US weekly jobless claims fall; labor market defying recession fears

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, with applications in Massachusetts decreasing sharply, suggesting the labor market remains tight. The steep decline in weekly jobless claims reported by the Labor Department on Thursday reversed the surge in the prior week,…

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Near Ukraine’s southern frontline, medics brave rockets to treat soldiers

By Max Hunder ZAPORIZHZHIA REGION, Ukraine (Reuters) – As the doctor prepared to administer an injection, the loud thud of an artillery shell in the distance broke the silence in the operating room. The staff at this emergency medical treatment point for soldiers near the Zaporizhzhia frontline in Ukraine’s south, aren’t fazed by the danger….

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India government wants Go First flights to resume as soon as possible -minister

NEW DELHI (Reuters) – The Indian government wants Go Airlines (India) Ltd flights to resume as soon as possible, the civil aviation minister said on Thursday, a week after the troubled low-cost carrier was granted bankruptcy protection. Recently rebranded as Go First, India’s sixth largest airline filed for bankruptcy protection earlier in May blaming its…

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IMF: Ghana intends to agree debt rework MoU with official creditors before November

JOHANNESBURG (Reuters) – Ghanaian authorities aim to agree a memorandum of understanding with official creditors before the first IMF programme review, which they expect to bring to the Fund’s board in November and would trigger a payout of $600 million, the IMF said on Thursday. The International Monetary Fund’s executive board approved a $3 billion,…

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U.S. Supreme Court tosses case challenging internet legal shield

By Andrew Chung (Reuters) – The U.S. Supreme Court on Thursday sidestepped a challenge to federal protections for internet and social media companies that free them of liability for content posted by users in a case involving a lawsuit against Google LLC involving the practices of video-sharing platform YouTube. The justices, in a brief and…

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U.S. videogame publishers tap proven titles to fight weak economy

By Tiyashi Datta and Aditya Soni (Reuters) – Popular titles from Electronic Arts-owned “FIFA” to Activision Blizzard’s “Call of Duty” are propping up sales for U.S. videogame publishers in a turbulent economy, quelling concerns that a looming recession may impede growth. Take-Two Interactive Software Inc on Wednesday rounded off a strong March quarter for the…

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Russia goes after remote workers with tighter income tax draft law

(Reuters) – Russia’s finance ministry on Thursday outlined proposals to tax people working remotely from abroad for Russian companies at the standard income tax rate even if they lose their tax residency, as Moscow looks for ways to maximise revenues. Hundreds of thousands of Russians have fled since Moscow invaded Ukraine on Feb. 24, 2022,…

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