By Aditya Soni and Nivedita Balu (Reuters) -Star host Tucker Carlson’s abrupt exit from Fox News is likely to hit short-term ratings but could nudge more mainstream advertisers to consider a network they have snubbed for being too partisan, investors and analysts said. News of his departure on Monday wiped nearly $1 billion from the…
By Rodrigo Campos NEW YORK (Reuters) -Argentina’s Economy Minister Sergio Massa pledged on Tuesday to unleash “all tools” to counter a slide in the peso currency that President Alberto Fernandez blamed on “Argentina’s right”, as the currency hit a fresh low in popular black markets. The peso hit 495 against the dollar in informal markets…
By Wayne Cole SYDNEY (Reuters) -Australian inflation eased from 33-year highs in the first quarter as the cost of living saw the smallest rise in more than a year, while core inflation dipped below forecasts suggesting less pressure for another hike in interest rates. Investors reacted by lengthening the odds on the Reserve Bank of…
By John Kruzel WASHINGTON (Reuters) -U.S. Supreme Court Chief Justice John Roberts will not testify at an upcoming Senate Judiciary Committee hearing expected to focus on judicial ethics, he said in a letter on Tuesday to the committee chair. The committee’s Democratic chairman, Dick Durbin, had asked the chief justice to appear before the panel…
By Yuvraj Malik and Jane Lanhee Lee (Reuters) -Microsoft Corp beat Wall Street’s estimates for quarterly revenue and profit on Tuesday, driven by growth in its cloud computing and Office productivity software businesses, and the company said artificial intelligence products were stimulating sales. The company forecast revenue in its main segments for the current quarter…
By Andrea Shalal WASHINGTON (Reuters) – World Bank Chief Economist Indermit Gill is calling for new approaches to address the mounting debt crisis facing many countries, including steps to factor domestic borrowing into assessment of a country’s debt sustainability. Gill told Reuters the Common Framework set up by the Group of 20 major economies to…
By David Lawder WASHINGTON (Reuters) – Rapid aging of both wealthy and middle-income countries will make their economies increasingly dependent on migration from poorer countries, and the process needs to be better managed, the World Bank said on Tuesday. The bank’s latest World Development Report said that about 184 million people across the world now…
(Reuters) – Air conditioner maker Carrier Global Corp said on Tuesday it would buy German industrial firm Viessmann Group’s unit that makes heating boilers and heat pumps in a 12 billion euros ($13.17 billion) cash-and-stock deal. The acquisition is expected to enhance Carrier’s strategy to capitalize on the rapid energy transition in Europe and give…
WASHINGTON (Reuters) – U.S. nuclear regulator said on Tuesday it has launched an inspection to examine ground settling at various places around Energy Harbor Corp’s Davis-Besse nuclear power plant in Ohio. The Nuclear Regulatory Commission said in release it determined a “special inspection” was necessary after learning that a failure in October 2022 of a…
By Tom Polansek CHICAGO (Reuters) -Cargill Inc will need months to fully sever ties with a U.S. company fined for hiring kids to do dangerous work cleaning meat plants, the head of the meatpacker’s North American protein business said on Tuesday. The timeline shows the challenges of quickly finding and implementing replacements for Packers Sanitation…
