By Milounee Purohit BENGALURU (Reuters) – India’s retail inflation likely accelerated to 6.40% in July on surging food prices, breaching the upper end of the Reserve Bank of India’s 2%-6% tolerance band for the first time in five months, a Reuters poll of economists found. Food prices, which account for nearly half of the inflation…
By Nandita Bose TUSAYAN, Arizona (Reuters) -U.S. President Joe Biden curbed land development on a stretch of nearly 1 million acres (405,000 hectares) near Arizona’s iconic Grand Canyon on Tuesday, a move intended to cement his environmental credentials in the electoral battleground state. Biden used the Antiquities Act to designate the area as the Baaj…
By Jonathan Stempel NEW YORK (Reuters) – A federal judge in Manhattan said the British pop star Dua Lipa must face a lawsuit accusing her of copying her 2021 megahit “Levitating” from a 1979 disco song. U.S. District Judge Katherine Polk Failla on Tuesday said songwriters L. Russell Brown and Sandy Linzer could try to…
By Rachel Nostrant (Reuters) – The Mega Millions lottery jackpot grew to an estimated $1.55 billion on Tuesday after none of the millions of Americans who played the multistate lottery last week held the winning ticket in Friday’s drawing. If a lucky ticket is found during Tuesday’s drawing, the winner can choose between receiving the…
(Reuters) -Australia’s Suncorp Group on Wednesday posted a sharp jump in full-year cash earnings and said it expects an improvement in margins in the medium term from higher renewal premium rates in its insurance segment. The country’s second-biggest insurer by market value posted annual cash earnings of A$1.25 billion ($817.38 million), compared with A$673 million…
By Gabriel Araujo SAO PAULO (Reuters) – Brazil has the potential to become one of the major global players in sustainable aviation fuel (SAF), a Boeing executive said on Tuesday, as the sector attempts to meet its ambitious goal of reaching net-zero carbon emissions by 2050. The target agreed within the International Air Transport Association…
By Abhirup Roy and Akash Sriram (Reuters) – Rivian Automotive on Tuesday raised its full-year production forecast, and its chief executive said the electric vehicle maker has enough money to last it through 2025 as it keeps a lid on costs. Shares in Rivian, which initially rose nearly 3% after results were published, were up…
(Reuters) – Australia’s prudential regulator said on Wednesday Bendigo and Adelaide Bank no longer needs to keep an additional amount of cash reserve after the mid-sized lender took steps to rectify issues related to liquidity requirements. The Australian Prudential Regulation Authority (APRA) in 2020 had taken action against the bank for breaching prudential standard on…
By David Milliken LONDON (Reuters) – The Bank of England will not succeed in returning inflation to its 2% target before 2028 at the earliest, according to forecasts from a leading academic think-tank which warned the British economy was succumbing to stagnation. The National Institute of Economic and Social Research (NIESR) forecast inflation will fall…
By Yuvraj Malik (Reuters) -Lyft signaled on Tuesday it would double down on competitive pricing to catch up with larger rival Uber, taking the shine off its strong earnings forecast and sending the company’s shares down nearly 7% in extended trading. Under new CEO David Risher, Lyft has lowered ride fares and embarked on an…
