ECB raises rates to 22-year high, in no mood to pause
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank raised borrowing costs to their highest level in…
Business
Canada’s housing data shows recovery accelerating before rate hike
By Fergal Smith TORONTO (Reuters) – Canada’s housing market showed further signs of recovery in May following a yearlong slump,…
Italy reassessing GLAM scheme to handle state-guaranteed loans, sources say
By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy is reassessing how it plans to deal with billions of…
Russian officials seek to streamline budget spending, but disagree on tax hikes
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) – Faced with a $42 billion budget hole so far this year,…
Haiti made ‘significant progress’ on governance issues, says IMF
(Reuters) – Haiti has made “significant progress” on governance issues such as transparency, the International Monetary Fund (IMF) said on…
Tentative US West Coast port contract deal reached, union and employers say
By Lisa Baertlein and Kanjyik Ghosh (Reuters) -The Longshore union and employers of 22,000 dockworkers at U.S. West Coast ports…
French growth seen fragile through 2023, inflation slowing – INSEE
PARIS (Reuters) – The French economy will grow 0.1% in the second quarter of the year, the INSEE statistics agency…
Unilever to scoop up frozen yogurt brand Yasso
(Reuters) – Unilever said on Wednesday it is set to acquire frozen yogurt brand Yasso Holdings in North America, adding…
TikTok to invest billions of dollars in Southeast Asia to boost e-commerce business
By Stanley Widianto JAKARTA (Reuters) -Short video app TikTok, owned by China’s ByteDance, said on Thursday it would invest billions…
U.S. business inventories rebound in April
WASHINGTON (Reuters) – U.S. business inventories rebounded in April, boosted by stocks at manufacturers, suggesting that inventories could contribute to…