By John Kruzel WASHINGTON (Reuters) – In its decision permitting an evangelical Christian web designer to refuse service for same-sex weddings, the U.S. Supreme Court again embraced an expansive view of religious interests at the expense of protections for LGBT people. In a 6-3 ruling on Friday powered by its conservative majority, the court backed…
BEIJING (Reuters) – China’s factory activity growth slowed in June, a private sector survey showed on Monday, with sentiment waning and recruitment cooling as firms grew increasingly concerned about sluggish market conditions. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) eased to 50.5 in June from 50.9 in May, indicating a marginal expansion in activity….
By Andrew Osborn LONDON (Reuters) – Dmitry Medvedev, Russia’s former president, has warned that Moscow’s confrontation with the West will last decades and that its conflict with Ukraine could become permanent. Medvedev, once seen in the West as a liberal moderniser, has emerged as one of Russia’s most outspoken hawks since Moscow launched what it…
By Andy Bruce LONDON (Reuters) – The pace of decline in Britain’s manufacturing sector steepened in June and optimism faded despite weakening price pressures, a survey showed on Monday. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell to 46.5 from 47.1 in May, its lowest reading this year and one of the weakest…
(Corrects attribution in paragraph 5 to Zip’s ANZ CEO from Director for investor relations) (Reuters) -Australian buy-now-pay-later firm Zip Co is further streamlining its operations and cost base following a recent review, a company official told Reuters on Monday. The move comes as sector grapples with increased regulatory scrutiny and falling valuations amid reduced customer…
TOKYO (Reuters) -Japan’s government raked in record tax income last fiscal year, the finance ministry said on Monday, which could help Prime Minister Fumio Kishida’s ruling party forego the politically unpopular tax hikes needed to boost defence spending. Government accounts showed Japan raised 71.1 trillion yen ($491.53 billion) in tax for the fiscal year that…
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to Beijing from July 6-9 for meetings with senior Chinese officials on a broad range of issues, including U.S. concerns about a new Chinese counterespionage law, a senior Treasury official said on Sunday. Yellen’s long-anticipated trip is part of a push by…
(Reuters) -UBS Group AG is aiming to avoid using a $10 billion backstop for Credit Suisse amid a backlash, the Financial Times reported on Sunday. UBS executives are hoping to announce that the bank will not call on the government backstop when it publishes its second-quarter results on Aug. 31, the report added. UBS declined…
LONDON (Reuters) – Euro zone manufacturing activity contracted faster than initially thought in June as persistent policy tightening by the European Central Bank squeezed finances, according to a survey which painted an increasingly gloomy outlook for industry. The downturn was broad-based with surveys published earlier on Monday showing factory activity in all four of the…
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in more than three years in June, with both output and new orders falling, a survey showed on Monday. The HCOB final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, fell to 40.6 from 43.2 in May,…
