MILAN -Italian insurers Generali and UnipolSai said on Tuesday they would appeal against the competition regulator’s decision to fine them 5 million euros ($5.1 million) each for unfair commercial practices. …
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Ralph Lauren, Capri ride wave of inflation-resistant luxury demand
by Reutersby ReutersBy Uday Sampath Kumar and Ananya Mariam Rajesh (Reuters) -Ralph Lauren Corp and Michael Kors-owner Capri Holdings blew past earnings estimates, underscoring an unwavering demand for luxury apparel and handbags …
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By Shreyashi Sanyal and Anisha Sircar (Reuters) -European shares dipped on Tuesday as investors cautiously waited for key U.S. inflation data later in the week for hints on the Federal …
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Israeli forces kill two Palestinian gunmen in battle; two teens killed in clashes
by Reutersby ReutersBy Ali Sawafta NABLUS, West Bank -Israeli security forces killed a Palestinian militant commander and another fighter in a gunbattle in the occupied West Bank on Tuesday, the military said, …
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By Tim Hepher (Reuters) – Boeing jetliner deliveries fell to a five-month low of 26 airplanes in July, highlighting pressure on global supply chains as it prepares to resume deliveries …
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By Samuel Shen, Carolina Mandl and Rachael Levy SHANGHAI/NEW YORK – Billionaire hedge fund manager Ray Dalio’s huge popularity in China has not only drawn local investors flocking to his …
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Rating agencies expect U.S. spending bill to cut inflation, deficit over time
by Reutersby ReutersBy Kanishka Singh WASHINGTON – A sweeping bill passed by the U.S. Senate on Sunday and intended to fight climate change, lower drug prices and raise some corporate taxes, will …
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S.Korea, China foreign ministers discuss N.Korea, K-pop ban
by Reutersby ReutersBy Hyonhee Shin SEOUL -The foreign ministers of South Korea and China held talks on Tuesday as Seoul explores ways to reopen denuclearisation negotiations with North Korea and resume cultural …
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Group of 23 states tells U.S. court CDC lacks authority to set transit mask rules
by Reutersby ReutersBy David Shepardson WASHINGTON -A group of 23 state attorneys general led by Florida told a federal court on Monday that the U.S. Centers for Disease Control and Prevention (CDC) …
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Devon Energy to buy Eagle Ford basin operator Validus for $1.8 billion
by Reutersby Reuters(Reuters) -Shale producer Devon Energy said on Tuesday it will buy Validus Energy, an Eagle Ford basin operator, for $1.8 billion in cash. The deal comes at a time when …
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U.S. to buy Siga’s IV drug worth $26 million to fight monkeypox outbreak
by Reutersby Reuters(Reuters) – The U.S. government will buy Siga Technologies Inc’s $26-million worth of intravenous formulation of antiviral drug Tpoxx, the company said on Tuesday, as the country fights an outbreak …
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After court win, Biden again tries to end Trump ‘remain in Mexico’ program
by Reutersby ReutersBy Ted Hesson WASHINGTON -Several thousand migrants forced to wait in Mexico under a Trump-era program gradually will be allowed to enter the United States to pursue their asylum claims …
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U.S. accuses Chinese company of helping ZTE hide business with Iran
by Reutersby ReutersBy Karen Freifeld WASHINGTON -The U.S. Commerce Department on Tuesday accused Far East Cable, China’s largest wire and cable manufacturer, of violating U.S. export controls related to shipments of telecommunications …
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MOSCOW -Russia launched an Iranian satellite into orbit on Tuesday from southern Kazakhstan, just three weeks after President Vladimir Putin and Supreme Leader Ayatollah Ali Khamenei pledged to work together …
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Factbox-How is Britain’s cost-of-living crisis affecting consumer behaviour?
by Reutersby ReutersLONDON – As a cost-of-living squeeze on household incomes looks set to worsen in the United Kingdom, here are how consumers are adapting to the rising prices of everything from …
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(Reuters) -Insurer American International Group Inc beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned the blow from lower investment returns. Net premiums written …
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WW2 bomb revealed in drought-hit waters of Italy’s River Po
by Reutersby Reuters(This Aug 7 story corrects to fix reporting credits, no change to text) BORGO VIRGILIO, Italy – Heatwaves sweeping Europe this summer have brought not just record high temperatures and …
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MEXICO CITY -Mexican annual inflation reached its highest level in nearly 22 years in July, official data showed on Tuesday, rising faster than expected and fueling expectations that the central …
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Ukraine says it has creditor approval for growth-related warrant changes
by Reutersby ReutersLONDON -Ukraine has gained the necessary approval from holders of its GDP warrants to its request for proposed changes to the securities, preliminary results of a vote released in a …
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Pelosi to urge House to pass Biden inflation-reduction bill as is
by Reutersby ReutersWASHINGTON -House Speaker Nancy Pelosi said on Tuesday she will ask members of the House of Representatives to pass without changes a $430 billion climate and prescription drug bill approved …
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South Korea to probe app store operators over suspected in-app payment violations
by Reutersby ReutersSEOUL – South Korea’s telecommunications regulator said on Tuesday it plans to launch an investigation into app store operators such as Apple Inc, Alphabet’s Google and One Store over suspected …
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Beijing consumer rights group summons grocery firm Missfresh over complaints
by Reutersby ReutersBEIJING – A Beijing consumer rights group said on Tuesday it had asked Missfresh to work on plans to refund its customers and explain how it will rectify its business …
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Problems remain with Kaliningrad transit despite EU deal – Russia
by Reutersby Reuters(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW – Russia’s Baltic exclave of Kaliningrad is bumping up against quotas imposed …
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Toyota suspends some Japan factory production due to COVID outbreak
by Reutersby ReutersTOKYO – Toyota Motor Corp said it would suspend the night shift operation on Tuesday at one production line at its factory in central Japan due to an outbreak of …
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By Tim Hepher PARIS – Airbus on Monday confirmed slower deliveries in July as a supply crunch left semi-finished jets outside its factories without engines, but bolstered its future business …