By Will Dunham WASHINGTON (Reuters) – The peculiar wobble of a subatomic particle called a muon in a U.S. laboratory experiment is making scientists increasingly suspect they are missing something in their understanding of physics – perhaps some unknown particle or force. Researchers on Thursday announced new findings about the muon (pronounced MEW-on), a magnetic…
By Amruta Khandekar, Shristi Achar A and Shashwat Chauhan (Reuters) -European stocks climbed on Thursday after a modest rise in U.S. consumer prices fuelled hopes that the Federal Reserve was close to the end of its rate hikes, while the luxury sector got a boost from China easing travel restrictions. The pan-European STOXX 600 added…
LISBON (Reuters) – Portugal’s Novo Banco said its lawyers were studying a ruling by a Lisbon court that Venezuela claims unblocks around $1.5 billion in Venezuelan state assets being held by the bank. Venezuela’s government has decried sanctions imposed by the United States that have led to banks freezing the country’s assets overseas, as well…
By Adam Makary CAIRO (Reuters) – When war in Sudan’s capital forced Sarah al-Sharif and her family to flee, the 19-year-old information technology student left her books and computer behind. Now in Sennar, 30km (18 miles) southeast of Khartoum, she lacks a stable internet connection or passport to travel abroad and like many others sees…
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Thursday said that while recent inflation data is moving in the right direction, more progress is needed before she would feel comfortable the Fed has done enough. “Whether we raise another time, or hold rates steady for a longer period — those things are…
By Andrew MacAskill LONDON (Reuters) – China will temporarily pause plans to build a new embassy in London, in a move that may increase diplomatic tensions with Britain when both countries want to repair damaged relations, according to people with knowledge of the situation. Beijing will miss Thursday’s deadline to appeal against the local council’s…
By Phuong Nguyen HANOI (Reuters) -Vietnamese electric vehicle maker VinFast said it expects to start trading on the U.S. Nasdaq as soon as next week after its merger into a special purchase acquisition company (SPAC) was approved on Thursday. Shareholders of Hong Kong-based Black Spade Acquisition, a blank-check company, voted on Thursday to approve the…
By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials are in “uncharted waters” with no clear historical guide as they set monetary policy in an environment with inflation falling but no increase as yet in the unemployment rate, Richmond Fed staff said in a new research note analyzing a central bank rate cycle they deemed…
(Reuters) -Coach parent Tapestry said on Thursday it will buy Michael Kors owner Capri Holdings in a deal valued at $8.5 billion, creating a top U.S. fashion house that can better compete with larger European rivals. Here are some other major deals in the global luxury space in the past decade: Deal Details Company Date…
By Casey Hall and Yuvraj Malik (Reuters) -China’s Alibaba Group Holding reported its strongest quarterly revenue growth in almost two years on Thursday as its domestic e-commerce unit focuses on low-cost products to attract consumers amid a sober economic environment. The Chinese e-commerce giant posted first-quarter revenue of 234.16 billion yuan ($32.29 billion), up 14%…
