By Asif Shahzad (Reuters) -Pakistan’s Prime Minister Shehbaz Sharif on Thursday briefed International Monetary Fund’s managing director Kristalina Georgieva on the economic outlook of the cash-strapped South Asian nation, hoping for the release of critical stalled funds. The meeting on the sidelines of the Global Financing Summit in Paris came with about a week left…
SEOUL (Reuters) – Netflix co-CEO Ted Sarandos pledged on Thursday that its bumper investment in South Korean content would not bypass young local talent, after calls by some lawmakers for the streaming giant to share more profits with creators. South Korea has created some of the Californian company’s biggest shows, which have become synonymous with…
By Aditya Kalra, Munsif Vengattil and Aditi Shah NEW DELHI (Reuters) – Elon Musk is eager to bring his Starlink satellite broadband to India, but the world’s richest man faces strong resistance from Mukesh Ambani, Asia’s wealthiest, who runs Indian telecom giant Reliance Jio. Following a meeting with Indian Prime Minister Narendra Modi in the…
(Reuters) -Transamerica owner Aegon on Thursday forecast a higher free cash flow and dividend in 2025, flagging untapped potential in the U.S and stepping up its strategy to invest in higher-return assets. The Dutch-listed insurer said it sees free cash flow of about 800 million euros ($878.96 million) in 2025, up from the 600 million…
KYIV (Reuters) – Ukraine’s military on Thursday reported “partial success” in fighting in the southeast and east, where it said its troops were continuing to conduct offensive operations. Kyiv’s forces, which began a military push against Russian forces this month, were reinforcing the positions they reached after attacking towards the southeastern villages of Rivnopil and…
By Valerie Insinna and Abinaya V PARIS (Reuters) -Spirit AeroSystems on Thursday will suspend factory production at its plant in Wichita, Kansas, the company said, after workers rejected a proposed four-year deal and announced a strike to begin on June 24. Spirit is one of the most consequential suppliers for aerospace heavyweights Boeing and Airbus,…
PARIS (Reuters) – President Macron hosts a summit in Paris starting Thursday to discuss reform of the world’s multilateral finance institutions in the face of climate change and other development challenges. A key topic of discussion will be suggestions from a groupof developing countries, led by Barbados, dubbed the ‘BridgetownInitiative’. The key demands of the…
By Ryan Woo BEIJING (Reuters) -A gas explosion at a barbecue eatery on Wednesday night in China’s northwestern Ningxia region killed 31, according to state-run Xinhua news agency, in one of the country’s deadliest restaurant blasts in recent years. The explosion at the two-storey establishment sparked discussion on Chinese social media about the safety of…
MUMBAI (Reuters) – Fitch Ratings raised its growth forecast for the Indian economy to 6.3% for the current fiscal year, from 6% earlier, on the back of robust growth in the first quarter and strong near-term momentum, it said on Thursday. “The economy also continues to benefit from high bank credit growth and infrastructure spending…
By David Milliken LONDON (Reuters) -The Bank of England is set to raise interest rates for a 13th time in a row on Thursday, a day after inflation data came in higher than expected once again, with investors split on just how big the new hike will be. Economists polled by Reuters last week were…
