By Brendan O’Boyle MEXICO CITY (Reuters) – Mexican authorities on Sunday said they intercepted over 500 migrants in two days in the eastern state of Veracruz as authorities crack down on the transportation of migrants toward the United States in unsafe conditions. Authorities found 206 migrants abandoned in a tractor-trailer on Saturday in the town…
By Samrhitha A (Reuters) – Netflix investors will assess risks from the ongoing strike in Hollywood when the company reports quarterly results on Wednesday, but analysts said it was well positioned due to its solid pipeline of shows and international production crew. Striking Hollywood actors have joined film and television writers on picket lines, forcing…
ZURICH (Reuters) – A Swiss investors’ association is planning to file a lawsuit seeking compensation for former Credit Suisse shareholders, the latest legal action triggered by the bank’s emergency takeover by its cross-town rival UBS. “Due to the large number of inquiries, the Swiss Association for the Protection of Investors (SASV) has decided to coordinate…
HONG KONG (Reuters) – Embattled property developer China Evergrande Group on Monday published its long delayed results for fiscal 2021 and 2022, posting significant losses and big drops in revenue. The world’s most indebted property developer reported a net loss of 476 billion yuan ($66.36 billion) and 105.9 billion yuan ($14.76 billion) for 2021 and…
By Orathai Sriring and Panarat Thepgumpanat BANGKOK (Reuters) -An eight-party alliance seeking to form Thailand’s next government reaffirmed its backing for Pita Limjaroenrat to become prime minister, Pita said on Monday, despite his defeat last week in a parliamentary vote. Pita, leader of the progressive Move Forward party – the surprise winner of a May…
By Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s central bank is expected to raise its policy rate by 500 basis points to 20% this week, a Reuters poll showed on Monday, making good on its pledge of further tightening with another sharp hike to curb inflation which is set to rise again. The central bank raised…
By Shivangi Acharya and Sarita Chaganti Singh GANDHINAGAR, India (Reuters) – The failure of the G20 to achieve a breakthrough on debt restructuring for vulnerable countries is a “grave concern”, the head of a United Nations agency said on Monday as the body seeks pauses in debt repayment for poor nations amid rising poverty. The…
MUMBAI (Reuters) – India will need to grow at a rate of 7.6% annually for the next 25 years to become a developed nation, according to a research paper published by the central bank in its monthly bulletin on Monday. India’s per capita income is currently estimated at $2,500, while it must be more than…
By Swati Bhat and Siddhi Nayak MUMBAI (Reuters) – Food price spikes in India, typical at the onset of the monsoon, drove up headline inflation in June, corroborating the monetary policy committee’s (MPC) view that the fight against inflation is far from over, the Reserve Bank of India said on Monday. “Monetary policy has to…
FRANKFURT (Reuters) – Germany’s top union IG Metall on Monday called for Tesla to improve staffing conditions at its German gigafactory as it prepares to expand, with the carmaker due to publish its expansion plans for feedback from the community later this week. Tesla’s application to double the capacity of its Gruenheide site to 1…
