By David Shepardson WASHINGTON (Reuters) – The U.S. Postal Service (USPS) said on Monday it expected to receive next-generation delivery vehicles in June 2024, nine months behind a prior schedule. In March 2022, the USPS placed an initial $2.98 billion order for 50,000 next-generation delivery vehicles from Oshkosh Corp and previously said it expected to…
By Byron Kaye and Archishma Iyer (Reuters) – Top Australian grocer Woolworths Group Ltd posted a bigger than expected rise in third-quarter sales as shoppers bought more of its cheaper house-brand products to cut costs amid spiralling living expenses. The March quarter update illustrates the impact on non-discretionary consumption patterns in the country after a…
(Reuters) – Logitech International posted a 22% drop in fourth-quarter sales on Tuesday, as growing worries of an economic downturn continue to hinder the computer peripherals maker from maintaining the growth experienced during the pandemic. The Swiss company said its sales for the three months to March-end fell to $960 million, compared with $1.23 billion…
(Reuters) – Logitech International posted a 22% drop in fourth-quarter sales on Tuesday, as growing worries of an economic downturn continue to hinder the computer peripherals maker from maintaining the growth experienced during the pandemic. The Swiss company said its sales for the three months to March-end fell to $960 million, compared with $1.23 billion…
By Leika Kihara and Jihoon Lee INCHEON, South Korea (Reuters) -Asian finance leaders will on Tuesday look for ways to tighten safeguards to address emergency funding needs during pandemics and natural disasters, as global recession fears and volatile financial markets cloud the economic outlook. The impact of U.S. interest rate increases on the region’s capital…
By Ben Kellerman and Doyinsola Oladipo NEW YORK (Reuters) – American basketball star Brittney Griner stepped onto the red carpet at the star-studded Met Gala on Monday, embracing a larger spotlight months after returning home from detention in a Russian penal colony. The twice Olympic champion has pledged to advocate for the release of other…
KYIV (Reuters) -Ukrainian units have ousted Russian forces from some positions in Bakhmut amid fierce battles, a top Ukrainian general said on Monday, as the White House believes that more than 20,000 Russian fighters have been killed in Ukraine since December. “The situation (in Bakhmut) is quite difficult,” Col. Gen. Oleksandr Syrskyi, the Ukrainian commander…
By Choonsik Yoo SEOUL (Reuters) -South Korea’s consumer inflation eased for a third consecutive month to a 14-month low in April and the central bank expects the downward trend to persist for some time, supporting the market’s view that its policy tightening cycle is over. The consumer price index (CPI) stood 3.7% higher in April…
By Leika Kihara and Jihoon Lee INCHEON, South Korea (Reuters) – Japan and South Korea held their first bilateral finance leaders’ meeting in seven years on Tuesday, a sign relations between the two are thawing amid shared challenges from geopolitical tensions and slowing economic growth. “Japan and South Korea are important neighbours that must cooperate…
By Steve Holland and Katharine Jackson WASHINGTON (Reuters) -The White House on Monday estimated that Russia’s military has suffered 100,000 casualties in the last five months in fighting in the Bakhmut region and other areas of Ukraine. White House national security spokesperson John Kirby told reporters the figure, based on U.S. intelligence estimates, included more…
