MEXICO CITY (Reuters) – Mexico’s annual inflation rate slowed in May for a fourth consecutive month to 5.84%, data from statistics agency INEGI showed on Thursday, beating forecasts and continuing a downward trend spurred by a long cycle of rate hikes. Headline inflation came in below a forecast of 5.90% and is now at its…
WASHINGTON (Reuters) – The U.S. Department of Justice should investigate whether cryptocurrency exchange Binance made false statements to Congress in a written response to lawmakers this year, two Democratic U.S. senators said in a letter released on Thursday. “This is a serious matter,” Senator Elizabeth Warren and Chris Van Hollen wrote in a letter to…
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits surged last week, suggesting that the labor market was slowing amid mounting risks of a recession. Initial claims for state unemployment benefits jumped 28,000 to a seasonally adjusted 261,000 for the week ended June 3, the Labor Department said on Thursday. Economists…
By Belén Carreño, Anthony Boadle and Michel Rose MADRID/BRASILIA/PARIS (Reuters) – Spain will appeal to President Emmanuel Macron’s ambition to make the European Union a “third pole” in world affairs in its bid to secure vital French backing for a stalled EU trade deal with South America, according to three senior government and diplomatic sources….
WASHINGTON (Reuters) – Secretary of State Antony Blinken on Thursday welcomed the Ethiopian government’s commitment to investigate the diversion of American food aid away from people who needed it, the State Department said. The U.S. Agency for International Development (USAID) said earlier it was suspending food aid to Ethiopia after determining, in coordination with the…
By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -India’s central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as widely expected, but signalled that monetary conditions will remain tight for some time as it looks to further curb inflationary pressures. Despite hitting an 18-month low of 4.70% in…
By Ali Sawafta RAMALLAH, West Bank (Reuters) -Clashes erupted after Israeli forces raided the city of Ramallah in the West Bank early on Thursday in what the military said was an operation to demolish the house of a Palestinian accused of a Jerusalem double-bombing last year. The Palestinian health ministry said at least 35 people…
KHARTOUM (Reuters) -A massive fire broke out on Wednesday near a military complex containing an arms factory in southern Khartoum that Sudan’s army has battled to defend in some of the fiercest fighting for weeks in its conflict with a rival faction, witnesses said. The paramilitary Rapid Support Forces (RSF), in the eighth week of…
By Lisa Baertlein LOS ANGELES (Reuters) – Unions hope a $30 million grant to electrify tractors in a Long Beach, California, port terminal’s final push to become the world’s first zero-emissions facility will serve as a bulwark against lost jobs in an era of energy transition and increasing automation. The money from U.S. President Joe…
MADRID (Reuters) – U.S. electric car manufacturer Tesla is in talks with the leaders of the regional government of Valencia in Spain to build a car factory, newspaper Cinco Dias reported on Thursday, citing unidentified sources close to the discussions. The company’s total investment in the factory could surpass 4.5 billion euros ($4.83 billion), the…
