DUBAI (Reuters) -Qatar recorded a budget surplus of 19.7 billion Qatari riyals ($5.4 billion) in the first quarter of 2023, its state news agency said on Monday, citing the finance ministry. Total revenues for Q1 stood at 68.6 billion riyals, of which 63.4 billion were oil and gas revenues, the Qatar News Agency statement said,…
By David Lawder and Andy Sullivan WASHINGTON (Reuters) – Republicans and Democrats are touting a hastily-written debt ceiling deal that staves off a devastating U.S. default, but does little to slow a massive buildup of total federal debt now on pace to exceed $50 trillion in a decade. The deal’s first problem, budget experts say,…
(Reuters) – Spotify Technology SA said on Monday it would lay off 200 employees in its podcast division, representing about 2% of the audio streamer’s worldwide workforce. The company has resorted to aggressive expansion to supplement its earnings from music streaming with other revenue-generating formats such as podcasts, spending more than $1 billion on them…
TRIPOLI (Reuters) – Libyan leaders were due to meet in Morocco on Monday to finalise a deal on new electoral laws, but any agreement they announce on voting rules or a new interim government is likely to trigger opposition that may further delay the political process. House of Representatives (HoR) head Aguila Saleh and High…
By David Shepardson and Phil Stewart WASHINGTON (Reuters) -The United States scrambled F-16 fighter jets in a supersonic chase of a light aircraft with an unresponsive pilot that violated airspace around Washington D.C. and later crashed into the mountains of Virginia, officials said. No survivors were found at the crash site, Virginia state police said….
KYIV (Reuters) – Two armed groups, the Russian Volunteer Corps (RVC) and Freedom of Russia Legion, say they have carried out attacks in Russia’s western Belgorod region in recent weeks. Kyiv has denied any role and said the attackers are Russian citizens. Here is what we know about the groups. RUSSIAN VOLUNTEER CORPS The RVC…
(Reuters) – U.S. equity funds received their first weekly inflow in ten weeks in the week to May 31 on optimism that lawmakers would agree to raise the nation’s debt limit to avert a default. According to Refinitiv Lipper data, U.S. equity funds received a net $1.22 billion in their first weekly inflow since March…
(Reuters) – Morgan Stanley warns of a 16% drop in profit for S&P 500 companies this year, followed by a sharp rebound in 2024 when analysts say the Federal Reserve’s policy will become more accommodative. Strategists led by Michael Wilson said in a note on Monday that they expect earnings to rebound sharply, with a…
MILAN (Reuters) – Carmaker Stellantis and Belgian metals recycler Galloo have entered exclusive talks to create a joint venture focused on parts and material recycling from end-of-life vehicles, the two companies said on Monday. The preliminary deal is part of the carmaker’s strategy to expand its so-called “circular economy” business, which includes vehicle reconditioning and…
By Aditi Shah and Tim Hepher ISTANBUL (Reuters) -The United States is in a “business recession” but the consumer is “strong”, Scott Kirby, chief executive of United Airlines, the world’s largest carrier, told reporters at an aviation conference in Istanbul on Monday. This can be seen as leisure air travellers come back stronger and faster…
