By Dominique Vidalon and Mathieu Rosemain PARIS (Reuters) – A trio of French businessmen readied on Thursday to make a new offer for debt-laden supermarket chain Casino after exclusive tie-up talks between Casino and smaller retail rival Teract collapsed. In a joint statement, telecoms billionaire Xavier Niel, investment banker Matthieu Pigasse and entrepreneur Moez-Alexandre Zouari…
By Viktoriia Lakezina and Max Hunder KHERSON, Ukraine (Reuters) -Hundreds of Ukrainians were rescued from rooftops on Thursday, two days after waters from a huge breached dam submerged villages, fields and roads in the southern region of Kherson, as Kyiv dismissed reports its counteroffensive had begun. Drone video showed areas where often only the roofs…
WASHINGTON (Reuters) – U.S. Senate Majority Leader Chuck Schumer on Thursday called on Agriculture Secretary Tom Vilsack to double the number of U.S. personnel available to help fight wildfires raging in Canada and to mitigate the risk to American air quality. The chamber’s top Democrat said he would send a letter to Vilsack laying out…
By Gloria Dickie LONDON (Reuters) -El Nino has officially returned and is likely to yield extreme weather later this year, from tropical cyclones spinning toward vulnerable Pacific islands to heavy rainfall in South America to drought in Australia and in some parts of Asia. After three years of the La Nina climate pattern, which often…
By Dominique Vidalon and Mathieu Rosemain PARIS (Reuters) – A trio of French businessmen readied on Thursday to make a new offer for debt-laden supermarket chain Casino after exclusive tie-up talks between Casino and smaller retail rival Teract collapsed. In a joint statement, telecoms billionaire Xavier Niel, investment banker Matthieu Pigasse and entrepreneur Moez-Alexandre Zouari…
By Dominique Vidalon and Mathieu Rosemain PARIS (Reuters) – A trio of French businessmen readied on Thursday to make a new offer for debt-laden supermarket chain Casino after exclusive tie-up talks between Casino and smaller retail rival Teract collapsed. In a joint statement, telecoms billionaire Xavier Niel, investment banker Matthieu Pigasse and entrepreneur Moez-Alexandre Zouari…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares were subdued on Thursday as rate-sensitive technology shares and consumer staples slipped on expectations of further interest rate hikes by major central banks, while a sharp slide in Vodafone shares weighed on the telecoms sector. The pan-European STOXX 600 index was flat, with the rate-sensitive…
WASHINGTON (Reuters) – The International Monetary Fund on Thursday urged the U.S. Federal Reserve and other global central banks to “stay the course” on monetary policy and remain vigilant in combating inflation. IMF spokesperson Julie Kozack said inflation momentum has slowed in the United States, but remained a pressing concern. “If inflation does prove to…
By Jonathan Stempel NEW YORK (Reuters) -A U.S. appeals court on Thursday refused to reinstate a lawsuit by Amy Cooper, the white woman who became known as “Central Park Karen” after calling police on a Black bird-watcher, against the employer that fired her following the encounter. In a 3-0 decision, the 2nd U.S. Circuit Court…
NEW YORK (Reuters) -Goldman Sachs Group Inc. is planning for a period of sluggish growth and higher inflation, the bank’s president John Waldron said on Thursday, calling it “a mini-stagflation scenario.” There will be a tougher environment for capital markets and financing as CEOs remain cautious, Waldron told a Bloomberg conference on Thursday. “We’re planning…
