By Khalid Abdelaziz, Nafisa Eltahir and Humeyra Pamuk KHARTOUM (Reuters) – Heavy gunfire shattered a 24-hour truce in Sudan on Tuesday shortly after it was due to take effect under U.S. pressure on warring military factions to halt fighting that has touched off a humanitarian crisis. Loud shooting reverberated in the background of live feeds…
SAO PAULO (Reuters) – Brazil’s Treasury Secretary Rogerio Ceron said on Wednesday that a new fiscal framework proposed by the government was designed to last for a long time, facing different economic and political cycles. “It is a sustainable path, unlike past solutions that had an expiration date,” Ceron said in an interview with GloboNews,…
(Reuters) -Property and casualty insurer Travelers Companies Inc on Wednesday reported a fall in quarterly profit, hurt by severe wind and hail storms in parts of the United States in March. Core income of the New York-based company, often seen as a bellwether for the insurance sector as it typically reports before industry peers, fell…
By Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court should restrict the availability of the abortion pill mifepristone, anti-abortion groups challenging the medication’s federal regulatory approval told the justices in a filing on Tuesday, urging them to implement curbs ordered by a conservative federal judge in Texas. The challengers urged the Supreme Court to reject…
By Jane Lanhee Lee OAKLAND, California, (Reuters) – Chip manufacturer GlobalFoundries Inc said on Wednesday it had filed a lawsuit against International Business Machines Corp, accusing it of unlawfully sharing confidential intellectual property and trade secrets. New York-based GlobalFoundries said in its complaint that IBM had shared IP and trade secrets with Rapidus, a new…
By Jesús Aguado MADRID (Reuters) -Spanish lenders may feel the impact from rising global risks, such as the higher cost of funding and liquidity stress, though their cash positions remained stable in March, Bank of Spain officials said on Wednesday. In its semi-annual financial stability report, the central bank warned global uncertainty could lead to…
By Pablo Mayo Cerqueiro and Iain Withers LONDON (Reuters) – Abrdn is seeking to individually sell a batch of private equity businesses which collectively have about 12 billion pounds of investments, after struggling to find a buyer for the entire portfolio, a source close to the matter said. The British asset manager has been working…
DUBLIN (Reuters) – Global airline capacity will be lower than expected this year and stay constrained until 2025 at the earliest, warned IATA director general Willie Walsh, due to delays in new aircraft deliveries and a lack of availability of spare parts. “I can’t see anything really improving or significantly improving probably until 2025 at…
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley 5G chip startup EdgeQ Inc said on Wednesday it raised $75 million to help fund a ramp up in production as the company starts selling its technology to customers, including telecom operators. It also announced that Lattice Semiconductor Corp CEO Jim Anderson is joining EdgeQ’s…
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s current account recorded a surplus in March, the highest in two years, the country’s central bank and market analysts said, following stringent import restrictions to manage the South Asian economy’s turmoil. Islamabad is trying to get an IMF bailout back on track and both sides have been engaged…
