By Patricia Zengerle WASHINGTON (Reuters) -The Republican chairman of the U.S. House of Representatives Foreign Affairs Committee threatened Secretary of State Antony Blinken with contempt of Congress if he does not comply with a subpoena seeking a classified cable related to the August 2021 U.S. withdrawal from Afghanistan. In a letter to Blinken dated Friday…
By Michael S. Derby (Reuters) – U.S. consumers said last month they expected slightly lower inflation in a year’s time, the New York Federal Reserve said in a report that also showed the bank stresses that kicked off in March weren’t weighing heavily on the moods of Americans. The regional Fed bank reported as part…
By Blake Brittain (Reuters) – Apple Inc on Monday failed to convince a U.S. appeals court that security startup Corellium Inc infringed its copyrights by simulating its iOS operating system to help researchers find security flaws in Apple devices. The 11th U.S. Circuit Court of Appeals said Corellium lawfully recreated Apple’s system under the U.S….
BEIJING (Reuters) -China’s Foreign Minister Qin Gang said on Monday it is imperative to stabilise Sino-U.S. relations after a series of “erroneous words and deeds” threw ties back into a deep freeze. Qin, in a meeting in Beijing with U.S. ambassador Nicholas Burns, stressed in particular that Washington must correct its handling of the Taiwan…
KHARTOUM (Reuters) -Sudanese are pinning their hopes on talks in Saudi Arabia between envoys of warring factions to end bloodshed that has killed hundreds and triggered a mass exodus, but there is no sign lasting relief will come anytime soon. There has been no word on the progress of the talks which began on Saturday…
SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad ended months of uncertainty on Monday as he revealed that Gabriel Galipolo, his second-in-command at the ministry, will be nominated for a top position at the central bank, which the government has heavily criticized for its high borrowing costs. Haddad said that Galipolo, the former CEO…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose over 2% on Monday as U.S. recession fears eased and some traders saw crude’s three-week slide on demand worries as overdone. Brent crude settled up $1.71, or 2.3%, at $77.01. U.S. West Texas Intermediate (WTI) crude also gained $1.82, or 2.6%, to $73.16. A healthy U.S….
By Tom Polansek and Granth Vanaik (Reuters) -Tyson Foods Inc shares plunged 16% to a three-year low on Monday as the U.S. meatpacker posted a surprise second-quarter loss and cut its full-year revenue forecast amid slowing consumer demand. The weaker-than-expected results indicate cash-strapped shoppers are cutting back on meat spending in a high-inflation environment while…
By Jonathan Stempel (Reuters) -The California woman suing Subway, claiming its tuna products contain ingredients other than tuna, wants to end her lawsuit because she is pregnant, prompting Subway to demand her lawyers be sanctioned for bringing a frivolous case. Nilima Amin said her “severe” morning sickness and “debilitating” conditions as she prepares for a…
By Supantha Mukherjee STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt expects to turn profitable in the next 12 months and be ready for an initial public offering in 2025, its Chief Executive Officer Markus Villig said in an interview. The company, a rival of Uber, was valued at over $8 billion when…
