By Olga Popova MOSCOW (Reuters) – The successor to McDonald’s restaurants in Russia is growing faster than forecast, its owner said at an event to mark the new chain’s first anniversary on Monday, though customers gave mixed reviews to the new and “improved” taste. McDonald’s Corp closed its Russian restaurants soon after Moscow sent tens…
By Jason Lange WASHINGTON (Reuters) – Neither President Joe Biden’s Democrats nor Republicans in Congress emerged as a clear winner in the battle to raise the $31.4 trillion debt ceiling, according to a new Reuters/Ipsos poll. The survey, conducted after Congress passed a bipartisan deal to raise the borrowing limit, found that 50% of Americans…
A look at the day ahead in U.S. and global markets from Mike Dolan As world stock markets levelled off on Tuesday, Australia dampened hopes that central banks were set to pause the interest rate rise cycle, the crypto universe nursed its latest blow, and Apple underwhelmed overnight. A relatively quiet week for U.S. macroeconomic…
By Abhirup Roy, Hyunjoo Jin and Isla Binnie SAN FRANCISCO (Reuters) – Ford Motor Co’s decision to allow customers to use Tesla’s electric-vehicle charging network has sent ripples through the industry, raising questions about a national U.S. charging standard as well as the fate of charging startups that are struggling. The deal, announced last month,…
By Hari Kishan and Sarupya Ganguly BENGALURU (Reuters) – The outlook for most major housing markets has improved slightly from three months ago despite high interest rates, according to Reuters polls of property analysts who were mostly split on whether affordability would worsen or not. House prices rose at a blistering pace across the developed…
(Refiles to remove unrelated Refinitiv Instrument Code) (Reuters) -Cryptocurrency exchange Kraken said on Tuesday that it had resolved an outage that affected several funding gateways including Bitcoin, Ether and ERC20s. “All systems operational,” Kraken said on its status page, without giving details on what caused the issue. Kraken had earlier said deposits and withdrawals were…
SHANGHAI (Reuters) – Some Chinese suppliers to state-owned Chongqing Changan Automobile have written to the automaker after it cut their payments by 10%, saying they were unfairly being forced to pay for the industry’s bruising price war. The suppliers said Changan, which also has partnerships with Ford Motor Co and Mazda Motor, told them in…
TAIPEI (Reuters) – Taiwan chipmaker TSMC is feeling “good” about talks towards setting up its first European factory in Germany, where it is in subsidy discussions with the government, the company’s chairman said on Tuesday. The world’s largest contract chipmaker, TSMC has been in talks with the German state of Saxony since 2021 about building…
By Diane Bartz and Mrinmay Dey WASHINGTON (Reuters) -Illumina on Monday filed an appeal against a Federal Trade Commission (FTC) order, demanding that it divest cancer diagnostic test maker Grail over competition concerns in the U.S. market for cancer tests. San Diego-based Illumina is arguing that the FTC “violated due process by depriving Illumina and…
LONDON (Reuters) – Investors have pulled around $780 million from crypto exchange Binance in the last 24 hours, data firm Nansen said on Tuesday, a day after the world’s biggest crypto exchange was sued by the U.S. Securities and Exchange Commission. Binance’s U.S. affiliate exchange registered net outflows of $13 million in the same period,…
