Analysis-Once booming Indian startups set for more pain as funding crunch worsens

By M. Sriram MUMBAI (Reuters) – A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. Startups in India raised just $2 billion in the first quarter of…

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Analysis-Europe’s strikes could spell more flights havoc into summer

By Joanna Plucinska LONDON (Reuters) – Strikes across Europe have led to a spike in flight cancellations, delays and driven down bookings to cities like Paris, data from travel firms show, despite efforts by airlines to avoid a repeat of last year’s disruptions. Flight cancellations and delays of over three hours in Europe were up…

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Khartoum’s fearful residents hunker down amid fierce street fighting

By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM/CAIRO (Reuters) -Residents in an affluent district of Khartoum feared there would be trouble when they found their new neighbour was a commander from a paramilitary force that protesters blamed for cracking down on them in the past. Those concerns proved well-founded this week when people were forced to…

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Chinese tourists are back, but numbers still far from pre-COVID levels

By Joe Cash and Pasit Kongkunakornkul BEIJING/BANGKOK (Reuters) – Bookings in China for trips abroad during the upcoming May Day holiday point to a continued recovery in travel to Asian countries, but the numbers remain far off pre-COVID levels with long-haul airfares soaring and not enough flights available. Overseas tour bookings for the upcoming holiday,…

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Brazil’s Lula condemns invasion of Ukraine, touts peace initiative

By Anthony Boadle BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva on Tuesday condemned the violation of Ukraine’s territorial integrity by Russia and again called for mediation to end the war, a peace initiative that was criticized by the Ukrainian government. Speaking at a lunch with Romanian President Klaus Iohannis, Lula said a group…

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