By Steve Scherer and Ismail Shakil OTTAWA (Reuters) – Canadian businesses still see inflation running high before edging down slowly, the Bank of Canada said on Friday in a second quarter survey at a time when labor market and wage pressures are seen easing. Most businesses expect to hire over the next year, but fewer…
By Marianna Parraga HOUSTON (Reuters) – Negotiators representing Venezuela have held settlement talks with bondholders and creditors owed billions of dollars from defaults and expropriation claims, the head of a board supervising the country’s foreign oil assets told Reuters. The talks have gained urgency as a federal court judge is to decide next month whether…
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court took up another major dispute over gun rights on Friday, agreeing to decide whether a 1994 federal law that bars people under domestic violence restraining orders from possessing firearms violates the Constitution’s Second Amendment. The justices agreed to hear an appeal by President Joe Biden’s…
(Reuters) -Britain’s competition regulator said on Friday that Photoshop owner Adobe’s $20 billion buyout of cloud-based designer platform Figma may be referred to a deeper investigation as it could “reduce innovation”. The Competition and Markets Authority (CMA) said unless the parties offer acceptable undertakings to address competition concerns, mainly in screen design software where Figma…
By John McCrank and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The last rates based on the tarnished London Interbank Offer Rate, or Libor, were published on Friday, marking a mostly quiet end of a nearly decade-long effort to move away from what was once dubbed the world’s most important number. While there has been some…
LONDON (Reuters) – Two influential lawmakers in the United States and Britain accused HSBC on Friday of contributing to the oppression of people in Hong Kong by thwarting their attempts to access pension funds in order to emigrate. The intervention piles further pressure on HSBC, which has attracted criticism for allegedly mistreating customers who have…
BRUSSELS/FRANKFURT (Reuters) – The European Commission has demanded that German gas importer Uniper divest its Dutch business to obtain regulatory approval for a rescue deal, German daily Handelsblatt reported, citing several people familiar with the matter. The European Commission has set itself a Dec. 16 deadline to decide on whether to approve Germany’s bailout of…
By Ron Bousso LONDON (Reuters) -Shell’s head of renewable generation Thomas Brostrom is leaving the company, a spokesperson said on Friday, weeks after CEO Wael Sawan scaled back its energy transition plans. Brostrom joined Shell from offshore wind giant Orsted in August 2021 to head offshore wind as the company planned to rapidly grow its…
(Reuters) – U.S. Senate Judiciary Committee Chairman Dick Durbin and ranking Republican member Lindsey Graham said on Friday they wrote to Meta CEO Mark Zuckerberg regarding reports that Instagram’s algorithm facilitates child sexual abuse material. Earlier this month, CNBC reported that Instagram’s recommendation algorithms have been connecting and promoting accounts that facilitate and sell such…
(Corrects June 29 story to remove reference to aspartame in Weight Watchers yoghurts in paragraph 6) By Richa Naidu and Savyata Mishra LONDON (Reuters) -Consumers, food companies, retailers and restaurants need to decide whether to fight back or find alternatives to one of the world’s most common artificial sweeteners, as a leading global health body…
