Italy wrestles with antitrust loophole that could save Amazon a packet
By Alvise Armellini ROME (Reuters) – Italy’s competition watchdog AGCM is trying to close a legal loophole that has allowed…
May 11, 2023
Telefonica first-quarter profit falls as cost pressures bite
MADRID (Reuters) -Spanish telecoms firm Telefonica disappointed the market on Thursday with a 58% drop in first-quarter net profit from…
Mexico suspends some migrant detention centers pending watchdog review
MEXICO CITY (Reuters) – Mexico’s migration institute (INM) on Wednesday said it will suspend operations at 33 migrant detention centers…
Exclusive-Pakistan point-of-sale payments slump after protest violence
By Ariba Shahid KARACHI, Pakistan (Reuters) -Point-of-sale transactions routed through Pakistan’s main digital payment systems fell by around 50% the…
US debt standoff overshadows G7 finance leaders’ meeting
By Leika Kihara and Andrea Shalal NIIGATA, Japan (Reuters) -A standoff in Washington over raising the U.S. debt ceiling overshadowed…
SoftBank books narrower loss after Alibaba stake sell-down
By Sam Nussey and Kiyoshi Takenaka TOKYO (Reuters) -Japan’s SoftBank Group Corp on Thursday posted a sharply narrower annual loss…
Pope urges countries to manage migrant waves, expand legal channels
By Philip Pullella VATICAN CITY (Reuters) – Pope Francis appealed to countries on Thursday to manage waves of migrants as…
Australia’s trade minister seeks end to trade curbs on visit to Beijing
BEIJING (Reuters) – Australia’s Trade Minister arrived in Beijing On Thursday to meet his Chinese counterpart, as Canberra pushes for…
Electric Vehicle Maker Polestar Lowers Production Guidance, Cuts Jobs
STOCKHOLM (Reuters) – Swedish electric vehicle (EV) maker Polestar said on Thursday it had lowered its 2023 production guidance and…
BoE’s Bailey: We have to stay the course to get inflation down
LONDON (Reuters) – The Bank of England must stay the course to ensure the level of inflation falls back to…