By Laura Sanicola (Reuters) -Oil prices settled higher on Friday but posted their fourth straight quarterly loss as investors worried that sluggish global economic activity could crimp fuel demand. Benchmark Brent crude futures for August delivery which expires on Friday, settled up 56 cents, or 0.8%, at $74.90. In the three months to the end…
(Reuters) – General Motors said on Friday it had acquired Algolion Ltd, an Israel-based software startup that helps detect problems in batteries. GM said Algolion’s software will help the Detroit automaker bring to the market a “cost-effective” early hazard detection system at a quicker pace. The deal, for an undisclosed sum, comes at a time…
By Rodrigo Campos and Marc Jones NEW YORK/LONDON (Reuters) – From BlackRock to JPMorgan, some of the world’s top investors are upbeat on emerging markets for the second half of the year on the prospect of falling interest rates, while signs of progress in tricky debt talks are set to buoy frontier markets. Positive headlines…
MALAKASA/KALAMATA, Greece (Reuters) – Survivors of a boat disaster that likely killed hundreds of migrants near Greece have given accounts of traffickers in North Africa cramming them into a clapped-out fishing trawler. They recounted hellish conditions above and below deck, with no food or water. Some also said the tragic end, when it came, was…
STOCKHOLM (Reuters) – Sweden’s prime minister said on Friday his Hungarian counterpart had assured him that Budapest would not delay the Nordic country’s NATO accession, following reports that Hungary’s parliament would delay a ratification of the membership. Sweden applied last year to join NATO following Russia’s invasion of Ukraine but Turkey and Hungary have so…
By Arshad Mohammed and Humeyra Pamuk (Reuters) -U.S. Special Envoy for Iran Robert Malley said on Thursday his security clearance is under review, saying that he expects the investigation to end “favorably and soon” and in the meantime he was on leave. “I have been informed that my security clearance is under review. I have…
(Reuters) -The abortive mutiny by Russia’s Wagner group last week calls into question the fate of the group’s wide network of military and commercial operations across Europe, the Middle East and Africa. This factbox shows what Wagner is doing and where. UKRAINE Wagner deployed in Ukraine soon after the invasion began early last year and…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled higher on Thursday after flip flopping during the session, supported by a bigger draw than expected in U.S. crude inventories but pressured by fears that rising interest rates could dent global economic growth. Brent crude futures rose 31 cents, or 0.4%, to $74.34 a barrel. U.S. West…
By Maya Gebeily BEIRUT (Reuters) -Lebanon’s financial crisis has been aggravated by vested interests resisting crucial reforms, the International Monetary Fund (IMF) said on Thursday, warning that no action could lead the country “down an unpredictable road”. The nearly four-year economic meltdown has cost the local currency roughly 98% of its value, seen GDP contract…
By Rami Ayyub WASHINGTON (Reuters) -U.S. lawmakers on Thursday invited Israel’s president to address a joint meeting of Congress on July 19, a top honor aimed at celebrating Israel’s 75th birthday even as tensions rise with Prime Minister Benjamin Netanyahu’s right-wing government. Isaac Herzog’s address will be the first by an Israeli president, a largely…
