DUBLIN (Reuters) – Ireland’s domestic economy returned to growth in the first three months of the year after a shallow recession, data showed on Friday, and the finance minister said momentum was set to continue as the country hits full employment. Modified domestic demand, the preferred gauge of the Irish economy due to the distorting…
By Jonathan Cable LONDON (Reuters) – A crash in British home prices is unlikely but they will dip further this year than earlier thought as the cost of living crisis and rising borrowing costs take their toll on indebted buyers, a Reuters poll showed. As in much of the world, home prices soared during the…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is likely to continue to ease monetary policy, following a 250 basis points rate cut on Thursday, as it tries to boost economic growth and lower borrowing costs for the government in the crisis-hit economy. In a sign of confidence that the worst of Sri…
MEXICO CITY (Reuters) – Mexico has accepted a request from the United States to review an alleged denial of collective labor rights at U.S. tiremaker Goodyear’s plant in the central state of San Luis Potosi, the country’s economy and labor ministries said Thursday. An independent union had petitioned the U.S. government to open a case…
WASHINGTON (Reuters) -The House Oversight Committee’s Chairman James Comer opened a probe Thursday into U.S. Federal Trade Commission Chair Lina Khan’s management of the agency, citing complaints of abuse of power. Khan has angered companies and trade groups like the Chamber of Commerce by pushing the FTC, which enforces antitrust law and laws against deceptive…
(This June 1 story has been refiled to fix a tech glitch, with no changes to the text) By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Thursday dealt another setback to organized labor by making it easier for employers to sue over strikes that cause property destruction in a ruling siding with…
LONDON (Reuters) -Technology equity funds saw their biggest weekly inflows on record in the week to Wednesday, according to BofA Global Research data released on Friday, part of a surge of investor interest in artificial intelligence Tech stocks saw $8.5 billion of inflows in the week, BoFa said, citing market data provider EPFR. Stocks in…
WASHINGTON (Reuters) -President Joe Biden tripped and fell after handing out the last diploma at a graduation ceremony at the U.S. Air Force Academy in Colorado on Thursday, but got up quickly and walked back to his seat. The 80-year-old U.S. president fell forward, caught himself with his hands, then got up on one knee…
ZURICH (Reuters) – The Swiss National Bank is ready to tighten its monetary policy to combat inflationary pressure, which it sees spreading to other across the Swiss economy, Vice Chairman Martin Schlegel said on Friday. The SNB also stood ready to intervene in the currency markets as necessary to ensure its price stability goal of…
By Katie Paul NEW YORK (Reuters) – Meta Platforms CEO Mark Zuckerberg on Thursday revealed the company’s next generation mixed reality headset, the Quest 3, as the company braces for Apple to potentially reshape a nascent market that Meta has dominated so far. Priced starting at $499, the device will be 40% thinner than the…
