Fed headed for a pause, then rate cuts, traders bet
By Ann Saphir SAN FRANCISCO (Reuters) -A jump in jobless claims reported Thursday, along with weaker-than-expected wholesale price pressures, have…
Economy
Labor unions ask UN body to probe Starbucks’ use of legal loopholes
By Hilary Russ NEW YORK (Reuters) – Labor unions on Thursday asked a United Nations agency to investigate whether gaps…
Telecom Italia CEO says service business can stand on own two feet
MILAN (Reuters) – The head of Telecom Italia (TIM) said the company’s service business is “already sustainable” as a standalone…
US producer prices increase moderately in April
WASHINGTON (Reuters) – U.S. producer prices rebounded modestly in April, leading to the smallest annual increase in producer inflation in…
China says willing to work with U.S. on audit deal as challenges loom
By Xie Yu HONG KONG (Reuters) – China’s securities watchdog on Thursday said that it was willing to work with…
Sonos shares crash as forecast fails to strike a chord
(Reuters) – Sonos Inc was set to shed more than a fifth of its market valuation on Thursday after a…
Explainer-What’s at stake in Turkey’s landmark elections?
(Reuters) – Turkish President Tayyip Erdogan faces his toughest political challenge yet when the nation votes on Sunday, with the…
Italy wrestles with antitrust loophole that could save Amazon a packet
By Alvise Armellini ROME (Reuters) – Italy’s competition watchdog AGCM is trying to close a legal loophole that has allowed…
Telefonica first-quarter profit falls as cost pressures bite
MADRID (Reuters) -Spanish telecoms firm Telefonica disappointed the market on Thursday with a 58% drop in first-quarter net profit from…
Exclusive-Pakistan point-of-sale payments slump after protest violence
By Ariba Shahid KARACHI, Pakistan (Reuters) -Point-of-sale transactions routed through Pakistan’s main digital payment systems fell by around 50% the…