By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) – Hungary’s annual inflation will slow to 7-8% by December from 20.1% in June, helping the economy rebound, Finance Minister Mihaly Varga told Reuters, adding that no further measures were needed to contain the budget deficit for now. Prime Minister Viktor Orban’s government is struggling with the…
By Howard Schneider WASHINGTON (Reuters) – Ford Motor’s announced price cut this week for the electric version of its F-150 truck was attributed to a number of factors, including competition among manufacturers, an oversupply of vehicles, and confusion about federal tax credits. But it also showed how a gradual return to pre-pandemic norms offers the…
By Matt McKnight and Jane Ross SEATTLE (Reuters) – As orcas have repeatedly rammed boats in waters off the Iberian Peninsula, experts who study the killer whales’ behavior on the other side of the world believe aggression is likely not to blame for the bumpings. Washington state’s Salish Sea and Puget Sound are home to…
A look at the day ahead in U.S. and global markets from Mike Dolan An overdue cold shower? July 20 (Reuters) – The first of the supercharged Big Tech firms to report in this earnings season – Tesla and Netflix – seemed to underwhelm markets overnight, cutting across the enthusiastic reception for big banks and…
By Marie Mannes STOCKHOLM (Reuters) -Sweden-based automaker Volvo Cars reported a 54% fall in second-quarter operating earnings on Thursday as the year-ago period’s profit was boosted by a one-off gain, and it forecast healthy demand for its vehicles despite pricing pressures. Volvo Cars, majority-owned by China’s Geely Holding, said earnings before interest and taxes (EBIT)…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s annual exports grew much-less than expected in June, highlighting weak Chinese and Western demand that continues to undercut the post-COVID recovery in the world’s third-biggest economy. The risk of a world recession amid monetary policy tightening since last year has cast a pall over export-led economies, with many countries…
By Sarah Wu and Yimou Lee TAIPEI (Reuters) -Taiwanese chipmaker TSMC forecast a drop of around 10% in 2023 sales on Thursday and flagged investment spending at the low end of estimates as global economic woes dent demand for chips used in everything from cars to cellphones. The world’s largest contract chipmaker said that high…
By Valerie Volcovici and David Stanway BEIJING (Reuters) – U.S. climate envoy John Kerry said more work was needed this year to reach agreements with China on major climate issues, after three days of talks in Beijing to rebuild trust between the world’s two biggest carbon polluters. The two sides agreed climate change was urgent…
By Corina Pons MADRID (Reuters) – Zara owner Inditex said on Thursday it had reached an initial agreement to transfer the operation of its stores in Argentina and Uruguay to Regency Group, which already runs other parts of its Latin American network. The 15 Zara stores in the two countries, where Inditex has been operating…
BEIJING (Reuters) – China’s exports to North Korea fell 6.6% last month versus May, customs data shows, though they remained eight times higher than in June 2022 when the secretive state was reporting tens of thousands of COVID-19 cases per day and had shut its border. The data set is erratic, with exports often increasing…
