By Laura Sanicola (Reuters) – The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers …
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(Reuters) -McDonald’s Corp said on Thursday it plans on reopening its restaurants in Ukraine over the next few months in an early sign of western businesses returning to the country, …
- Financial News
Ex-JPMorgan traders cleared of racketeering, found guilty of fraud
by Reutersby ReutersBy Jody Godoy and Michelle Price WASHINGTON -Three former JPMorgan Chase & Co employees were acquitted of racketeering and conspiracy charges in a landmark futures manipulation trial on Wednesday, although …
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(This Aug. 9 stoy corrects spelling of name in paragraph 4) By Tom Wilson and Medha Singh (Reuters) – Another day, another hack – and another blockchain bridge burned. When …
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La Nina conditions to continue, but odds lower into winter -U.S. forecaster
by Reutersby Reuters(Reuters) -Chances for La Niña are expected to gradually decrease from 86% in the coming season to 60% during December-February 2022-23, a U.S. government weather forecaster said on Thursday. The …
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(Reuters) – BlackRock Inc, the world’s biggest asset manager, has launched a spot bitcoin private trust for institutional clients in the United States, according to a blog post on its website. …
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Blinken, Kagame discuss U.N. report that Rwanda supports rebel group
by Reutersby ReutersBy Clement Uwiringiyimana KIGALI -U.S. Secretary of State Antony Blinken said on Thursday he discussed with Rwandan President Paul Kagame “credible reports” that Rwanda continued to support the M23 rebel …
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By Padraic Halpin and Tim Hepher DUBLIN/PARIS -The world’s largest aircraft lessor predicted on Thursday that planemakers will be hampered by supply chain issues for years, further slowing new jet …
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Verizon says service disruption in Miami caused by cut to fiber
by Reutersby Reuters(Reuters) -Disruptions to Verizon Communications Inc’s mobile services in Miami was caused by a cut in optical fiber due to overnight construction work, the wireless carrier said on Thursday as …
- Financial News
Rupert Murdoch and Jerry Hall finalize their divorce, remain ‘friends’
by Reutersby ReutersLOS ANGELES – Actress and model Jerry Hall and media mogul Rupert Murdoch have finalized their divorce, according to a statement released by the couple. The 66-year-old Hall filed for …
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By Alex Lawler LONDON -OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia’s invasion …
- Financial News
Xiaomi CEO says it has 140 vehicles across China testing autonomous driving
by Reutersby ReutersSHANGHAI -Xiaomi Corp is currently running tests on 140 vehicles across China for autonomous driving, CEO Lei Jun said on Thursday. The news marks the latest benchmark for the smartphone …
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By Victoria Waldersee BERLIN -Daimler Truck will keep prices high even if certain costs begin to fall in order to compensate for lower margins since last year, the truckmaker said …
- Financial News
Deutsche Telekom lifts profit view, aims for T-Mobile majority soon
by Reutersby ReutersBy Supantha Mukherjee STOCKHOLM -Deutsche Telekom on Thursday raised its annual earnings forecast for the second time after beating quarterly estimates, and said it could achieve its goal of a …
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‘Count on us’: Scholz promises new package to help Germans with energy bills
by Reutersby ReutersBy Rachel More and Paul Carrel BERLIN – German Chancellor Olaf Scholz promised a new package of measures on Thursday, including tax relief, to help people struggling with rising prices …
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By Maria Sheahan and Carolyn Cohn BERLIN/LONDON – Zurich Insurance Group reported a better-than-expected 25% rise in operating profit in the first half on strong performance across the board and …
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By Elitsa Gadeva and Juliette Portala (Reuters) -Insurer Aegon raised its forecasts for full-year operating capital generation and 2021-2023 free cash flow on Thursday after a quarterly earnings beat, lifting …
- Financial News
HSBC oversold risks of $35 billion Asia spin-off, investor Ping An thinks – source
by Reutersby ReutersBy Selena Li, Lawrence White and Anshuman Daga HONG KONG/LONDON – HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping …
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Taiwan says China’s threat remains, though military drills ease
by Reutersby ReutersBy Yimou Lee TAIPEI -China’s threat of force is undiminished, Taiwan President Tsai Ing-wen said on Thursday, even though Beijing’s largest ever military drills around the island seemed to be …
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Islamic State ‘Beatle’ appears in London court charged with terrorism offences
by Reutersby ReutersLONDON -A 38-year-old man who is accused of being a member of an Islamic State cell dubbed The Beatles and who was deported from Turkey this week appeared in a …
- Financial News
China property firm apologises for vacancy rate report after public debate
by Reutersby ReutersBy Liangping Gao and Clare Jim BEIJING/HONG KONG – A Chinese property think tank owned by KE Holdings apologised on Thursday for sparking a “heated public discussion” with its report …
- Financial News
How will SoftBank cut its stake in Alibaba without selling shares?
by Reutersby ReutersBy Carolina Mandl and Angelique Chen NEW YORK -SoftBank Group Corp is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding from 23.7% …
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Analysis: Is Netflix envy over in Hollywood? Not quite
by Reutersby ReutersBy Dawn Chmielewski and Lisa Richwine (Reuters) – Over an earnings period that appeared to signal the end of Netflix envy, Walt Disney Co restored hopes that growth in the …
- Financial News
Siemens’ posts first quarterly loss in 12 years after writedowns hit Q3
by Reutersby ReutersBy John Revill ZURICH -Siemens said on Thursday it continued to see strong industrial demand during its third quarter, as costs related to its Siemens Energy investment and decision to …
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Taiwan fishing community casting for fresh markets after China ban
by Reutersby ReutersBy Ann Wang and I-Hwa Cheng PINGTUNG, Taiwan – Even before last week’s visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi, fish farmer Chen Sheng-You was on …