WASHINGTON (Reuters) – The U.S. economy is slowing in an “orderly fashion” that should allow inflation to decline even as growth continues, Fed Governor Philip Jefferson said on Tuesday. “The economy has started to slow in an orderly fashion…I am of the view that inflation will start to come down and the economy will have…
By Emma Farge GENEVA (Reuters) – Aid workers say fighting between rival military factions in Sudan is pushing poorly-funded humanitarian programmes in the region to a breaking point. Even before the violence began on April 15, millions of people in Sudan and neighbouring countries were dependent on aid due to poverty and conflict. Since then,…
By Mahamat Ramadane, Joe Bavier and Emma Farge GOUNGOUR, Chad (Reuters) – When a power struggle between Sudan’s rival military leaders shattered a tenuous peace in her village in Sudan’s western region of Darfur, Halime Yacoub Issac’s first instinct was to take her five children and run. But four days after seeking refuge in neighbouring…
By Guy Faulconbridge MOSCOW (Reuters) -President Vladimir Putin said on Tuesday that Russians were united in a “sacred” fight with the West over Ukraine but the strains of war were evident at one of the most pared back anniversaries of the victory over Nazi Germany in decades. Putin has repeatedly likened the war in Ukraine…
By Arriana McLymore NEW YORK (Reuters) – Amazon said on Tuesday it had begun selling users of mobile games related physical items such as T-shirts and toys as it teamed up with the makers of Pokemon GO to provide merchandise related to a new game. The e-retailer announced a business-to-business program called Amazon Anywhere allowing…
(Reuters) – GlobalFoundries Inc projected quarterly revenue below estimates on Tuesday as the chip manufacturer takes a hit from slumping sales of smartphones and other consumer electronics, sending its shares down nearly 5% in premarket trading. The chip industry has struggled in the past few months due to a slowdown in orders from data center…
By Nupur Anand NEW YORK (Reuters) – U.S. home buyers are still committed to their plans to buy a property despite rising interest rates, high inflation and slowing growth, according to a study by Bank of America published on Tuesday. Of the 1,000 respondents surveyed, 54% said they will speed up their home purchase plans,…
By Brendan O’Brien and Tyler Clifford (Reuters) – A Texas man accused of crashing his car into a group of pedestrians near a Brownsville homeless shelter housing migrants, killing eight people, has been charged with manslaughter and aggravated assault, police said on Monday. The driver, identified as 34-year-old George Alvarez, ran a red light, lost…
(Reuters) -Shares of PacWest Bancorp looked set to lead declines in U.S. regional lenders at market open on Tuesday as investors feared the ongoing banking crisis could deepen. PacWest dropped 6.5% in premarket trading, a day after the Los Angeles-based lender’s decision to cut its quarterly dividend failed to stem worries about its financial stability. …
By Giulio Piovaccari MILAN (Reuters) -Iveco Group is set to loosen ties with U.S. start-up Nikola as it said on Tuesday it was purchasing the full ownership of their joint venture which develops battery electric and fuel cell heavy-duty trucks. The Italian truckmaker and Nikola had formed the joint venture in 2019 to help Iveco,…
