By Mai Shams El-Din CAIRO (Reuters) – A Sudanese-Canadian citizen has been separated from an adopted sister and her children and is trying to help them secure safe passage out of Sudan where they have been stranded for over 10 weeks by the war between rival military factions. Sami Atabani said he hoped the Canadian…
MUMBAI (Reuters) – The Reserve Bank of India will likely start cutting the policy repo rate in early 2024 once headline inflation eases toward the 4% target, S&P Global Ratings said. “In India, under the assumption of normal monsoons, we expect headline consumer inflation to soften to 5% in fiscal 2024 from 6.7%,” the rating…
(Reuters) – Workers at Amazon’s warehouses in Germany’s eastern city of Leipzig started a 48-hour strike on Monday to press for higher wages, the country’s public sector union ver.di said. The workers want a collective labour agreement that includes a 2.5 euro ($2.73) per hour wage increase for a 12-month period, a 250-euro wage hike…
By Sofia Menchu and Diego Oré GUATEMALA CITY (Reuters) – Former first lady Sandra Torres will have to face a run-off in August in Guatemala’s presidential election after a vote on Sunday looked set to pit her against Bernardo Arevalo, another center-left candidate running on an anti-corruption platform. Early on Monday morning, in a press…
LONDON (Reuters) – British retail sales fell again in June as household finances were squeezed by the rising cost of living but stores expected sales volumes to stabilise next month, a survey showed on Monday. The Confederation of British Industry’s (CBI) monthly distributive trades index fell to -9 from -10 in May. Martin Sartorius, CBI…
(Reuters) – Texas’ power grid operator on Monday again projected electricity use would break records this week as homes and business cranked up air conditioning amid soaring temperatures. The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers representing about 90% of the state’s power load, forecast demand…
KYIV (Reuters) – Ukraine’s central bank could start cutting its key rate by one to two percentage points in coming months, notes from the central bank’s committee for monetary policy showed on Monday. The bank has kept its main rate unchanged at 25% since last summer, when it increased the rate to tame growing consumer…
By Lisa Richwine and Steve Gorman LOS ANGELES (Reuters) – Film and television directors voted overwhelmingly to ratify a new three-year labor contract with major Hollywood studios on Friday, averting a second work stoppage that would have added to upheaval caused by an ongoing writers’ strike. The Directors Guild of America (DGA) said 87% of…
(This June 23 story has been corrected to say analysts had suggested cases in California, not only the Goetz case, would have cost GSK ‘low hundreds of millions’ of dollars to settle, in paragraph 13) By Natalie Grover and Eva Mathews (Reuters) – GSK agreed to settle a U.S. lawsuit alleging its discontinued heartburn drug…
By Danilo Masoni and Lucy Raitano MILAN (Reuters) – The rapid adoption of generative artificial intelligence has boosted markets this year, but after the initial euphoria, investors are waking up to the possible risks, including the need to be highly selective in stock-picking. Businesses ranging from IT services and consulting to media, information and education…
