Berlusconi leaves control of business empire to two eldest children
By Elvira Pollina MILAN (Reuters) – Silvio Berlusconi’s eldest children Marina and Pier Silvio will together control the business empire…
Economy
Pentagon has strategic germanium stockpile but no gallium reserves
WASHINGTON (Reuters) – The Pentagon holds a strategic U.S. stockpile for germanium but currently has no inventory reserves for gallium,…
Surprise Canada May trade deficit points toward slowing economy
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada recorded a surprise trade deficit in May, a sign economic…
Fed’s Logan says more rate hikes needed amid unexpected economic strength
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Dallas President Lorie Logan said Thursday that there was…
Argentina to hold interest rate at 97% as raging inflation eases – bank sources
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is set to hold its benchmark interest rate steady at…
U.S. job openings fall in May, still elevated
WASHINGTON (Reuters) – U.S. job openings dropped in May, but remained at higher levels, indicating that labor market conditions were…
India’s state-run banks confident of withstanding macro shocks – govt
NEW DELHI (Reuters) -India’s state-run banks are confident of withstanding any macroeconomic shocks and expect their outlook to improve, despite…
US layoffs fall to seven-month low in June, report says
By Safiyah Riddle (Reuters) – American employers slowed downsizing in June, announcing the lowest number of layoffs since October 2022….
US layoffs halve in June as tech job cuts ease – report
(Reuters) – Layoffs in the United States nearly halved in June from a month earlier as job cuts in the…
U.S. service sector picks up in June; inflation gradually slowing – ISM survey
WASHINGTON (Reuters) – The U.S. services sector grew faster than expected in June as new orders picked up, but a…