By Brenda Goh and Joe Cash SHANGHAI/BEIJING (Reuters) – A veritable parade of overseas CEOs including Tesla’s Elon Musk and Goldman Sachs’ David Solomon have made their way to a reopened China in the last few months. One notable common strand: they’ve not talked much in public about their trips which have mostly consisted of…
By Humeyra Pamuk and Aziz El Yaakoubi JEDDAH, Saudi Arabia (Reuters) -U.S. Secretary of State Antony Blinken had an “open, candid” conversation with Saudi Crown Prince Mohammed bin Salman in the early hours of Wednesday about a wide range of bilateral issues, a U.S. official said. The top U.S. diplomat arrived in Saudi Arabia late…
By Shreyashi Sanyal and Sruthi Shankar (Reuters) -European stocks slipped on Wednesday, dented by healthcare stocks and concerns about the outlook for interest rates in the euro zone, although a strong earnings update from Zara owner Inditex boosted retailers and Spanish shares. The pan-European STOXX 600 index fell 0.2%, with Wall Street also struggling for…
By M. Sriram and Aditya Kalra MUMBAI/NEW DELHI (Reuters) – Starbucks is revamping its strategy to lure Indians, including children, with smaller, cheaper beverages as it looks to expand in small towns amid a fierce challenge from domestic startups in one of its fastest-growing markets. Among the first foreign coffee brands to enter tea-loving India,…
By Nell Mackenzie and Chiara Elisei LONDON (Reuters) – Hedge fund Man Group Chief Executive Luke Ellis believes central banks have not tamed inflation and threats to the broader economy persist, he said on Wednesday. “The bigger picture is that central banks think they’ve done a lot but they haven’t really made much difference to…
By Kanishka Singh WASHINGTON (Reuters) – The United States on Wednesday announced a reward of up to $5 million for information that could lead to the arrest of Swedish national Maximilian Rivkin, who has been charged with involvement in drug trafficking and money laundering. The offer was announced by the U.S. State Department jointly with…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that if sustained, could result in trade being a drag on economic growth in the second quarter. The increase reported by the Commerce…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that if sustained, could result in trade being a drag on economic growth in the second quarter. The increase reported by the Commerce…
By Michael Martina and Kanishka Singh WASHINGTON (Reuters) -The United States will push back on China’s targeting of American companies such as memory chipmaker Micron Technology Inc, a campaign Washington considers politically motivated and unfair, U.S. Ambassador to China Nicholas Burns said on Wednesday. In May, China’s cyberspace regulator said Micron Technology would be barred…
(Reuters) -A Florida prosecutor and a defense attorney traded opening arguments on Wednesday at the trial of a former sheriff’s deputy accused of failing to protect students during the 2018 mass shooting at Parkland’s Marjory Stoneman Douglas High School. Scot Peterson was on duty as a school resource officer when a gunman entered a building…
