GENEVA (Reuters) – The United Nations High Commissioner for Human Rights called on Friday for countries to clamp down on people smugglers and human traffickers after at least 78 migrants were killed in a shipwreck off the coast of Greece. Witness accounts suggested between 400 and 750 people had packed a fishing boat that capsized…
By Josh Ye HONG KONG (Reuters) -China’s tech firm Baidu Inc said on Friday that it has obtained a commercial licence from regulators for its driverless ride-hailing service in parts of Shenzhen, the country’s tech hub. Its fleet of driverless robotaxis, under the brand Apollo Go, will be allowed to operate and collect fares from…
By Sumit Khanna AHMEDABAD, India/KARACHI (Reuters) – Roofs were blown off houses and trees and electric poles uprooted, leaving thousands without power as a severe cyclone made landfall and rain lashed both the Indian and Pakistani coasts early on Friday. At least two people died in India’s western state of Gujarat after being swept away…
By Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) – Indian Prime Minister Narendra Modi will meet the CEOs of top American companies including FedEx, MasterCard and Adobe during his trip to the United States for an official state visit, a source with knowledge of the matter said. The CEO reception with more than 1,200 participants,…
By Jarrett Renshaw (Reuters) – When President Joe Biden signed his signature Inflation Reduction Act last August, he hailed the collection of green energy tax credits as a major victory for climate change, and flagged “another win” for the American people: cutting the deficit. “We’re cutting the deficit to fight inflation by having the wealthy…
By Lefteris Papadimas and Stamos Prousalis KALAMATA, Greece (Reuters) -Rescuers scoured the seas off Greece on Thursday following a shipwreck that killed at least 78 migrants, as hopes of survivors dwindled and fears grew that hundreds more, including children, may have drowned inside the crowded vessel’s hold. Reports suggested between 400 and 750 people had…
By Naomi Rovnick LONDON (Reuters) – If you looked at red-hot stock markets without following central banks, you could well assume interest rates are being cut. Of course, they are not. The U.S. Federal Reserve this week paused its most aggressive interest rate rise cycle in decades, but laced the decision with a warning of…
BEIJING (Reuters) – China’s fiscal revenues grew 14.9% in the first five months from a year earlier, quickening from a 11.9% rise in the first four months, data from the finance ministry showed. Fiscal spending rose 5.8% in the January-May period from a year earlier, slowing from a rise of 6.8% rise in the first…
By Jan Strupczewski BRUSSELS (Reuters) – France and Germany clashed on Friday over how to reform the European Union’s fiscal rules and both claimed they had the backing of many other EU governments in a dispute that is unlikely to be resolved before the end of the year. The fiscal rules, called the Stability and…
By Georgina Lee and Winni Zhou HONG KONG (Reuters) – The Hong Kong stock exchange will start offering yuan-denominated Chinese stocks from Monday in what it calls a dual counter, a scheme that is seen as part of China’s efforts to increase the yuan’s use overseas. The exchange will initially target the offerings at investors…
