By Amruta Khandekar, Shreyashi Sanyal and Shristi Achar A (Reuters) -European shares fell on Monday as Richemont led a slide among luxury firms on weaker-than-expected organic sales growth and as lacklustre economic growth in China raised concerns about demand from the world’s second-biggest economy. The pan-European STOXX 600 index closed 0.6% lower, with luxury giants…
By Akash Sriram (Reuters) – Investments in space startups stayed flat in the second quarter, a positive sign for a sector that faced a funding slump over the past few quarters due to the grim economic outlook, a report by venture capital firm Space Capital showed. The April-June period saw $6 billion in investments in…
By Blake Brittain (Reuters) – Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle batteries infringe two U.S. patents owned by a Tesla subsidiary. Tesla CEO Elon Musk pledged in 2014 not to “initiate patent lawsuits against anyone who, in good faith, wants to…
By Valerie Volcovici and David Stanway BEIJING (Reuters) -This week’s visit by U.S. climate envoy John Kerry to China after years of diplomatic disruptions could boost cooperation between the world’s two biggest greenhouse gas polluters on the key issue of methane emissions. Kerry arrived in Beijing on Sunday for talks aimed at reviving efforts by…
By Daphne Psaledakis and Anna Voitenko WASHINGTON/KYIV (Reuters) -U.S. aid chief Samantha Power on Monday announced more than $500 million in humanitarian assistance during a visit to Ukraine, where the United Nations says some 17 million people need help following Russia’s invasion. She made the aid announcement, first reported by Reuters, at the State Emergency…
By Sarah El Safty, Khalid Abdelaziz and Nafisa Eltahir CAIRO (Reuters) – A war between military factions in Sudan is putting at risk the production of staple crops this year, farmers in several states say, threatening to drive the African nation deeper into hunger and poverty. Reuters spoke to more than a dozen people including…
MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador on Monday urged Mexican-Americans not to vote for Texas Governor Greg Abbott in response to Texas putting a barrier of orange buoys in the Rio Grande to stop migrants crossing into the United States. Mexico’s incoming foreign minister, Alicia Barcena, said last week that the barrier…
By Niket Nishant (Reuters) -U.S. mortgage data vendor Black Knight will sell its Optimal Blue business for $700 million, shedding a second unit to soothe regulatory concerns over its proposed buyout by NYSE-owner Intercontinental Exchange. Canadian business software firm Constellation Software will buy the unit, provided ICE closes its takeover, the companies said on Monday,…
By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Monday the United States was making good progress in bringing inflation down and she did not expect the U.S. economy to enter into a recession. Yellen, speaking to Bloomberg TV from India during a meeting of Group of 20 finance officials, said slower…
MOSCOW (Reuters) – Inflationary expectations for the year ahead among Russian households climbed to 11.1% in July from 10.2% in June, the central bank said on Monday, just days before it is widely expected to raise its key interest rate from 7.5%. A Reuters poll on Monday suggested the Bank of Russia would hike rates…
