(Reuters) – U.S. households still have some $500 billion in excess savings compared to before the COVID-19 pandemic that could support consumer spending late into this year, according to research published on Monday by the San Francisco Federal Reserve. “Households on average, including those at the lower end of the distribution, continue to have considerably…
By Helen Coster (Reuters) – Former Fox News producer Abby Grossberg has dismissed one lawsuit accusing the cable network, parent company Fox Corp and Fox News lawyers of defamation and pressuring her to make false statements in the now-settled Dominion Voting Systems case, a court filing on Friday showed. The Delaware lawsuit was dismissed “without…
By Ariba Shahid KARACHI, Pakistan (Reuters) – China and Pakistan on Monday urged donors to bridge gaps in humanitarian funding for Afghanistan, saying aid should be delinked from “political considerations”. Aid to Afghanistan will drop sharply this year as donor countries seek to challenge curbs on female aid workers imposed by the Taliban administration and try to…
(Reuters) -Social media platform Twitter Inc will remove accounts that have been inactive for several years, CEO Elon Musk said in a tweet on Monday. Musk added that users on the micro-blogging platform could see a drop in follower count. According to Twitter’s policy, users should log in to their account at least once every…
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador gave the U.S. dollar a vote on confidence on Monday after he was asked if a weakening greenback might spur a move to diversify Mexico’s foreign currency reserves. “We are going to continue considering the dollar as the world’s principal currency,” Lopez Obrador told a…
By Chayut Setboonsarng and Daniel Leussink BANGKOK/TOKYO (Reuters) -Japanese carmaker Toyota Motor Corp has stopped sales and deliveries of its Yaris Ativ in Thailand, senior officials said on Monday, after its affiliate Daihatsu rigged part of the door in side-collision safety tests. The problem may have occurred due to pressure on Daihatsu to shorten the…
(Reuters) – Germany’s Merck KGaA has appointed Helene von Roeder as the new chief financial officer and member of the Executive Board after Marcus Kuhnert has decided to step down, the drugmaker announced on Monday. The changes would become effective from July 1, the company added. German real estate company Vonovia announced this month that…
By Rupam Jain NEW DELHI (Reuters) – Thousands of people who fled deadly rioting and ethnic clashes in northeast India last week are returning home, escorted by security personnel, officials said on Monday. Fierce fighting broke out in the state of Manipur bordering Myanmar when members of about 30 tribal groups clashed with a non-tribal…
By Camillus Eboh ABUJA (Reuters) – Police blocked roads in the centre of Nigeria’s capital on Monday as judges started hearing opposition petitions disputing president-elect Bola Tinubu’s victory in February’s presidential election. Yards away from the Court of Appeal in Abuja, around 100 protesters stood quietly holding up pre-printed banners saying Tinubu should not be…
(Reuters) -Qualcomm Inc said on Monday that it would acquire Israel’s Autotalks Ltd, a maker of chips used in crash-prevention technology in vehicles, as the U.S. firm looks to expand its automotive-related business. The company did not disclose the terms of the deal but said Autotalk’s technology would be incorporated into its assisted and autonomous…
