By Ann Saphir and Dan Burns WASHINGTON – A fight between Republicans and Democrats over the debt limit ceiling could send the U.S. economy into a recession even if the standoff doesn’t actually trigger a debt default, analysts say – and a much worse downturn with perhaps 7.5 million people thrown out of work if…
WASHINGTON (Reuters) -Azerbaijan and Armenia have made “tangible progress” towards a peace agreement in negotiations this week in Washington, U.S. Secretary of State Antony Blinken said on Thursday. Armenia and Azerbaijan have fought two wars over 30 years focusing on the territory of Nagorno-Karabakh, recognised as part of Azerbaijan but populated mainly by Armenians. In…
By Savyata Mishra (Reuters) – ANZ Group Holdings Ltd on Friday edged past expectations with a 22.8% rise in first-half profit but warned of a tough second half amid stiff competition in retail banking and rising cost pressures. The lender’s record profit, driven by “solid revenue growth across the board”, follows a period of rapid…
MEXICO CITY (Reuters) – Sons of former Mexican drug lord Joaquin “El Chapo” Guzman denied U.S. allegations that they were major traffickers flooding the United States with synthetic opioid fentanyl, addressing the claims against them in a rare letter. The U.S. Justice Department last month charged leaders of the Sinaloa Cartel with trafficking fentanyl and…
By Doyinsola Oladipo NEW YORK (Reuters) -Expedia Group Inc on Thursday beat Wall street estimates for first-quarter revenue on record lodging bookings as travel returns to urban markets and international travel demand approaches pre-pandemic levels. U.S. travel companies are benefiting from higher prices and record accommodation bookings as travel demand remains elevated despite concerns of…
(Reuters) -Australia’s competition regulator said on Friday it has declined to reauthorise an agreement between Virgin Australia and Alliance Aviation Services to jointly provide fly-in and fly-out (FIFO) services to their corporate clients. The alliance involves the second and the third largest FIFO charter operators jointly providing and coordinating their services to corporate clients, the…
By Clark Mindock (Reuters) -Environmental groups have sued California regulators over new rules they say will discourage the growth of rooftop solar installations, in violation of state law. Three groups filed a petition on Wednesday asking a state court in San Francisco to review and set aside the California Public Utilities Commission’s policy changes, which…
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – The Hollywood writers’ strike that kicked off this week could last well into the summer and likely beyond, top executives close to the discussions told Reuters this week. On day three of the walkout that has roiled the industry, the two sides remained so far…
By Suleiman Al-Khalidi AMMAN (Reuters) – Syria should soon be able to return to the Arab League but many challenges lie ahead in resolving the country’s more than decade-old conflict, Jordan’s Foreign Minister Ayman Safadi said on Friday. The organisation suspended Syria’s membership in 2011 over President Bashar al-Assad’s violent crackdown on an uprising that…
(Reuters) -Carvana Co said on Thursday that it expects to post a profit in the current quarter and plans to further bring down excess used-car inventory as the retailer sharpens its focus on cutting costs, sending its shares surging 26% in aftermarket trading. The company also reported a smaller-than-expected loss, benefiting from cost cuts. “We’ve already…
