BRASILIA (Reuters) – Brazil’s Secretary of Economic Reforms Marcos Barbosa said on Thursday that the credit package announced by the government aims to strengthen the credit market in the long term, paving the way for the country’s capital market to become as robust or larger than the 5 trillion reais ($988 billion) banking market. Speaking…
By Aditya Soni and Akash Sriram (Reuters) -A recent pullback in commodity prices will aid Tesla Inc’s bruised margins only in the second half of the year, signalling more near-term pain for the electric-car maker which has been cutting prices to prop up sales. Chief Financial Officer Zachary Kirkhorn said on Wednesday that battery material…
NEW DELHI (Reuters) – An Indian court on Thursday acquitted 69 Hindus, including a former minister from the ruling Bharatiya Janata Party (BJP), of the murder of 11 Muslims during communal riots in the western state of Gujarat in 2002. The killings occurred in Ahmedabad on Feb. 28, 2002, a day after a suspected Muslim…
By Joe Skipper and Steve Gorman BOCA CHICA, Texas (Reuters) – Elon Musk’s SpaceX on Thursday launched its next-generation Starship cruise vehicle for the first time atop the company’s powerful new Super Heavy booster rocket, in a highly anticipated, uncrewed test flight from the Gulf Coast of Texas. The two-stage rocketship, standing taller than…
By Andrew Goudsward (Reuters) – The $787.5 million settlement that ended Dominion Voting Systems’ defamation lawsuit against Fox Corp also marks the end of a lucrative, two-year legal battle for the sprawling teams of highly-paid lawyers on both sides. At least 31 lawyers from nine different law firms worked on the case, court filings show….
PARIS (Reuters) -Euro zone inflation is too high and the European Central Bank’s monetary policy “still has a bit of way to go” to bring back inflation towards its 2% goal, ECB President Christine Lagarde said on Thursday. “Our monetary policy must obviously deploy all its tools to bring inflation to the 2% target in…
By Mrinalika Roy (Reuters) – From cannabis-infused flowers to edible weed gummies, marijuana companies are pulling out all the stops as they eye bumper sales on April 20 – a day referred to as “4/20” in weed culture. Industry insiders expect highest single-day sales ever for the cannabis sector on Thursday even as the industry…
LONDON (Reuters) – Amazon plans to expand its business selling office supplies in Europe and internationally after the pandemic helped boost sales as companies shopped more online and looked for bulk discounts. Amazon Business’ gross sales in Europe grew at a compound annual rate of 25% from 2020 to 2022, vice president Alexandre Gagnon said…
(This April 13 story has been corrected to remove reference to criminalising identifying as LGBTQ, a provision dropped in the draft stage, in paragraph 3) KAMPALA (Reuters) – When Frank Mugisha came out two decades ago, being gay in Uganda could be lonely and uncomfortable, but it was rarely a matter of life and death….
By Ben Blanchard TAIPEI (Reuters) – Taiwan’s Starlux Airlines Co Ltd is pushing Airbus SE to speed up deliveries as it seeks to expand its routes beyond Asia to keep up with booming post-pandemic demand, the carrier’s chief executive said. Starlux, Taiwan’s newest full-service airline, launched its first flights in 2020 and serves destinations including…
