By Jefferson Kahinju and Thomas Mukoya NAIROBI (Reuters) -Protests in Kenyan cities against tax hikes and high living costs largely subsided on Thursday amid a heavy police presence, after several people were reported shot in clashes between security forces and demonstrators a day earlier. At least 300 people were arrested, including several senior opposition leaders,…
By Amna Karimi (Reuters) -U.S. railroad operator CSX Corp missed Wall Street estimates for second-quarter revenue on Thursday, hit by a decline in intermodal volumes and lower fuel prices. “We expect intermodal volumes to be soft as imports slowed and destocking activity continued,” Chief Executive Officer Joe Hinrichs said on a conference call. Shares of…
By Sophie Yu and Brenda Goh BEIJING (Reuters) – Every other Sunday, Beijing-based tennis coach Liu Zheng follows a routine: breakfast with her husband, a visit to a supermarket and then a drive later in the day to see her parents for a meal. The supermarket, however, is not one in her neighbourhood. Instead, she…
By Praveen Paramasivam and Aditya Kalra CHENNAI/NEW DELHI (Reuters) – Q: How does the world’s biggest pizza brand respond to high inflation in the world’s most populous nation? A: With the world’s cheapest Domino’s pizza. The 49-rupee ($0.60) pizza in India, Domino’s No.1 market outside America, is the tip of the spear in its fight…
(Reuters) -One-third of Americans endured severe weather on Thursday as a prolonged heat wave persisted in the South and Southwest, damaging thunderstorms hit the Central United States, and another round of heavy downpours threatened to trigger more flooding in rain-soaked parts of the East Coast. HEAT WAVE Some 110 million Americans are affected by an…
By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Aviation Administration and U.S. Transportation Department said on Thursday they expect teleworking government employees to boost in-person work, part of the Biden administration’s return-to-office efforts. The FAA said it expects agency employees who are regularly teleworking to be in offices at least three days per week….
By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 and Nasdaq fell on Thursday, weighed down by drops in Tesla and Netflix following their quarterly results, but the Dow advanced for a ninth straight day thanks to gains in Johnson & Johnson following a strong annual forecast. Tesla’s shares tumbled 9.74%, its biggest one-day…
By Shivansh Tiwary (Reuters) -Shares of American Airlines fell on Thursday as its outlook for the second half of the year disappointed investors even as the company lifted its full-year profit forecast and posted higher-than-expected quarterly earnings. American forecast adjusted profit of $3.00 to $3.75 per share for 2023 compared with its prior outlook of…
By David Shepardson WASHINGTON (Reuters) – Donald Trump on Thursday urged the United Auto Workers union to back his campaign, a day after the union’s president met with President Joe Biden after raising concerns about electric- vehicle policies. Trump, the former Republican president seeking a return to office in 2024, said Democrat Biden was “waging…
WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken will travel to Tonga, New Zealand and Australia next week to discuss regional security and cooperation and attend the FIFA Women’s World Cup, the State Department said on Thursday. Blinken plans to dedicate a new U.S. Embassy in Nukuʻalofa, Tonga, a Pacific island the United States considers…
