By Andrew Gray and Niklas Pollard BRUSSELS (Reuters) -Sweden failed on Thursday to convince Turkey to lift its block on Stockholm’s path to NATO membership, and the issue will now go to a meeting of the Turkish and Swedish leaders next week. Speaking after talks with the Turkish and Swedish foreign ministers at the security…
By Howard Schneider WASHINGTON (Reuters) – New data from the New York Federal Reserve shows underlying inflation may have slowed faster than the headline measures that have kept U.S. central bank officials poised for further interest rate increases. In a research series that is now due for monthly release, the New York Fed’s so-called “multivariate…
(Reuters) -Ford Motor Co on Thursday followed rivals in reporting a rise in second-quarter U.S. auto sales, driven by easing supply chain snags and pent-up demand for personal transportation. The U.S. automaker’s quarterly sales rose about 10% to 531,662 vehicles, the company said. Automakers are rushing to make up for the lost production during the…
LONDON (Reuters) – Meta, the company behind social media giants Facebook and Instagram, has launched its new microblogging platform Threads. WHAT IS THREADS? The new app bears a striking resemblance to Twitter, allowing users to post text, images, or videos, as well as like, share, or repost content. Threads accounts are synched to Instagram at…
MILAN (Reuters) – Generali has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan’s Cathay Financial Holding, the Italian insurer said on Thursday. The deal, structured as an exchange of assets without a cash consideration, realises Generali CEO Philippe Donnet’s ambition of expanding into…
By Harry Robertson and Alun John LONDON (Reuters) -Germany’s two-year bond yield jumped to its highest level in 15 years on Thursday, rising back above the peak it hit in March before jitters in the banking system rocked global markets. The new milestone was reached during a sharp sell-off in bonds in the euro zone,…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. interest rate futures on Thursday saw an increased probability of another rate increase by the Federal Reserve in November after news private payrolls surged last month, suggesting a still tight and strong labor market. The benchmark fed funds futures factored in a 47% chance of a hike…
JERUSALEM (Reuters) – An Israeli court on Thursday acquitted a policeman who shot dead an autistic Palestinian in 2020, ruling that the victim was mistaken for a militant under circumstances arising from the “unique intensity” of trying to secure Jerusalem. Iyad al-Halaq, 32, was on his way to volunteer at a special needs school when…
By Julia Payne and Kate Abnett BRUSSELS (Reuters) -Last month was the hottest June globally on record, with abnormally high temperatures recorded on both land and sea, the European Union’s Copernicus Climate Change Service said on Thursday. Last month smashed through the previous temperature record for the month of June – which was in 2019…
By Jessie Pang and Joyce Zhou HONG KONG (Reuters) -Hong Kong’s legislature unanimously voted on Thursday to overhaul district-level elections by drastically reducing the number of directly elected seats, which critics said would further shrink democratic freedom in the Chinese-ruled city. Under the amendment, only 88 seats would be directly elected by the public, down…
