By Sofia Menchu and Diego Oré GUATEMALA CITY (Reuters) – Former first lady Sandra Torres will have to face a run-off in August in Guatemala’s presidential election after a vote on Sunday looked set to pit her against Bernardo Arevalo, another center-left candidate running on an anti-corruption platform. Early on Monday morning, in a press…
LONDON (Reuters) – British retail sales fell again in June as household finances were squeezed by the rising cost of living but stores expected sales volumes to stabilise next month, a survey showed on Monday. The Confederation of British Industry’s (CBI) monthly distributive trades index fell to -9 from -10 in May. Martin Sartorius, CBI…
(Reuters) – Texas’ power grid operator on Monday again projected electricity use would break records this week as homes and business cranked up air conditioning amid soaring temperatures. The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers representing about 90% of the state’s power load, forecast demand…
KYIV (Reuters) – Ukraine’s central bank could start cutting its key rate by one to two percentage points in coming months, notes from the central bank’s committee for monetary policy showed on Monday. The bank has kept its main rate unchanged at 25% since last summer, when it increased the rate to tame growing consumer…
MEXICO CITY (Reuters) – A stubborn surge of inflation has led central banks worldwide to adapt monetary policy to protect people and businesses from price increases, with many raising interest rates in step with the U.S. Federal Reserve. However, the central banks of major Latin American economies have been holding their rates even as those…
BERLIN (Reuters) – Recession in Germany is expected to end in the spring quarter, the Bundesbank said in its monthly report on Monday, adding that gross domestic product would “rise slightly” in the April to June period. “Private consumption should bottom out,” experts from the German central bank wrote in the report. “Thanks to strongly…
A look at the day ahead in U.S. and global markets from Mike Dolan. More perplexed by events than anything else, world markets stayed relatively calm on Monday after a dramatic Russian military mutiny at the weekend was uneasily quelled. Fractious geopolitics have been front of mind for global investors ever since the pandemic and…
By Paritosh Bansal (Reuters) -In the early 2000s, Maryann Bruce and other senior women executives at Wachovia bank formed an affinity group called the Women of Wachovia. Within three years, WOW went from having more than 100 women to far fewer as many left the bank. The bank, now part of Wells Fargo, had hired…
BEIJING (Reuters) – Chinese e-commerce giant JD.com plans to open retail grocery stores through the merger of its 7Fresh supermarket unit with other business lines such as its group-buying arm Pinpin, a company spokesperson said on Monday. Beyond opening actual stores, the new division will explore innovative retail models, the spokesperson told Reuters, confirming reports…
(Reuters) – Workers at Amazon’s warehouses in Germany’s eastern city of Leipzig started a 48-hour strike on Monday to press for higher wages, the country’s public sector union ver.di said. The workers want a collective labour agreement that includes a 2.5 euro ($2.73) per hour wage increase for a 12-month period, a 250-euro wage hike…
