(Reuters) – The U.S. budget deficit swelled in May from a year earlier as revenue tumbled and Medicare spending surged, the Treasury Department said on Monday in its first monthly accounting of the government’s finances since a deal was reached to suspend the debt limit and avoid a first-ever federal default. The May deficit shot…
WASHINGTON (Reuters) – U.S. District Judge Leo Sorokin on Monday delayed the effective date of a permanent injunction after ruling American Airlines and JetBlue Airways must end their Northeast Alliance (NEA) they used to coordinate flights and pool revenue. Sorokin initially said the injunction would take effect June 20. He said Monday he would now…
By Erikas Mwisi Kambale BENI, Democratic Republic of Congo (Reuters) -More than 45 civilians were killed in a militia attack on a camp for displaced people in eastern Democratic Republic of Congo’s Ituri province early on Monday, the United Nation’s peacekeeping mission said. The Cooperative for the Development of the Congo (CODECO) group, one of…
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate likely sped up to 8.8% in May, according to analysts polled by Reuters, as prices in the South America country continue to soar despite a cooling trend in other countries around the region. Argentina is battling soaring inflation likely to end the year near…
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom is set to gain conditional EU antitrust approval for its $61 billion proposed acquisition of cloud computing firm VMware, people familiar with the matter said, sending its shares up by almost 5%. The European Commission’s clearance is tied to remedies relating to Broadcom’s interoperability with…
By Emilio Parodi, Elvira Pollina and Alvise Armellini MILAN (Reuters) -Silvio Berlusconi, the billionaire media mogul and former Italian prime minister who transformed the nation’s politics with polarising policies and often alarmed his allies with his brazen remarks, died on Monday aged 86. Berlusconi, Italy’s longest-serving premier who counted Russian President Vladimir Putin as a…
(Reuters) -Goldman Sachs Chief Executive David Solomon told CNBC on Monday that the U.S. economy has been more resilient than feared, even though inflation was proving somewhat stickier. Solomon said he expected a pick-up in recent “anemic” capital markets activity, adding this had not been unusual after 2022’s adjustment of valuations and capital costs. “I…
MILAN (Reuters) – Former Italian Prime Minister Silvio Berlusconi, a billionaire businessman who created Italy’s largest media company and led AC Milan to international soccer glory before transforming the political landscape, died aged 86. Here are some reactions to the news of his death: GIORGIA MELONI, ITALIAN PRIME MINISTER “Silvio Berlusconi was above all a…
By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg on Monday said he told Mexican President Andres Manuel Lopez Obrador last week any decision to reinstate the country’s air safety rating would not be based on politics. “The rating as I emphasized to the president is a safety decision. It’s independent of any economic,…
By Karen Freifeld (Reuters) -The Biden administration on Monday added 43 entities to an export control list, including Frontier Services Group Ltd, a security and aviation company previously run by Erik Prince, for training Chinese military pilots and other activities that threaten U.S. national security. The Test Flying Academy of South Africa, a flight school…
