By Idrees Ali and Phil Stewart WASHINGTON (Reuters) -Ukraine’s counter-offensive against Russia is far from a failure, but the fight ahead will be long and bloody, the top U.S. general said on Tuesday, even as casualties on both sides mount and the front lines have moved only incrementally. The United States and other allies have…
MANILA (Reuters) – Developing Asia is on track to grow faster in 2023 from a year earlier as strong consumption and investment offset the impact of weak global demand, the Asian Development Bank (ADB) said on Wednesday. In an update to its regional economic outlook, the ADB kept its 2023 growth forecast for developing Asia…
By Melanie Burton and Navya Mittal MELBOURNE (Reuters) – Rio Tinto flagged concerns about a global economic slowdown on Wednesday as it logged a raft of production issues across its operations but said its iron ore production should be at the upper end of its expectations for the year. Prices of iron ore, from which…
By Brendan Pierson (Reuters) -Johnson & Johnson’s must pay $18.8 million to a California man who said he developed cancer from exposure to its baby powder, a jury decided on Tuesday, a setback for the company as it seeks to settle thousands of similar cases over its talc-based products in U.S. bankruptcy court. The jury…
By Rachel Nostrant (Reuters) – Nevada police have searched a house outside of Las Vegas in connection with the 1996 killing of hip-hop star Tupac Shakur, who was shot to death in the city nearly three decades ago, the Las Vegas Metropolitan Police Department said on Tuesday. No additional information regarding who owned the house…
By Joseph Ax (Reuters) – Illinois’ top court on Tuesday upheld a 2021 state law that eliminated cash bail and ordered that it take effect in September, clearing the way for the state to implement one of the most sweeping bail reforms in the nation. The law, passed by the Democratic-controlled legislature and signed by…
By Safiyah Riddle (Reuters) – Applications to start new U.S. businesses surged to the highest level in two years in June, despite high interest rates and uncertain economic outlook, according to a Commerce Department report released on Monday. Business applications increased 6.2% in June compared with May with a seasonally adjusted 465,906 new applications. Filings…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s consumer inflation came in slightly above expectations in the second quarter, driving swap rates higher as the market pushed out expectations for when the central bank might start cutting the cash rate. Consumer prices rose 6.0% year-on-year in the second quarter, slower than the 6.7% increase in…
By Andrew Goudsward and Jacqueline Thomsen (Reuters) – The U.S. Senate on Tuesday confirmed an Ohio public interest lawyer as President Joe Biden’s latest nominee to the 6th U.S. Circuit Court of Appeals in a vote that was largely along party lines. Rachel Bloomekatz was approved by a vote of 50-48 to the Cincinnati-based appeals…
(Reuters) – Power demand in Texas hit a record high for a second straight day on Tuesday as homes and businesses cranked up air conditioners to escape a brutal heat wave. 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…
