By Jack Queen (Reuters) – The eye-popping $787.5 million settlement Fox made to resolve the Dominion Voting Systems defamation lawsuit left unanswered one of the biggest questions in the case: was the Denver-based voting-technology company owed as much as it claimed? Dominion in its lawsuit said Fox News and parent company Fox Corp ruined its…
By Uditha Jayasinghe (Reuters) -Sri Lanka’s National Consumer Price Index (NCPI) eased to 49.2% year-on-year in March, after a 53.6% rise in February, the statistics department said on Friday. Food inflation eased to 42.3% in March from 49% in February, while non-food inflation was at 54.9%, the Department of Census and Statistics said in a…
WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy has floated a plan that would pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the U.S. debt ceiling. His proposal does not include some of the more dramatic fiscal ideas floated by Republicans who control the House. Here are some possibilities…
HELSINKI (Reuters) – The European Central Bank should maintain a tightening monetary policy that restricts demand, Finnish central bank Governor Olli Rehn said in a speech on Friday. “In monetary policy, we have moved into an area that restricts aggregate demand, and there is no reason for us to abandon it or exit it prematurely,”…
OSLO (Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s largest investors, on Friday posted a 5.9% return on investment for the first quarter boosted by rising equity markets. “It’s actually one of the strongest quarters we ever had,” Deputy CEO Trond Grande said in a video posted on LinkedIn. Despite market turmoil…
(Reuters) – The Mexican parliament’s lower house voted to press ahead with the proposed overhaul of the country’s mining laws which include shortening concessions, tightening water permits and giving back some profits, moves criticized by industry leaders. Mexico is the world’s top silver producer and one of the largest producers of copper and gold. Since…
PARIS (Reuters) – French police is allowed from Friday to use drones equipped with cameras for a wide range of tasks including crowd monitoring and border control, following the publication of a decree in the Official Journal on Thursday. This comes just over a year before the Paris 2024 Olympics and at a time when…
By Hyonhee Shin SEOUL (Reuters) -North Korea’s position as a nuclear weapons state will remain an undeniable reality as it builds up its forces until military threats from the United States and its allies are eliminated, state news agency KCNA said on Friday. It was quoting comments by North Korean Foreign Minister Choe Son Hui…
ROME (Reuters) – Italy is ready to consider ratifying the reform of the euro zone’s bailout fund (ESM) for countries and banks cut off from markets “if it is transformed into a growth instrument”, Prime Minister Giorgia Meloni was quoted as saying on Friday. Under the reform agreed at the EU level in 2021 but…
WASHINGTON/MANILA (Reuters) – U.S. President Joe Biden will meet his Philippine counterpart Ferdinand Marcos Jr at the White House on May 1 to discuss economic cooperation and the Indo-Pacific region, Manila and Washington said on Friday. The treaty allies have enjoyed warmer ties since Marcos took office last June, reversing his predecessor’s anti-U.S. stance. Next…
