By M. Sriram and Aditya Kalra MUMBAI/NEW DELHI (Reuters) – Starbucks is revamping its strategy to lure Indians, including children, with smaller, cheaper beverages as it looks to expand in small towns amid a fierce challenge from domestic startups in one of its fastest-growing markets. Among the first foreign coffee brands to enter tea-loving India,…
By Nell Mackenzie and Chiara Elisei LONDON (Reuters) – Hedge fund Man Group Chief Executive Luke Ellis believes central banks have not tamed inflation and threats to the broader economy persist, he said on Wednesday. “The bigger picture is that central banks think they’ve done a lot but they haven’t really made much difference to…
By Kanishka Singh WASHINGTON (Reuters) – The United States on Wednesday announced a reward of up to $5 million for information that could lead to the arrest of Swedish national Maximilian Rivkin, who has been charged with involvement in drug trafficking and money laundering. The offer was announced by the U.S. State Department jointly with…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that if sustained, could result in trade being a drag on economic growth in the second quarter. The increase reported by the Commerce…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that if sustained, could result in trade being a drag on economic growth in the second quarter. The increase reported by the Commerce…
By Michael Martina and Kanishka Singh WASHINGTON (Reuters) -The United States will push back on China’s targeting of American companies such as memory chipmaker Micron Technology Inc, a campaign Washington considers politically motivated and unfair, U.S. Ambassador to China Nicholas Burns said on Wednesday. In May, China’s cyberspace regulator said Micron Technology would be barred…
(Reuters) -A Florida prosecutor and a defense attorney traded opening arguments on Wednesday at the trial of a former sheriff’s deputy accused of failing to protect students during the 2018 mass shooting at Parkland’s Marjory Stoneman Douglas High School. Scot Peterson was on duty as a school resource officer when a gunman entered a building…
WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken spoke with Senegal’s President Macky Sall on Wednesday, and the two discussed the political situation and recent unrest in the African country, a State Department spokesperson said. “Blinken expressed his condolences for those killed and injured during the recent violence. The Secretary reiterated the United States’…
By Susan Heavey and David Lawder WASHINGTON (Reuters) -The U.S. economy is strong amid robust consumer spending but some areas are slowing down, U.S. Treasury Secretary Janet Yellen said on Wednesday, adding that she expects continued progress in bringing inflation down over the next two years with a strong labor market. Yellen, in a CNBC…
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentine budget airline Flybondi said on Tuesday it would ground two planes due to an inability to access U.S. dollars needed to pay for services outside the country, underlining the strict capital controls facing many companies. Flight cancellations and delays will affect 5,500 passengers between Wednesday and Friday,…
