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…
(Reuters) – The owner of the submersible that went missing during a tourist expedition to the Titanic’s wreckage said on Thursday it believed that the crew on board have “sadly been lost” after debris matching the missing sub was found on the ocean floor. Here are some facts about the unusual vessel, which lost contact…
(Reuters) -Thyssenkrupp and Industrie De Nora on Friday set the price range for the initial public offering (IPO) of their joint venture Thyssenkrupp Nucera below the expected value. Up to 30.3 million shares in Nucera will be offered to investors at a price between 19 euros ($20.76) and 21.50 euros, corresponding to a stock market…
By Tom Balmforth KYIV (Reuters) -Ukrainian missiles on Thursday struck one of the few bridges linking the Crimea Peninsula with the Ukrainian mainland, Russian-appointed officials said, cutting one of the main supply routes for Russian occupation forces in southern Ukraine. Meanwhile on the eastern front, Ukrainian forces were containing Russian troops and have not allowed…
By Clark Mindock (Reuters) -3M Co has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to “forever chemicals,” the chemical company announced on Thursday. The company said the settlement would provide the funds over a 13-year period to cities, towns and other public water…
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 Nandita Bose and Patricia Zengerle WASHINGTON (Reuters) -U.S. President Joe Biden and Narendra Modi hailed a new era in their countries’ relationship after the White House rolled out the red carpet for the Indian prime minister on Thursday, touting deals on defense and commerce aimed at countering China’s global influence. “Two great nations, two…
By Yoruk Bahceli (Reuters) – Savers across the euro zone are dashing for government debt to secure returns on their cash as banks struggle to keep up with surging interest rates. Leading the way is Italy, which sold a record 18.2 billion euro retail bond this month to increase domestic holdings of its debt. But…
SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 4.7% year-on-year in May, official data showed on Friday. The May core inflation rate – which excludes private road transport and accommodation costs – eased from the 5% seen in April and matched a Reuters poll of economists. Headline inflation was up 5.1% year-on-year in May,…
