Sri Lanka foreign reserves at record low, politics in crisis
COLOMBO, Sri Lanka (AP) — Sri Lanka’s economy is in dire straits with its usable foreign reserves down to less…
India’s central bank raises interest rate to tame inflation
NEW DELHI (AP) — India’s central bank on Wednesday raised its key interest rate to 4.4% from 4% to try…
After another strong quarter, CVS raises outlook for 2022
COVID-19 vaccines and tests for the virus continue to boost CVS Health and the health care giant raised its annual…
EXPLAINER: What’s the impact if Europe cuts off Russian oil?
The European Union’s executive commission has proposed phasing out imports of Russian oil within six months. It is part of…
Maersk In Talks With Buyers For Stake As Quits Russia
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports…
Loblaw Revenue Misses Estimates On Easing Demand For Groceries, Essentials
(Reuters) – Canadian retailer Loblaw Cos Ltd missed Wall Street estimates for first-quarter revenue on Wednesday, signaling that pandemic-led demand…
Spain’s April Jobless Number Slips, Formal Jobs At Record High
MADRID (Reuters) – The number of people registering as jobless in Spain fell 2.77%in April to 3.02 million people, the…
UK’s Boohoo Warns Of Slower Growth As Supply Issues Weigh
By James Davey LONDON (Reuters) -British online fashion retailer Boohoo warned sales growth would slow this year, hit by a…
Biden showcases deficit progress in bid to counter critics
WASHINGTON (AP) — President Joe Biden on Wednesday highlighted new figures showing the government’s red ink will grow less than…
Volkswagen Sticks To Outlook As Size Offset Supply Chain Woes
By Christoph Steitz and Jan Schwartz FRANKFURT (Reuters) -Volkswagen, Europe’s top carmaker, on Wednesday stuck to its outlook for 2022,…