By Andrew Mills DOHA/MOMBASA (Reuters) – Andrew Maganga seized the chance to work as a World Cup security guard in Qatar last year, only to be fired along with some 200 others on the last day of the tournament, jailed for protesting over wages, and deported back to his native Kenya. At home in Mombasa,…
By Siddharth Cavale NEW YORK (Reuters) – A new analysis of Walmart’s pricing strategy reveals it has consistently kept grocery prices lower than competitors while generally hiking prices at rates far below U.S. inflation, even while the firm now faces allegations of using its clout to gain unfair advantages over rivals. Data analytics firm Dataweave…
By Aditya Soni (Reuters) -Lyft Inc shares tumbled about 19% on Friday as the ride-hailing company’s strategy to claw back market share from rival Uber with lower fares stoked concerns of a hit to its profit margins. At least 16 analysts slashed their price targets on a stock that has widely underperformed the market this…
By Michael Holden LONDON (Reuters) -King Charles greeted excited crowds gathering for his coronation before hosting a reception for world leaders at Buckingham Palace on Friday ahead of what will be the biggest ceremonial event in Britain for 70 years. Charles, 74, and his wife Camilla will be crowned at London’s Westminster Abbey in a…
By Karen Brettell NEW YORK (Reuters) – The dollar gave back earlier gains against the euro but stayed stronger against the yen on Friday after jobs gains and wage growth for April beat economists’ forecasts but showed downward jobs revisions for March. Employers added 253,000 jobs, beating economists’ forecasts for a 180,000 gain. U.S. average…
By Felix Light and Caleb Davis (Reuters) -Russia’s main mercenary group announced plans on Friday to withdraw from the eastern Ukrainian city of Bakhmut, but Ukraine said the fighters were reinforcing positions to try to seize it before Russia marks World War Two Victory Day next week. Wagner Group leader Yevgeny Prigozhin said his men…
(Reuters) – American International Group Inc said on Friday it had delayed a secondary share sale in its life insurance and retirement business unit due to heightened market volatility fueled by the banking crisis. The U.S. insurer seeks to gradually reduce its stake in its Corebridge Financial Inc unit and had planned the share sale…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose on Friday but fell for the third straight week after a sharp fall earlier this week ahead of benchmark interest rate rises and on concern that the U.S. banking crisis will slow the economy and sap fuel demand. Brent crude closed $2.80, or 3.9% higher, at $75.30…
MOSCOW (Reuters) – A prominent Russian theatre director was remanded in custody for two months on Friday after being accused of justifying terrorism with an award-winning play about Russian women who married Islamic State fighters, the state news agency TASS reported. Investigators opened a case this week against Yevgenia (Zhenya) Berkovich and playwright Svetlana Petriychuk,…
(Reuters) – Florida’s Senate on Thursday passed a bill that will allow a tourism board appointed by Governor Ron DeSantis to cancel development agreements its predecessor body signed, the latest salvo against the Walt Disney Co from the conservative leader. Under the bill, which now goes to DeSantis for signing into law, the Central Florida…
