By Shreyashi Sanyal (Reuters) -European shares dipped on Friday at the end of a central bank policy-packed week that reinforced views that interest rates could stay higher for longer, while shares of Siemens Energy plunged as it withdrew its annual profit outlook. The STOXX 600 index edged 0.1% lower. The index has lost 2.7% for…
By Jonathan Stempel NEW YORK (Reuters) – Jeffrey Epstein’s victims have formally asked a U.S. judge to preliminarily approve JPMorgan Chase’s $290 million settlement to resolve claims that the largest U.S. bank turned a blind eye to the disgraced financier’s sexual abuses. Lawyers for the victims said in a Thursday night filing in Manhattan federal…
LONDON (Reuters) – Britain’s economy showed signs of a slowdown this month but inflation pressures stayed high, according to a survey published a day after the Bank of England raised interest rates sharply and said it was ready to do more to tame price growth. S&P Global’s Composite Purchasing Managers’ Index (PMI) – covering businesses…
(Reuters) -Former U.S. Representative Will Hurd on Thursday announced he would run for president, joining a growing list of Republicans seeking to unseat Democratic President Joe Biden in the November 2024 election. Here are some of the candidates in both the Democratic and Republican parties. REPUBLICAN PARTY DONALD TRUMP Trump, 77, announced his election campaign…
KYIV (Reuters) – Ukraine’s armed forces have halted a Russian offensive towards the cities of Kupiansk and Lyman in the east of the country, and are advancing in the south, a senior Ukrainian defence official said on Friday. “We had very fierce battles in the Kupiansk and Lyman directions, but our soldiers stopped the enemy…
By Leigh Thomas PARIS (Reuters) -Zambia has struck a deal to restructure $6.3 billion in debt owed to other governments, including China, marking a long-awaited breakthrough for indebted nations around the world that have faced lengthy negotiations with creditors. Zambia in 2020 became the first African country to default on its sovereign debt during the…
BERLIN (Reuters) – German business activity slowed notably this month as growth in the services sector decelerated and a slump in manufacturing deepened, a preliminary survey showed on Friday. The HCOB German Flash Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 50.8 in June from 53.9 in May, below analysts’ expectations for…
(Reuters) -GSK reached a settlement with a U.S. citizen who alleged its discontinued heartburn drug Zantac caused cancer, the British pharmaceutical giant said on Friday, preventing the first such lawsuit from going to trial. The case, brought by California resident James Goetz in Alameda County Superior Court, was to go to trial on July 24…
BENGALURU (Reuters) – Boeing has announced a $100 million investment in infrastructure and programs to train pilots in India, according to a White House statement released on Thursday. This comes on the heels of Air India signing firm orders of over 200 jets earlier this week from Boeing, which include 20 787 Dreamliners, 10 777Xs,…
By William Schomberg LONDON (Reuters) -British retail sales unexpectedly rose in May, boosted by an extra bank holiday to mark the coronation of King Charles but also suggesting most consumers were coping with high inflation’s squeeze on their spending power. A day after the Bank of England escalated its battle against inflation by raising interest…
