By Lisa Baertlein LOS ANGELES (Reuters) -Amazon.com is offering U.S. customers $10 to pick up a purchase rather than have it shipped to a home address, as the e-commerce giant joins other retailers in racing to slash costs for home delivery and returns amid slack consumer demand. Amazon said the promotion is not a cost-cutting…
By Marc Jones and Rodrigo Campos LONDON/NEW YORK (Reuters) – Ecuador sealed the world’s largest “debt-for-nature” swap on record on Tuesday, selling a new “blue bond” that will funnel at least $12 million a year into conservation of the Galapagos Islands, one of the world’s most precious ecosystems. Having bought back roughly $1.6 billion of…
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -A gauge of global equities fell on Tuesday as investors grew cautious ahead of key data on U.S. consumer prices, while the impasse over the U.S. debt ceiling sparked a sharp sell-off in short-dated Treasury bills. Disappointing forecasts from companies such as PayPal and Apple supplier…
By Laura Matthews NEW YORK (Reuters) – The dollar edged up against most major peers on Tuesday as traders, seeing no immediate breakthroughs on the U.S. debt-ceiling talks, look to new inflation data for a clearer picture of the economic outlook and the Federal Reserve’s likely rate-hiking path. The dollar index, which measures the currency…
By Michael S. Derby NEW YORK (Reuters) – New York Federal Reserve President John Williams said on Tuesday it is too soon to say whether the U.S. central bank is done raising interest rates, arguing that if more action is needed policymakers won’t hold back. “We haven’t said we are done raising rates” and Fed…
(Reuters) -Media company Paramount Global, looking to reduce costs as it merges its Showtime and MTV networks, is letting go about 25% of the staff in its domestic cable networks, Bloomberg News reported on Tuesday. Employees are being notified Tuesday, according to the report. Paramount is combining nine separate teams into one and among the…
By Foo Yun Chee BRUSSELS (Reuters) – Amazon, Alphabet’s Google, Microsoft and other non-European Union cloud service providers looking to secure an EU cybersecurity label to handle sensitive data can only do so via a joint venture with an EU-based company, according to an EU draft document seen by Reuters. U.S. tech giants and others…
By Jonathan Stempel (Reuters) – Here is a timeline of writer E. Jean Carroll’s lawsuit against Donald Trump that culminated on Tuesday with jurors finding that he sexually abused and defamed her and awarding her $5 million in damages. June 2019 – E. Jean Carroll publishes an excerpt from her memoir, “What Do We Need…
(Reuters) – Russia fired cruise missiles at Kyiv and paraded troops across Red Square for its annual celebration of victory in World War Two, pared back amid shortages of manpower and weaponry at the front after a failed winter campaign in Ukraine. SYMBOLIC DAY * President Vladimir Putin said Russians were united in a “sacred”…
BRASILIA (Reuters) -Brazil’s executive secretary of the Finance Ministry, Gabriel Galipolo – who is due to be nominated for a key role at the country’s central bank – said on Tuesday he has good relations with central bank Governor Roberto Campos Neto but does not always agree with him. Speaking to reporters, Galipolo also said…
