By Gabrielle Tétrault-Farber GENEVA (Reuters) -A United Nations committee said on Friday it was deeply concerned about human rights violations by Russian forces and private military companies in Ukraine, including enforced disappearances, torture, rape and extrajudicial executions. In its findings on Russia, the U.N. Committee on the Elimination of Racial Discrimination called on the Russian…
By Gavin Jones and Giuseppe Fonte ROME (Reuters) -Italy’s economy grew by 0.5% in the first quarter from the previous three months, preliminary data showed on Friday, a stronger recovery than expected after a slight contraction at the end of last year. On a year-on-year basis, first quarter gross domestic product in the euro zone’s…
TOKYO (Reuters) – Toyota Motor Corp affiliate Daihatsu rigged part of the door in side-collision safety tests carried out for some 88,000 small cars, most of which were sold under the Toyota brand, the companies said on Friday. They said the door trim on the affected vehicles had been modified with a “notch” to minimise…
By Kiyoshi Takenaka and Tim Kelly TOKYO (Reuters) -Sony Group Corp on Friday said PlayStation 5 sales will jump by six million units this business year, but forecast its profit will slip from a record high as weaker financial services sales offset gains from gaming, music and movies. The Japanese company said it expects operating…
By Akash Sriram, Jeffrey Dastin and Arriana McLymore (Reuters) -Amazon.com Inc signaled on Thursday its long lofty cloud growth would slow further as its business customers braced for turbulence and clamped down on spending, overshadowing the company’s quarterly sales and profit that topped expectations. In extended trading, Amazon’s stock initially added about $125 billion in…
By Fabian Cambero SANTIAGO (Reuters) -While Chile’s plan to take control of its lithium industry has caused global shockwaves, state-led production of the metal used to make electric vehicle batteries is seen by analysts as likely years away given technical and political challenges. President Gabriel Boric last week said he would move to gradually nationalize…
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s key inflation rate eased to 35.3% in April from 50.3% in March, the statistics department said on Friday, a sign of relief for the crisis-battered economy. The Colombo Consumer Price Index (CCPI) reflected a reduction in food inflation to 30.6% in April from 47.6% in March, while non-food…
BANGKOK (Reuters) – Thailand’s economy slowed down in March compared with the previous month, as exports declined but the service sector continued to improve from higher foreign tourist numbers, the central bank said on Friday. Economic activity is expected to have improved in April and exports should gradually pick up, the Bank of Thailand (BOT)…
BRUSSELS (Reuters) – Chipmakers STMicroelectronics and GlobalFoundries secured EU approval on Friday to build a chip factory with French state aid in France. The companies announced their plan in July last year, with the new facility to be situated next to STM’s existing plant in Crolles and targeted to reach full capacity by 2026, with…
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Asian finance leaders gathering in South Korea next week will likely debate ways to beef up safeguards against market turbulence, as global banking sector woes and fears of recession in advanced economies cloud the economic outlook. The impact of U.S. interest rate hikes on the region’s…
