By Michael S. Derby NEW YORK (Reuters) -New York Fed President John Williams said on Tuesday it is too soon to say whether the U.S. central bank is done raising interest rates, arguing that if more action is needed policymakers won’t hesitate to act. “We haven’t said we are done raising rates” and officials have…
By Nyasha Chingono HARARE (Reuters) – The value of stocks on Zimbabwe’s dollar-only bourse has jumped by 85% since the start of the year to more than $1 billion, its CEO told Reuters on Tuesday, adding he anticipated continued growth. The Victoria Falls Stock Exchange (VFEX) was set up in 2020 to attract global investors…
(Reuters) – Nikola Corp on Tuesday reported a bigger quarterly loss and said it would pause production to streamline the assembly line at its Coolidge, Arizona, factory amid sluggish demand for its battery-powered trucks. The company said it would double down on cutting costs and that it will build battery electric trucks only to order,…
By Andrew Osborn (Reuters) – The head of Russia’s Wagner mercenary force fighting in eastern Ukraine said on Tuesday he had been told he and his men would be regarded as traitors if they abandoned their positions in the city of Bakhmut. But Yevgeny Prigozhin said for the second time in a matter of days…
PARIS (Reuters) – Airbus delivered 54 airplanes in April, bringing its total for the year to 181, down 5% from the same period a year ago but enough to re-establish an industrial lead over U.S. rival Boeing, company data showed on Tuesday. The world’s largest planemaker also sold five planes in April, all of them…
By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan’s anti-corruption agency arrested former prime minister Imran Khan at Islamabad High Court on Tuesday, threatening fresh turmoil in the nuclear-armed country as clashes erupted between Khan supporters and police, killing at least one protester. Khan’s arrest comes a day after the powerful military rebuked him…
By Ismail Shakil OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau on Tuesday said Meta Platforms Inc’s opposition to proposed legislation that would compel payment by its Facebook unit and other internet companies for journalistic content was based on a flawed argument that news has no economic value. Speaking to a parliamentary committee about the…
By Helen Coster and Yuvraj Malik (Reuters) – Broadcaster Fox Corp beat estimates for third-quarter revenue and adjusted profit on Tuesday, as Chief Executive Lachlan Murdoch affirmed the company’s prime-time programming strategy following its recent $787.5 million settlement with Dominion Voting Systems and dismissal of star host Tucker Carlson. Dominion had sued Fox for $1.6…
(Reuters) – The metaverse could contribute as much as $760 billion or about 2.4% to U.S. annual gross domestic product (GDP) by 2035, according to a study commissioned by Facebook owner Meta Platforms. The concept of the metaverse includes augmented and virtual reality technologies that allow users to immerse themselves in a virtual world or…
WASHINGTON (Reuters) – Boeing Co deliveries fell to 26 airplanes in April, less than half of the previous month’s total, after a manufacturing defect forced the company to halt some shipments of its bestselling 737 MAX passenger jet. Deliveries of the MAX, which had climbed to 52 narrowbody jets in March, dropped to 17 planes…
