By Daphne Psaledakis WASHINGTON (Reuters) – The U.S. State Department is in touch with hundreds of Americans in Niger, a senior State Department official said on Thursday, amid growing fears of conflict after military officers seized power last week. The United States ordered the evacuation of some staff and families from its embassy in Niger…
By Andrea Shalal (Reuters) -The United States remains confident that the Group of Seven’s price cap on Russian oil is working to squeeze Moscow’s revenues and stabilize energy markets despite a recent upturn in prices, a senior U.S. Treasury official said on Thursday. Acting Assistant Secretary for Economic Policy Eric Van Nostrand hailed the price…
By Lananh Nguyen NEW YORK (Reuters) – Paco Ybarra, the CEO of Citigroup’s institutional clients group, will leave in the first half of next year, according to an internal memo seen by Reuters. The 36-year Citi veteran leads the Wall Street firm’s banking, markets and services businesses. He helped to establish it as a “powerhouse…
By Doyinsola Oladipo and Granth Vanaik NEW YORK (Reuters) – Cruise vacations in the past year have emerged as a popular option among consumers in search of cheaper ways to travel, but U.S. cruise companies are signaling that itineraries will get costlier in the coming months. After discounting aggressively following years of COVID-era testing requirements…
By Krystal Hu (Reuters) – Specialized cloud provider CoreWeave has raised $2.3 billion in a debt facility led by Magnetar Capital and Blackstone and collateralized by Nvidia chips, with the funds to be used to expand to meet rising AI workload, the company said on Thursday. Other lenders in the facility include Coatue and DigitalBridge,…
OTTAWA (Reuters) – Forest fires in Canada this year have released 290 million tonnes of carbon, doubling a previous annual record, and emissions are set to rise as hundreds of flames remain active across the country, according to the EU’s Copernicus Atmospheric Monitoring Service. The estimated Canadian fires emissions account for over 25% of the…
By David Milliken, Andy Bruce and Suban Abdulla LONDON (Reuters) – The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday, its 14th back-to-back increase, and warned that borrowing costs were likely to stay high for some time. While the U.S….
By Thando Hlophe JOHANNESBURG (Reuters) – Bongumusa Manana, a 19-year-old deaf student who studies in a township in Johannesburg, sees South Africa’s move to recognise sign as an official language as a huge breakthrough that will help him to get to university and make his “dreams come true”. President Cyril Ramaphosa signed legislation into law…
By Helen Reid LONDON (Reuters) – Adidas delivered further signs that its turnaround is gathering pace on Thursday as the sportswear giant seeks to shift focus onto its strategy and away from its sell-down of remaining Yeezy shoes. Adidas shares have gained 40% since the start of the year as investors bet on CEO Bjorn…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose slightly last week, while layoffs dropped to an 11-month low in July as labor market conditions remain tight. The labor market has largely weathered 525 basis points in interest rate hikes from the Federal Reserve since March 2022,…
