By Daniel Wiessner (Reuters) – New York’s top state court on Tuesday made it more difficult for music producer Dr. Luke to win his lawsuit claiming pop star Kesha defamed him by falsely accusing him of raping her nearly 20 years ago. The New York Court of Appeals said Dr. Luke, whose real name is…
By Julie Gordon OTTAWA (Reuters) – Inflation in Canada picked up speed again in June, though the gain missed forecasts, with prices rising at their fastest pace since January 1983, official data showed on Wednesday, leaving analysts mixed on how forcefully the Bank of Canada would respond. Canada’s annual inflation rate hit 8.1% in June,…
CANNES (Reuters) – Lily Gladstone, who grew up on the Blackfeet Indian Reservation and stars in Martin Scorsese’s study of white society’s treachery, said the director was a powerful ally in telling the world what communities like hers had always known. In the film “Killers of the Flower Moon”, which premiered at this year’s Cannes…
By David Randall NEW YORK (Reuters) -As second-quarter earnings approach, investors are looking at beaten-down sectors which might gain ground regardless of whether the U.S. economy falls into recession this year. While the benchmark S&P 500 has gained nearly 15% year-to-date driven by a handful of megacap growth and technology names, some sectors have lagged,…
(Reuters) – Amazon.com Inc said on Wednesday it was launching a home insurance portal in the UK, where companies such as Ageas UK, Co-op, and LV= General Insurance will provide third-party services. The portal, Amazon Insurance Store, will also include customer reviews and ratings on insurance companies and the rate at which the claims were…
By Hyonhee Shin SEOUL (Reuters) – North Korea says it has tested a new solid-fuel intercontinental ballistic missile (ICBM), its first known use of the propellant in a longer-range projectile, as it seeks the capability to launch with little preparation. Here are some characteristics of solid-fuel technology, and how it can help the North improve…
(Reuters) -JD.com beat analyst forecasts for second-quarter revenue on Wednesday, as the Chinese e-commerce giant’s focus on lower-priced products paid off in the fight for customers in an economic slowdown. The company said it attracted more vendors to its platform, helped by lower thresholds and costs for them to join, and that users shopped more…
By Granth Vanaik (Reuters) -Under Armour Inc forecast annual sales and profit below Wall Street estimates on Tuesday, signaling that stubborn inflation was hurting demand and higher discounts were eroding profit margins, sending the apparel maker’s shares down 4%. Cost-conscious consumers have been restricting their spending on discretionary products such as home goods, apparel and…
(Reuters) – Regional British airline Flybe has ceased trading and cancelled all scheduled flights, the company said on Saturday. Flybe posted on Twitter that it had been placed into administration, adding that flights to and from Britain would not be rescheduled. “David Pike and Mike Pink of Interpath have been appointed administrators,” it said. Paul…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose to seven-week peaks on Thursday as another round of solid economic data further pared back bets on easing by the Federal Reserve, with the greenback also boosted by expectations of a U.S. debt ceiling deal to a avert potential default. The dollar index, a measure…
