…
By Aditi Shah MUMBAI -Tata Motors said on Friday it plans to launch electric cars with a minimum range of 500 kilometres (310 miles) and advanced technology features, targeting buyers…
BERLIN – European energy firms can open special accounts with Gazprombank to pay for Russian gas, a key demand by Moscow, without breaching sanctions if transferring euros or dollars to…
PARIS -The public transport operator (RATP) in Paris temporarily suspended on Friday the use of 149 electric buses made by Bollore’s Bluebus brand after two of the vehicles caught fire.…
By Jan Strupczewski and Balazs Koranyi BRUSSELS/FRANKFURT -Euro zone economic growth was slower than expected in the first three months of the year, preliminary data showed on Friday, as the…
By Gianluca Semeraro and Valentina Za MILAN -Philippe Donnet kept his job as chief executive of Italian insurer Generali on Friday, surviving a challenge from a group of rebel domestic…
(Reuters) – U.S. equity funds witnessed a third weekly outflow in the week to April 27 as investors worried about slowing global growth and a more aggressive Federal Reserve. According…
By Andrea Shalal WASHINGTON – U.S. Treasury Secretary Janet Yellen urged the World Bank and other multilateral development lenders to accelerate infrastructure investments in emerging market countries as part of…
(Reuters) – Global money market funds obtained massive inflows in the week to April 27 as investors rushed to safer assets on concerns over economic slowdown, surging inflation and the…
LONDON -Barclays has temporarily halted market making in some of its own debt securities following a trading blunder, the British bank said on Friday. Barclays disclosed on March 28 that…
By Michael Erman (Reuters) – Drugmaker Bristol Myers Squibb posted slightly better-than-expected first-quarter earnings on Friday on growth of sales of its blood thinner Eliquis and cancer drug Opdivo, but…
By Stine Jacobsen and Nikolaj Skydsgaard COPENHAGEN – Shares in Novo Nordisk jumped on Friday after the firm lifted its 2022 sales and operating profit guidance on the back of…
By Stephen Jewkes and Francesca Landini MILAN -Eni will press ahead with plans to find alternative gas supplies following Russia’s invasion of Ukraine after first-quarter profits soared above expectations on…