(Reuters) – Intel is in talks with SoftBank Group Corp’s Arm to be an anchor investor in the chip maker’s initial public offering (IPO), a source familiar with the matter told Reuters on Monday. Arm plans to sell its shares on Nasdaq later this year, seeking to raise between $8 billion and $10 billion, Reuters…
By Ismail Shakil OTTAWA (Reuters) – Smoke shrouded Western Canada on Monday as wildfires flared again in the main oil-producing province of Alberta, while firefighters in Quebec doused some of the worst early season blazes, allowing thousands of evacuees to return home. Canada is enduring its most destructive start to wildfire season, with about 4.8…
SYDNEY (Reuters) – Australia’s business conditions eased sharply in May, dented by slower gains in sales and employment, suggesting demand growth is moderating in the wake of the central bank’s most aggressive tightening campaign in its modern history. The survey from National Australia Bank Ltd (NAB) released on Tuesday showed its index of business conditions…
By Lucy Craymer WELLINGTON (Reuters) – The New Zealand central bank’s aggressive hiking of the cash rate likely pushed the country into a technical recession in the first quarter, a Reuters poll found, giving traction to the idea the cash rate may have peaked. Gross domestic product (GDP) is expected to be down 0.1% in…
BEIJING (Reuters) -China is willing to begin talks on a free trade agreement with Honduras “as soon as possible”, Chinese President Xi Jinping said on Monday, during the first visit by the Central American country’s president since forming diplomatic ties in March. Honduras’ President Xiomara Castro is on a six-day official visit to China. She…
BOGOTA (Reuters) – The eldest of the four Indigenous children who were missing for more than five weeks in Colombia’s southern jungle after a plane crash pulled her youngest sibling from the wreckage, the children’s grandfather said on Monday. The children, aged 1 through 13, survived the May 1 crash that killed their mother and…
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden postponed a meeting with the head of NATO and skipped his other public events on Monday to undergo his second root canal procedure in as many days, the White House said. “The president is doing just fine and he will be certainly working in the…
By Nupur Anand and Trevor Hunnicutt NEW YORK (Reuters) – U.S. first lady Jill Biden on Monday embarked on a fundraising tour to build up President Joe Biden’s re-election campaign coffers, telling a well-heeled Manhattan crowd of nearly 50 people that her husband “knows how to get things done.” The event was hosted at the…
By Daina Beth Solomon and Ted Hesson MEXICO CITY (Reuters) – U.S. asylum appointments at a dangerous Texas-Mexico border crossing can no longer be scheduled via an online app following reports that migrants face extortion in Mexico. Advocates for migrants in the Mexican city of Nuevo Laredo, just across the border from Laredo, were informed…
By David Shepardson WASHINGTON (Reuters) – U.S. Senator Richard Blumenthal on Monday asked the PGA Tour and LIV Golf for communications and records on their planned merger, citing concerns about the Saudi government’s role in the deal and risks posed by a foreign government entity assuming control over the sport. Blumenthal, a Democrat who chairs…
