China steps in to stem yuan slide, shore up confidence
SHANGHAI/BEIJING (Reuters) – China’s monetary authorities took forceful action against a sliding currency for the first time in nearly eight…
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Audi ex-boss becomes first VW board member sentenced over diesel scandal
By Jörn Poltz (Reuters) – Former Audi boss Rupert Stadler was handed a suspended sentence of one year and nine…
Jaunts in jets, not risky adventures, the norm for wealthy travelers
By Svea Herbst-Bayliss, Tatiana Bautzer and Julia Harte NEW YORK (Reuters) -Clad in a blue jumpsuit and dangling from the…
Nigeria could save $5.1 billion this year from reforms, says World Bank
By Chijioke Ohuocha and Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria could save up to 3.9 trillion naira ($5.10 billion) this year…
North Korea says U.S. has ‘sinister intention’ in rejoining UNESCO
SEOUL (Reuters) – North Korea criticised on Tuesday the U.S. plan to rejoin the U.N. cultural agency UNESCO as a…
India’s quarterly current account gap narrows as trade deficit shrinks
By Swati Bhat MUMBAI (Reuters) -India’s current account deficit narrowed sharply in the January to March quarter, helped by a…
Kenya could follow Uganda as East African nations wage war on LGBT rights
By Ayenat Mersie and Mukelwa Hlatshwayo NAIROBI (Reuters) -Mohamed Ali doesn’t believe gay Africans exist. He says homosexuality is a…
Accor plans to open more than 1,200 hotels as travel demand picks up
By Tristan Veyet and Gaelle Sheehan (Reuters) -Accor plans to open more than 1,200 hotels in the next five years,…
Yacht maker Ferretti reverses course after Milan launch
By Elisa Anzolin MILAN (Reuters) – Shares in Italian yacht-maker Ferretti reversed course on Tuesday, as it began its listing…
Israeli lead producer to use ACE Green emissions-free recycling
(This June 21 story has been refiled to remove the picture) LONDON (Reuters) – U.S.-based ACE Green Recycling, which has…