SYDNEY (Reuters) – Australian retail sales volumes during the first quarter of 2023 fell for a second straight quarter, a sign that rising interest rates and the high cost of living are working to curb consumer spending. Data from the Australian Bureau of Statistics on Tuesday showed real retail sales fell 0.6% in the first…
By Rae Wee SINGAPORE (Reuters) – The dollar inched higher on Tuesday after a loans survey revealed that credit conditions in the United States were less gloomy than expected, while the pound flirted with a one-year peak ahead of this week’s Bank of England policy meeting. The Federal Reserve’s quarterly Senior Loan Officer Opinion Survey…
By Tyler Clifford and Steve Gorman (Reuters) -The man Texas authorities say killed eight people in a barrage of gunfire at a Dallas-area shopping mall over the weekend left behind a social media profile filled with white supremacist and neo-Nazi ideology, multiple news outlets reported on Monday. News reports linking the assailant to language praising…
ANKARA (Reuters) -Turkish President Tayyip Erdogan accused the opposition on Monday of provoking disorder and siding with terrorists, without providing evidence, in a fiery speech days before close and increasingly fractious elections. Erdogan appeared to suggest his opponents had incited confrontations a day earlier when crowds threw stones at a key opposition figure in the…
By Michelle Nichols UNITED NATIONS (Reuters) -U.N. Security Council negotiations on a U.S. push for the 15-member body to condemn North Korea’s intercontinental ballistic missile (ICBM) launches appear to have stalled after diplomats said China and Russia had stopped engaging. Council members have been discussing a U.S.-drafted formal statement, seen by Reuters, that has to be…
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Monday that some regional bank stock prices remained under pressure, but deposits had stabilized and regulators stood ready to use the same tools used in recent bank rescues if more contagion fears arose. Yellen told CNBC in a live interview that some of the selling…
By Julia Harte NEW YORK (Reuters) -Protesters in New York City on Friday called for charges against a former U.S. Marine who choked a homeless man to death on the subway they were both riding in, as the veteran’s lawyers said he never intended to harm the man. The death of Jordan Neely, 30, on…
By Stephen Nellis (Reuters) – LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as part of broader changes that would also result in it phasing out its local jobs app in China. In a letter to employees, LinkedIn CEO Ryan Roslansky…
(Reuters) -Canada’s Suncor Energy Inc reported a better-than-expected first-quarter profit on Monday, helped by steady demand for energy amid crimped global supplies. The results come amid global oil prices pulling back from last year’s record highs and trading 20% below on average, but the prices are still higher than historical levels due to tight supplies….
(Reuters) -Social media platform Twitter Inc will remove accounts that have been inactive for several years, CEO Elon Musk announced in a tweet on Monday, saying that the action is “important to free up abandoned handles.” Twitter’s billionaire owner in a separate tweet said inactive accounts will be archived, Musk did not add any details…
