By Elizabeth Piper and Vlad Smilianets OUTSKIRTS OF KHERSON, Ukraine (Reuters) -Some residents left the southern Ukrainian city of Kherson in cars and buses on Friday, and others stocked up on groceries, before a weekend curfew imposed as Kyiv prepares for a counter-offensive against Russian forces. The announcement of the unusually long curfew, due to…
(Reuters) -Air Canada on Thursday raised its full-year forecast for core profit, citing a stronger-than-anticipated demand environment and lower-than-expected fuel costs. Shares of Canada’s largest carrier rose 10% on Friday. Easing restrictions spurred international travel demand, helping carriers to mitigate cost pressures even as rising inflation is making leisure activities more expensive. Despite a looming…
By Stephen Nellis (Reuters) -When Apple Inc surprised investors this week with a rise in iPhone sales despite a slump in the global smartphone market, Chief Executive Tim Cook credited emerging markets like India where the company is luring away Android phone users. Cook is betting that those markets will provide more opportunities for growth,…
By Philip Pullella VATICAN CITY (Reuters) -Pope Francis on Friday praised the work of an international Vatican commission on sexual abuse prevention, following the recent acrimonious resignation of a high-profile member who accused it of lacking transparency. In an address to a plenary session of the Pontifical Commission for the Protection of Minors, Francis made…
By Leroy Leo and Khushi Mandowara (Reuters) -Cigna Group on Friday raised its annual profit forecast after lower medical costs at the company’s health insurance business helped it beat estimates in the first quarter, lifting shares 7.5% in morning trade. The health insurer also cut the midpoint of its 2023 medical cost ratio – or…
By Ismail Shakil OTTAWA (Reuters) -Canada’s economy added far more jobs than expected in April and the jobless rate stayed near a record low for a fifth consecutive month in a show of continued labor market resilience despite signs of an economic slowdown, data showed on Friday. The economy gained a net 41,400 jobs in…
By Hilary Russ NEW YORK (Reuters) – More job seekers are filling out applications to sling Big Macs at McDonald’s, and Starbucks baristas are staying in their jobs longer, as a cooling economy sends workers back to low-wage restaurant gigs and keeps them there. “We’re seeing the labor situations improving,” McDonald’s Chief Executive Chris Kempczinski…
NAIROBI (Reuters) -Kenyan President William Ruto on Friday appointed a commission of inquiry into the deaths of more than 100 people believed to have starved themselves to death, while a court ordered that their alleged cult leader remain in prison. Kenyan authorities say the dead were members of the Good News International Church led by Paul…
ROME (Reuters) – The United Nations food agency’s world price index rose in April for the first time in a year, but is still some 20% down on a record high hit in March 2022 following Russia’s invasion of Ukraine. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food…
By Felix Light, Caleb Davis and Andrew Osborn (Reuters) -Yevgeny Prigozhin, leader of Russia’s Wagner Group mercenary force, said in a dramatic announcement on Friday that his forces would pull out of the Ukrainian city of Bakhmut that they have been trying to capture since last summer. Prigozhin said they would withdraw on May 10…
