By Alvise Armellini ROME (Reuters) – Italy’s competition watchdog AGCM is trying to close a legal loophole that has allowed several companies to evade antitrust fines and may help Amazon in an ongoing appeal, a legal expert and two sources told Reuters. The European Commission is closely following the matter, which has potential implications for…
MEXICO CITY (Reuters) – Mexico’s migration institute (INM) on Wednesday said it will suspend operations at 33 migrant detention centers as the country’s rights watchdog completes a review of the sites in the wake of a fire that killed 40 migrants in government custody. The facilities, located nationwide, can house up to 1,300 people at…
By Ariba Shahid KARACHI, Pakistan (Reuters) -Point-of-sale transactions routed through Pakistan’s main digital payment systems fell by around 50% the day after former Prime Minister Imran Khan’s arrest ignited countrywide protests and prompted authorities to shut down mobile internet services, data showed on Thursday. The reason for the slump was primarily the mobile broadband suspension,…
By Philip Pullella VATICAN CITY (Reuters) – Pope Francis appealed to countries on Thursday to manage waves of migrants as best they can and to expand channels for their safe and regular movement, as the United States grapples with a surge of new arrivals at its southern border. Francis made his comments in his message…
GENEVA (Reuters) – The number of internally displaced people (IDPs) reached a record 71.1 million worldwide last year due to conflicts such as the war in Ukraine and climate calamities like the monsoon floods in Pakistan, according to data published on Thursday. The Geneva-based Internal Displacement Monitoring Centre (IDMC) said that figure represented a 20%…
A look at the day ahead in U.S. and global markets from Mike Dolan Investor relief that ongoing U.S. disinflation takes pressure off the Federal Reserve to resume its 14-month interest rate rise campaign remains tempered by debt ceiling anxiety. While economists argue back and forth about the runes of April’s U.S. consumer price report,…
By Foo Yun Chee, Martin Coulter and Supantha Mukherjee (Reuters) -European lawmakers came a step closer to passing new rules regulating artificial intelligence tools such as ChatGPT, following a crunch vote on Thursday where they agreed tougher draft legislation. The European Union’s highly anticipated AI Act looks set to be the world’s first comprehensive legislation…
OSLO (Reuters) -Norway’s centre-left government said on Thursday it plans to spend an extra 56 billion Norwegian crowns ($5.3 billion) from its sovereign wealth fund in 2023 to compensate for soaring inflation and pay for aid to Ukraine. Cash spending from the $1.4 trillion fund is now expected to reach 372.6 billion crowns this year,…
By Andrea Shalal NIIGATA, Japan (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday said many members of the Group of Seven advanced economies shared U.S. concerns about China’s use of “economic coercion” against other countries, and were considering how to counter such behavior. Yellen told a press conference that Washington had also long considered…
By Andrea Shalal NIIGATA, Japan (Reuters) – Brazilian Finance Minister Fernando Haddad expressed serious concerns on Thursday that Argentina’s economic challenges and a major drought there could affect the country’s “political destiny” and usher in an extremist government. “We are worried because this situation may affect the political destiny of Argentina,” Haddad told U.S. Treasury…
