NAIROBI (Reuters) -Kenya’s opposition on Thursday called for a third day of demonstrations against tax hikes on July 19, after previous protests saw several of Kenya’s towns and cities witness violent and sometimes deadly stand-offs with police. Police shot at least two protesters dead in the capital Nairobi on Wednesday, officers said, as they sought…
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Thursday that first quarter global growth slightly outpaced projections in its April forecasts, but data since then has shown a mixed picture, with “pockets of resilience” alongside signs of slowing momentum. The IMF said in a briefing note for a G20 finance leaders meeting…
LOS ANGELES (Reuters) – Thousands of Hollywood film and television actors voted to strike on Thursday, joining writers who walked off the job 11 weeks ago. How will a walkout by the Screen Actors Guild and the American Federation of Television and Radio Artists (SAG-AFTRA) affect viewers’ favorite shows and movies? Which films and television…
By Sabrina Valle and Arunima Kumar HOUSTON (Reuters) -Exxon Mobil Corp on Thursday agreed to buy Denbury Inc for $4.9 billion to accelerate its energy transition business with an established carbon dioxide (CO2) sequestration operation. The acquisition, which sent both companies’ shares lower, gives Exxon ready-made CO2 transportation and highlights its bets on making carbon…
By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose over 1% on Thursday to their highest in nearly three months after U.S. inflation data suggested interest rates in the world’s biggest economy were close to their peak. Brent crude futures rose $1.25, or 1.6%, to settle at $81.36 per barrel. The session peak was…
By Jane Lanhee Lee and Eduardo Baptista (Reuters) – The sale of struggling Silicon Valley startup zGlue’s patents in 2021 was unremarkable except for one detail: The technology it owned, designed to cut the time and cost for making chips, showed up 13 months later in the patent portfolio of Chipuller, a startup in China’s…
By Chris Helgren VANCOUVER, British Columbia (Reuters) -Dock workers at ports along Canada’s Pacific coast and their employers accepted a tentative wage deal on Thursday, ending a 13-day strike that disrupted trade at the country’s busiest ports and risked worsening inflation. “The British Columbia Maritime Employers Association (BCMEA) and International Longshore and Warehouse Union (ILWU)…
(Reuters) -Elon Musk, the billionaire entrepreneur, launched his long-teased artificial intelligence startup xAI on Wednesday, unveiling a team comprised of engineers from the same big U.S. technology firms that he hopes to challenge in his bid to build an alternative to ChatGPT. The startup will be led by Musk, already the CEO of electric car…
By Camillus Eboh and Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria’s Senate on Thursday speedily approved a request by President Bola Tinubu to borrow $800 million from the World Bank to help cushion the impact of high fuel prices after ending a popular but costly petrol subsidy. Tinubu had requested the Senate’s consent earlier on Thursday for…
By Jennifer Rigby and Richa Naidu LONDON (Reuters) – (This June 29 story has been corrected to drop the reference to aspartame being removed from PepsiCo products in 2020, in paragraph 25. A PepsiCo spokesperson corrected an earlier statement from an outside company spokesperson) One of the world’s most common artificial sweeteners is set to…
