Lebanon economic crisis worsened by vested interests, IMF says
By Maya Gebeily BEIRUT (Reuters) -Lebanon’s financial crisis has been aggravated by vested interests resisting crucial reforms, the International Monetary…
Economy
Audi names Volkswagen strategy chief Doellner as new CEO
FRANKFURT (Reuters) -Volkswagen’s Audi named the German group’s strategy chief as its new CEO on Thursday, as the luxury carmaker…
Sri Lanka targets 30% haircut for international, domestic dollar bonds
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka is asking international bondholders to take a 30% haircut and is seeking similar…
H&M shares jump 17% as summer collection boosts profit
By Marie Mannes STOCKHOLM (Reuters) -Fashion retailer H&M’s shares jumped more than 17% on Thursday after its second-quarter profit beat…
White House’s Brainard sees ‘every reason’ to believe inflation going down
WASHINGTON (Reuters) – U.S. President Joe Biden’s chief economic adviser on Thursday expressed confidence that inflation would continue to improve…
Recession bets rise in Canada as sticky inflation points to higher rates
By Fergal Smith and Steve Scherer TORONTO (Reuters) – The Bank of Canada’s move to come off the sidelines after…
Apple seeks to fend off EU antitrust charge triggered by Spotify at hearing
By Foo Yun Chee BRUSSELS (Reuters) -Apple will on Friday seek to fend off a revised EU antitrust charge and…
Microsoft’s appeal of UK Activision veto to go ahead as planned
LONDON (Reuters) – Microsoft’s appeal against Britain’s veto of its $69 billion deal to buy Activision Blizzard will go ahead…
Energy crisis and inflation push more German firms into insolvency – study
(Reuters) – The number of German firms pushed into insolvency rose in the first half of this year at the…
US pending home sales fall to five-month low in May
WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes fell more than expected in May, dropping to the lowest…