By Maria Martinez BERLIN (Reuters) -German inflation rose more than expected in June, interrupting a steady decline since the start of the year in what analysts say was just a blip. German consumer prices, harmonised to compare with other European Union countries, rose by a higher-than-anticipated 6.8% on the year in June, preliminary data from…
By Tom Hals WILMINGTON, Delaware (Reuters) – A prominent U.S. lawsuit to ban the abortion pill mifepristone has focused on the drug’s safety and approval process. But the outcome may ultimately rest on a different issue: whether Ingrid Skop, an anti-abortion doctor in Texas, and other physicians behind the lawsuit can justify suing in the…
By Joe Cash BEIJING (Reuters) – The value of Chinese debt relief decreased by over 50% between 2021 and 2022, a report from Rhodium Group showed, with Angola alone receiving two thirds of deferrals despite China backing multilateral efforts to standardise support for poor countries. As the world’s largest bilateral creditor, China is central to…
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Thursday the country’s inflation targets were excessively rigid and renewed criticism of the central bank for high interest rates ahead of a meeting that will set its 2026 inflation goals. Lula’s remarks came as financial markets closely watch the National Monetary Council’s…
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to continued labor market strength. Initial claims for state unemployment benefits dropped 26,000 to a seasonally adjusted 239,000 for the week ended June 25, the Labor Department said on Thursday. Economists polled by Reuters had forecast 265,000…
FRANKFURT (Reuters) – German regulators have told Binance they will not grant it a cryptocurrency custody licence, a person with direct knowledge of the matter said on Thursday, the latest in a string of setbacks for the world’s biggest cryptocurrency exchange. Binance has come under pressure from regulators around the world. The U.S. Securities and…
STOCKHOLM (Reuters) – H&M plans to sell more third-party brands online and in stores, CEO Helena Helmersson said on Thursday, as one of the world’s top fashion retailers ramps up its effort to take on e-commerce rivals. Shoppers can already buy sneakers from brands including Adidas and New Balance, and clothes brands like Swedish mountaineering…
By Duncan Miriri and Marc Jones NAIROBI/LONDON (Reuters) – As Pakistan spiralled into crisis this year, Wilson Muthaura pressed its government to put the tea Kenya’s KTDA co-operative produces 3,400 miles away on a list of essentials that would grant importers access to precious U.S. dollars. His urgent lobbying reflects anxiety about a scarcity of…
(Reuters) – Army General Sergei Surovikin, nicknamed “General Armageddon” by the Russian media for his reputed ruthlessness, is among senior generals who have disappeared from public view since Saturday’s failed mutiny aimed at toppling the top brass. The burly, shaven-headed 56-year-old was last seen on Saturday when he appeared in a video, looking uncomfortable and…
BEIJING (Reuters) – China plans to take measures to promote household consumption, state media reported on Thursday, citing discussions at a cabinet meeting chaired by Premier Li Qiang, amid concerns about a stuttering post-COVID economic recovery. The meeting came as growth in the world’s second-largest economy has slowed in recent months after coming back to…
