By Kantaro Komiya TOKYO (Reuters) – Japan’s factory sentiment likely improved in the second quarter for the first time since mid-2021, thanks to an eased chip supply crunch for automakers, a Reuters poll of economists showed on Friday. While slowing global demand has dragged on manufacturers’ recovery, the service-sector mood is expected to have extended…
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will deliver a final 25-basis-point interest rate increase in May and then hold rates steady for the rest of 2023, according to economists in a Reuters poll, which also showed a short and shallow recession this year was likely. Worries about an…
By Jamie Freed DOHA (Reuters) -Qantas Airways and Airbus said on Sunday they would invest up to $200 million to accelerate the development of a sustainable aviation fuels (SAF) industry in Australia to help meet the airline’s goal of lowering carbon emissions. The agreement, announced on the sidelines of global airline industry body IATA’s annual…
Billionaire philanthropist MacKenzie Scott donated $38.8 million to Junior Achievement USA and 26 local operations — the largest single gift in its 103-year history — the national education nonprofit announced Tuesday. Like all of Scott’s nearly $12 billion in donations since 2019, her gift to Junior Achievement USA is unrestricted, meaning the Colorado-based nonprofit, which…
By Valentina Consiglio and Gavin Jones ROME (Reuters) -Italian industrial output was much stronger than expected in April, rising 1.6% from the month before after a 0.2% gain in March, data showed on Friday, boosting growth prospects for the second quarter. While the euro zone’s third largest economy still faces many headwinds, it seems to…
By William Schomberg LONDON (Reuters) – Chelsea fans arriving at Stamford Bridge a few hours after a private equity-backed deal to buy the club was announced welcomed the prospect of a return to stability but expressed concern about the motivations of the new owners. Chelsea said in the early hours of Saturday that terms had…
By Rod Nickel and Sourasis Bose (Reuters) -Canada’s Enbridge Inc said on Thursday it has reached a toll agreement with oil shippers for its Mainline crude pipeline system, one of North America’s biggest, after scrapping earlier plans for long-term contracts. The agreement, which will last through 2028 and requires Canadian regulatory approval, covers tolls charged…
By Tom Hals WILMINGTON, Delaware (Reuters) – Now that the year-long war of words between Florida Governor Ron DeSantis and the Walt Disney Co has landed in the courts, the Republican leader might find his verbal barbs directed at the entertainment giant coming back to bite, legal experts said. Disney on Wednesday sued DeSantis to…
By Anshuman Daga and Indranil Sarkar SINGAPORE (Reuters) -DBS Group has agreed to pay S$956 million ($706.6 million) to buy Citigroup’s consumer business in Taiwan, making the Singapore lender the largest foreign bank in Taiwan by assets as it bulks up regional acquisitions to power growth. The deal is part of DBS Chief Executive Piyush…
By Victoria Waldersee BERLIN (Reuters) -Porsche AG warned on Wednesday that supply chain problems were hampering battery-electric vehicle (BEV) production and pointed to slower growth in Europe and China, but kept its BEV sales target on the basis that luxury demand was more resilient to downturns. The carmaker is facing “major challenges” in securing special…
