By David Milliken LONDON (Reuters) -Food prices in Britain rose by a record amount over the past 12 months but lower prices are on the horizon, offering some relief to squeezed consumers, the British Retail Consortium (BRC) said on Tuesday. The BRC, representing 5,000 retailers including supermarkets, said food prices at its members soared 15.7%…
(Reuters) – Canadian Prime Minister Justin Trudeau said in an interview to Bloomberg Television last week that any takeover bid for Teck Resources Ltd would have to get through a “rigorous process” to get consent from the government. Here is a snapshot of key events in the saga so far. Date Development March Glencore privately…
(This May 1 story has been refiled to drop extraneous letter in the headline.) By Karen Freifeld (Reuters) – Donald Trump should be able to talk about the evidence in the criminal case against him over a hush payment to a porn star, especially with others free to do so, his lawyers said in a…
Hong Kong (Reuters) -Hong Kong’s economy grew 2.7% in the first quarter of 2023, John Lee, the leader of the Asian financial hub, said in a surprise announcement ahead of Tuesday’s official release of the data, to snap four consecutive quarters of contraction. Although exports continued to decline in the first quarter, faster growth in…
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) -Few investors and bankers could have imagined regulators would allow the largest U.S. lender to buy another bank and become even bigger. Then, Jamie Dimon beat the odds, clinching a deal to buy First Republic Bank on Monday. Now, the JPMorgan Chase & Co CEO expects…
By David Lawder, Trevor Hunnicutt, Andrea Shalal and David Morgan WASHINGTON (Reuters) – U.S. President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the Treasury warned the government could run short of cash to pay its bills by June. Treasury Secretary Janet Yellen said in a…
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Thousands of film and television writers will go on strike starting Tuesday, throwing Hollywood into turmoil as the entertainment business grapples with seismic changes triggered by the global streaming TV boom. The Writers Guild of America (WGA) called its first work stoppage in 15 years…
LOS ANGELES (Reuters) – The group representing Hollywood studios in labor talks with film and television writers said in a statement that negotiations had ended on Monday without the two sides reaching a deal. (Reporting by Lisa Richwine; Editing by Christian Schmollinger)
By Praveen Menon and Roushni Nair SYDNEY (Reuters) -Australia’s flagship carrier, Qantas Airways Ltd, on Tuesday named finance chief Vanessa Hudson as its next chief executive officer, making her the first woman to lead the century-old airline. Hudson will in November take over from Alan Joyce, whose 15 years in the job has made him…
ROME (Reuters) – Italy’s manufacturing sector shrank in April, ending three months of growth, as production and new orders fell and purchasing activity was sharply reduced, a survey showed on Tuesday. The HCOB Global Purchasing Managers’ Index (PMI) for Italian manufacturing came in at 46.8, down from 51.1 in March, well below the 50 mark…
