By Lucia Mutikani WASHINGTON (Reuters) -U.S. small business confidence fell to more than a 10-year low in April on worries about the near-term economic outlook and persistent worker shortages, but there were few signs that businesses were having difficulties accessing credit. The National Federation of Independent Business (NFIB) said on Tuesday its Small Business Optimism…
By Kane Wu and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – U.S. private equity group KKR & Co Inc and Australia’s Macquarie Asset Management are among potential bidders for the waste and recycling management arm of Singapore’s energy group Sembcorp in a deal that could value the unit at around $500 million, said two sources with…
(Reuters) – General Motors Co on Tuesday named former Apple Inc executive Mike Abbott to lead a division that will bring together three software functions within the company. Abbott, whose appointment is effective from May 22, will spearhead development of vehicle and enterprise software technologies. Automakers, including GM and Ford Motor Co, have been increasingly…
By Nell Mackenzie LONDON (Reuters) – Hedge fund launches in 2023 are at their lowest level globally since 2017, data provider Preqin said, against a backdrop of banking upheaval and bouts of market volatility. So far this year, 180 funds have started or plan to start trading, Preqin told Reuters on Tuesday. Untried trend managers…
LIVERPOOL, England (Reuters) – Eurovision 2023 kicked off on Sunday when 37 contenders walked the “Turquoise Carpet” in Liverpool, the English city hosting the competition on behalf of Ukraine. Under the banner “United by Music”, the 67th edition of the song contest will comprise three live shows that will unite the cultures of Ukraine and…
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…
WASHINGTON (Reuters) – The Senate Judiciary Committee has asked Texas billionaire Harlan Crow to detail gifts he or his companies have made to U.S. Supreme Court Justice Clarence Thomas, the panel said on Tuesday. “Recent investigative reporting has identified multiple instances in which you or entities you own or control have made payments, purchased real…
By Emma Farge GENEVA (Reuters) – Aid workers say fighting between rival military factions in Sudan is pushing poorly-funded humanitarian programmes in the region to a breaking point. Even before the violence began on April 15, millions of people in Sudan and neighbouring countries were dependent on aid due to poverty and conflict. Since then,…
By Mahamat Ramadane, Joe Bavier and Emma Farge GOUNGOUR, Chad (Reuters) – When a power struggle between Sudan’s rival military leaders shattered a tenuous peace in her village in Sudan’s western region of Darfur, Halime Yacoub Issac’s first instinct was to take her five children and run. But four days after seeking refuge in neighbouring…
By Guy Faulconbridge MOSCOW (Reuters) -President Vladimir Putin said on Tuesday that Russians were united in a “sacred” fight with the West over Ukraine but the strains of war were evident at one of the most pared back anniversaries of the victory over Nazi Germany in decades. Putin has repeatedly likened the war in Ukraine…
