By Paul Lienert and Joseph White DETROIT (Reuters) – General Motors has signaled in a series of recent announcements on plant retoolings that it plans to keep its largest and most profitable combustion trucks and SUVs in production longer than expected – another 10 to 12 years, according to analysts and suppliers. This should enable…
By David Lawder LIMA (Reuters) – World Bank President Ajay Banga wants the lender to focus on more “scalable, replicable” projects across Latin America and elsewhere for transport and infrastructure and digitization of government and financial services to speed development. Banga, on his first foreign trip since taking office, told Reuters on Monday that he…
By Sachin Ravikumar LONDON (Reuters) -British Prime Minister Rishi Sunak said on Monday he had rejected a plea from Boris Johnson to overrule an independent body and allow some of the former leader’s allies to join parliament’s upper chamber because he didn’t think it was right. Responding to critics within his ruling Conservative Party, which…
By Sarah N. Lynch WASHINGTON (Reuters) – U.S. Special Counsel Jack Smith has said former President Donald Trump will have a “speedy trial” in Miami on a 37-count indictment charging him with willfully retaining classified government records and obstructing justice. But the complexities of handling highly classified evidence, the degree to which Trump’s legal team…
By Brendan Pierson (Reuters) – Jurors in an upcoming trial in the case of a man who said he suffered chronic pain and other injuries from hernia repair mesh made by Becton, Dickinson and Co’s C.R. Bard Inc unit will not be allowed to hear about a 2011 fire in one of the company’s factories,…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Many bond investors are keeping a defensive stance in managing their portfolios ahead of this week’s Federal Reserve policy meeting, as they brace for the end of the monetary policy tightening cycle this year and possible interest rate cuts sometime in 2024. Investors widely expect the U.S. central bank’s…
BERLIN (Reuters) -German investor morale improved unexpectedly in June, the ZEW economic research institute said on Tuesday, while warning of persistent headwinds as export-focused sectors struggled with a weak global economy. The institute’s economic sentiment index remained in negative territory at -8.5 points, up from -10.7 points in May. A Reuters poll had pointed to…
MEXICO CITY (Reuters) -Mexico City Mayor Claudia Sheinbaum said she will step down on Friday to pursue the ruling party’s candidacy for the 2024 presidential election, bidding to become the country’s first female leader. President Andres Manuel Lopez Obrador’s leftist National Regeneration Movement (MORENA) on Sunday agreed that on Sept. 6 it would announce the…
(Reuters) -HSBC has decided to wind down its wealth and personal banking business in New Zealand, the bank said on Tuesday, as it exits from less profitable businesses globally to focus on expanding in certain Asian markets. The process, as a result of a strategic review, will happen over several years in a phased manner,…
LONDON (Reuters) – British police said a man had been arrested in Nottingham, central England, after three people were found dead in the city’s streets, officers said in a statement on Tuesday. (Reporting by Sachin Ravikumar, Editing by Kate Holton)
