By Elisha Bala-Gbogbo and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s inflation rose for the sixth month in a row in June, to 22.79% year-on-year from 22.41% in May, putting pressure on the central bank to tighten policy further when it meets to set interest rates next week. Next week’s meeting will be the first since…
By Adnan Abidi and Gabrielle Fonseca Johnson NEW DELHI (Reuters) – People living near a river running through India’s capital began returning to their homes on Monday as floodwaters receded five days after the Yamuna overflowed into the city. The Yamuna River rose to its highest in 45 years last week following unusually heavy rainfall…
By Aniruddha Ghosh and Roshan Abraham (Reuters) -J.P.Morgan, Morgan Stanley and Citigroup trimmed China’s growth forecast for 2023 after the country’s economy grew at a weaker pace in the second quarter, with its post-COVID momentum unravelling rapidly. Data on Monday showed China’s economy grew 6.3% in the second quarter on a year-on-year basis, accelerating from…
By Dan Williams JERUSALEM (Reuters) – Israeli Prime Minister Benjamin Netanyahu pledged to crack down on Monday against threatened no-shows for military reserve duty by opponents of his judicial overhaul plan, saying such actions were anti-democratic and risked emboldening the country’s foes. With the religious-nationalist coalition set to ratify a key reform before parliament goes…
LONDON (Reuters) – Morgan Stanley revised down its China 2023 economic growth forecast by 0.7 percentage points to 5% on Monday after the country reported a “weak” second quarter GDP reading. Adding that government was also being slow to provide stimulus, Morgan Stanley’s analysts said: “Market scepticism on China’s growth outlook is on the rise”….
By Ross Kerber (Reuters) – The world’s top asset manager BlackRock said it will offer proxy voting choices to U.S. retail investors of its biggest exchange-traded fund, expanding a strategy that could blunt criticism of how the firm considers environmental, social and governance (ESG) matters. A representative for New York-based BlackRock said it plans to…
(This July 16 story has been corrected to fix David Sandalow’s quote to say ‘climate diplomacy,’ not ‘diplomacy,’ in paragraph 6) By Valerie Volcovici WASHINGTON (Reuters) – The United States and China will look to revive efforts to combat global warming this week, in bilateral meetings that observers hope will raise the bar on ambitions…
By Raphael Satter WASHINGTON (Reuters) -Microsoft said on Friday that Chinese hackers misappropriated one of its digital keys and used a flaw in the company’s code to steal emails from U.S. government agencies and other clients. The company said in a blog post that the hackers were able to use the key – which they…
(Reuters) – China’s economy grew at a frail pace in the second quarter, although the annual figure was flattered by base effects, data showed on Monday, with overall momentum faltering rapidly due to weakening demand at home and abroad. Gross domestic product (GDP) grew just 0.8% in April-June from the previous quarter, data released by…
FRANKFURT (Reuters) – The German economy may shrink by more this year than expected only a few weeks ago despite a small bounce in the second quarter, the Bundesbank said on Monday. Industry-heavy Germany is bearing the brunt of a drop in global demand for goods – the result of higher borrowing costs dampening investment…
