WASHINGTON (Reuters) – The United States and India declared themselves “among the closest partners in the world” on Thursday during a state visit by Indian Prime Minister Narendra Modi to Washington hosted by President Joe Biden. Washington has been frustrated by India’s close ties with Russia while Moscow wages war in Ukraine. Modi did not…
By Rae Wee SINGAPORE (Reuters) – The dollar drew support from a bout of risk aversion on Friday as hawkish comments from global central banks, including the Federal Reserve, stoked fears that their aggressive monetary tightening could push economies into a deeper downturn. Sterling struggled to hold gains from a larger-than-expected 50-basis-point rate rise from…
By Kanishka Singh and Nandita Bose WASHINGTON (Reuters) -Indian Prime Minister Narendra Modi denied that discrimination against minorities existed under his government during a press conference with U.S. President Joe Biden on Thursday, despite rights groups and State Department reports of abuses. Biden said he discussed human rights and other democratic values with Modi during…
(Reuters) – Nasdaq said on Thursday it aims to sell debt worth $5.07 billion to fund its purchase of Thoma Bravo-owned software company Adenza. The $10.5 billion deal, announced earlier this month to help transform the exchange operator into a financial technology company, comprises $5.75 billion in cash and 85.6 million shares of Nasdaq common…
By Clark Mindock (Reuters) -An Oregon county on Thursday sued Exxon, Chevron, other major oil and coal companies, and industry groups, seeking over $50 billion to counter the harms caused by extreme weather fueled by climate change. Multnomah County said in the lawsuit filed in state court in Portland that fossil fuel companies and trade…
BRASILIA (Reuters) -Brazil’s proposed tax reform will include compensation funds to benefit states that lose money under the changes, the bill’s coordinator, Congressman Aguinaldo Ribeiro, said on Thursday, as the proposed constitutional amendment was unveiled. The restructuring of Brazil’s notoriously complex consumption taxes, which has been attempted previously by various governments multiple times without success,…
(Reuters) -TikTok Chief Operating Officer V. Pappas is stepping down after five years with the short-video company owned by China’s ByteDance, according to an email seen by Reuters on Thursday. In an email to staff, Pappas said they would be taking on an advisory role for the company during the transition. “Given all the successes…
(Reuters) -TikTok Chief Operating Officer V. Pappas is stepping down after five years with the short-video company owned by China’s ByteDance, according to an email seen by Reuters on Thursday. In an email to staff, Pappas said they would be taking on an advisory role for the company during the transition. “Given all the successes…
(Reuters) – A Wyoming judge on Thursday temporarily blocked a law banning medication abortion in the Western state, delaying what could be the nation’s first such ban while a lawsuit challenging it makes its way through the courts, the Casper Star Tribune reported. Wyoming’s ban, one of numerous abortion restrictions passed by Republican lawmakers in…
By Anirudh Saligrama (Reuters) – BlackRock has announced layoffs that would impact less than 1% of its workforce as a result of budget reallocations to support critical priorities, according to a memo seen by Reuters on Thursday. The investment management firm has about 19,500 employees across more than 30 countries. BlackRock had cut 500 jobs…
