LONDON (Reuters) -The United States was put on review for a downgrade by credit rating agency DBRS Morningstar on Thursday over Washington’s debt ceiling haggling, shortly after a similar warning from Fitch. “The Under Review with Negative Implications reflects the risk of Congress failing to increase or suspend the debt ceiling in a timely manner,”…
LONDON (Reuters) – Transgender designer Erik Carnell has seen a surge in demand for his pins, prints, stickers and T-shirts after U.S. retailer Target Corp pulled his products amid a backlash by some customers to its Pride collection, he said on Thursday. Target’s Pride collection included more than 2,000 products from clothes and music to…
By Brad Brooks and Daniel Trotta (Reuters) – Organizers of some LGBT Pride events in Florida are limiting access by minors and increasing security in the face of a slate of new state laws they say unfairly target their community. But the organizers say the laws are rekindling a defiant energy they hope will help…
SHANGHAI (Reuters) -Alibaba Group Holding Ltd said on Thursday it planned to hire 15,000 people this year, dismissing rumours circulating on Chinese social media in recent days that the company planned to cut 20% of its workers. In a post on the firm’s official Weibo account, Alibaba said that among the 15,000, more than 3,000…
By Savyata Mishra (Reuters) -Best Buy Co Inc on Thursday posted a smaller-than-expected drop in comparable sales and said inflation-induced weakness in electronics should bottom out by the end of the year, sending shares of the top U.S. electronics retailer up 4%. The company, which beat its first-quarter profit estimates, also maintained its full-year profit…
By James Oliphant (Reuters) -Florida Governor Ron DeSantis, who announced on Wednesday he is seeking the 2024 Republican presidential nomination, is likely to be former President Donald Trump’s top rival due to his budding national profile and fundraising acumen. Here are some facts about DeSantis’ life and political career. A LIFE IN PUBLIC SECTOR DeSantis,…
ATHENS (Reuters) – Ioannis Sarmas, a senior judge, was sworn in as Greece’s caretaker prime minister on Thursday to lead the country to a repeat election on June 25 following Sunday’s inconclusive vote. Sarmas, the president of the Hellenic Court of Audit, one of Greece’s three top courts, is expected to form an interim cabinet…
By Ali Kucukgocmen and Ece Toksabay ANKARA (Reuters) -Turkey’s central bank kept its policy rate at 8.5% on Thursday as expected, holding steady for a third straight month, despite a market rout after the first round of elections which indicated President Tayyip Erdogan was poised to win in the runoff. After Erdogan’s solid lead in…
By Marc Jones LONDON (Reuters) – Markets were stuck in debt ceiling limbo on Thursday, while Europe largely shrugged off news that its biggest economy, Germany, had sagged into recession and that all the debt wrangling could cost the U.S. a couple of AAA credit ratings. With traders fixated by the funding fight in Washington,…
OTTAWA (Reuters) – Canadian factory sales most likely fell 0.2% in April from March, largely driven by the food and primary metal industries, Statistics Canada said in a flash estimate on Thursday. The estimate was calculated based on a weighted response rate of 68.6%. The average weighted response rate for the survey over the previous…
