Cool US May CPI rise supports Fed pause argument
NEW YORK (Reuters) – U.S. consumer prices rose moderately in May, leading to the smallest annual increase in inflation in…
Economy
Factbox-Analysts bet bumper Turkish rate hikes on the way
LONDON (Reuters) – Analysts at leading investment banks expect Turkey’s new economic chiefs to start ramping up interest rates next…
BoC to raise rates once more by 25 bps in July to 5.00%: Reuters poll
By Milounee Purohit BENGALURU (Reuters) – The Bank of Canada will raise interest rates again in July to 5.00% after…
Egypt to allocate $4.1 billion for food subsidies in 2023/24 – document
By Nayera Abdallah and Nadine Awadalla CAIRO (Reuters) – Egypt is allocating 127.7 billion Egyptian pounds ($4.14 billion) for its…
China cuts short-term borrowing costs to support recovery
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s central bank lowered a short-term lending rate for the first…
Accenture looks to power AI efforts with $3 billion investment
(Reuters) – Accenture said on Tuesday it will invest $3 billion over three years into its data and AI practice,…
Why finding a camp for your kid is this summer’s madness
By Chris Taylor NEW YORK (Reuters) – For American kids, summer camps can conjure up some idyllic experiences: Canoeing on…
Exclusive-Pakistan paid in Chinese currency for discounted Russian oil – minister
By Ariba Shahid and Asif Shahzad ISLAMABAD (Reuters) -Pakistan paid for its first government-to-government import of discounted Russian crude oil…
IKEA bets on remote interior design as AI changes sales strategy
By Helen Reid LONDON (Reuters) – IKEA is training call centre workers to become interior design advisers as the Swedish…
China’s May new loans miss forecasts, more stimulus likely
By Judy Hua and Kevin Yao BEIJING (Reuters) – China’s new bank loans picked up in May from the previous…