By Leah Douglas WASHINGTON (Reuters) – The U.S. Office of Special Counsel (OSC) has ordered the Department of Agriculture to investigate worker complaints about poor management and safety hazards at its flagship Maryland research facility, according to a letter seen by Reuters. Reuters exclusively reported in May that workers at the Beltsville Agricultural Research Center…
BEIJING (Reuters) -China’s central bank said on Friday it would implement prudent monetary policy in a “precise and forceful manner” to support economic growth and employment, amid a slowdown in the economy’s recovery from the COVID pandemic. The People’s Bank of China will continue to keep the yuan basically stable and guard against the risk…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending stagnated in May as households cut back on purchases of motor vehicles and other long-lasting goods amid higher borrowing costs, suggesting a considerable loss of momentum in economic growth in the second quarter. While the Commerce Department’s report on Friday showed annual inflation rising last month…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer spending stagnated in May as households cut back on purchases of motor vehicles and other long-lasting goods amid higher borrowing costs, suggesting a considerable loss of momentum in economic growth in the second quarter. While the Commerce Department’s report on Friday showed annual inflation rising last month at…
By Ismail Shakil and Nivedita Balu OTTAWA (Reuters) -Canada’s economy regained momentum in May after stalling in April, Statistics Canada data showed on Friday, leaving the door open for the Bank of Canada to hike interest rates in July. The economy was unchanged in April from March, missing forecasts, in what economists said was the…
By Anirban Sen and Andres Gonzalez NEW YORK/LONDON (Reuters) -Global mergers and acquisitions (M&A) activity fell 36% year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that the stock market’s recovery will gradually restore chief executives’ dealmaking confidence. The total value of M&A fell to $732.82 billion in the second quarter of…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the first quarter of the year, in the midst of a still aggressive rate-hike cycle from the Federal Reserve aimed at curbing uncomfortably high inflation. The greenback’s share of reserves rose to 59%…
FRANKFURT (Reuters) – Inflation in the euro zone extended its decline in June as the cost of fuel tumbled, more than offsetting an acceleration in prices for services, a preliminary reading showed on Friday. The data, pointing to only the smallest drop in underlying inflation, was unlikely to sway the European Central Bank, which has…
(Reuters) – Apple Inc’s market capitalization on Friday breached the $3 trillion mark for the first time since January last year, as investors bet on the iPhone maker’s ability to grow its revenue even as it explores new markets such as virtual reality. Shares of Apple, which is also the world’s most valuable- listed company,…
MALAKASA/KALAMATA, Greece (Reuters) – Survivors of a boat disaster that likely killed hundreds of migrants near Greece have given accounts of traffickers in North Africa cramming them into a clapped-out fishing trawler. They recounted hellish conditions above and below deck, with no food or water. Some also said the tragic end, when it came, was…
