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,…
By Deborah Mary Sophia (Reuters) -Canada Goose Holdings Inc on Thursday struck a cautious note on its business in the United States as luxury spending cooled in the market, overshadowing an upbeat annual sales forecast driven by a recovery in China and sending its shares down about 11%. A reversal in the strict COVID-19 policies…
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…
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…
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…
(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,…
TOKYO (Reuters) – A lack of resources means battery electric vehicles (BEV) cannot be the auto sector’s only answer to climate change, Toyota Motor Corp’s top scientist said Thursday, warning that focusing on BEVs could lead some drivers to hold onto polluting vehicles. Some investors and environmental groups have long criticised Toyota for being slow…
By David Lawder and Rodrigo Campos WASHINGTON (Reuters) – Suriname on Thursday cleared a hurdle on its way to restructure more than $600 million debt with private creditors as it secured an initial agreement to revive its program with the International Monetary Fund. The IMF said it reached a staff-level agreement with Suriname on the…
By Isla Binnie NEW YORK (Reuters) – Nuveen LLC is considering buying a big chunk of Ecuador’s new “blue bond” to help fund conservation of its wildlife-rich Galapagos Islands, with access to measurable impact data a key factor in the decision, one of the asset manager’s executives told Reuters. Ecuador sold the bond worth $656…
BERLIN (Reuters) – Germany’s BDI industry association urged the government on Thursday to reduce the electricity tax to the European minimum level to help companies in Europe’s largest economy remain competitive. “The BDI expects the government to swiftly agree a concept to ensure prices at internationally competitive costs in the long run,” it said in…
