Fed’s Barkin: Inflation still too high, hopes recent data is ‘a sign’
(Reuters) – U.S. inflation remains too high, although recent readings showing price pressures have eased notably were welcome, Richmond Federal…
August 3, 2023
Cummins misses profit expectations on high manufacturing costs
(Reuters) – Engine maker Cummins reported a second-quarter profit on Thursday that missed analysts’ estimates, hurt by high manufacturing costs….
Burned-out car carrier arrived at Dutch port for salvage
AMSTERDAM (Reuters) -The car carrier that caught fire last week off the coast of the Netherlands has arrived at the…
Winners and losers likely as Switzerland absorbs Credit Suisse layoffs
ZURICH (Reuters) – Switzerland’s financial capital is bracing itself for the biggest wave of job losses in over a decade…
In Zimbabwe, a post-Mugabe economic revival remains elusive ahead of vote
By Nyasha Chingono HARARE (Reuters) – When Zimbabwe’s President Emmerson Mnangagwa came to power nearly six years ago after the…
Regeneron expects FDA decision on high-dose eye drug this year, shares jump
(Reuters) -Regeneron Pharmaceuticals expects a U.S. decision on a higher-dose version of its blockbuster eye disease drug Eylea in the…
US layoffs fall to lowest level in nearly a year
By Safiyah Riddle (Reuters) – American employers announced fewer layoffs in July than the year before, marking the first year-over-year…
India’s services growth at 13-year high in July on strong demand
By Shaloo Shrivastava BENGALURU (Reuters) – India’s dominant services sector expanded at its fastest pace in 13 years last month…
Sluggish return of business travelers forces US airlines to rejig their networks
By Rajesh Kumar Singh CHICAGO (Reuters) -U.S. airlines are enjoying strong leisure travel demand, but corporate travelers are still not…
Holiday travel boom here to stay, says Lufthansa
By Maria Sheahan BERLIN (Reuters) – The boom in holiday travel shows no signs of ending, German airline group Lufthansa…