Economic News

(Reuters) – Shares of Salesforce Inc jumped 15% in premarket trade on Thursday after the cloud-based software provider’s revenue forecast eased concerns about slowing growth and its move to double its share repurchase to $20 billion appeased investors.

By Jason Cairnduff LONDON (Reuters) – There was a significant missed opportunity to take action that might have stopped a deadly suicide bombing at the end of an Ariana Grande pop concert in the English city of Manchester in 2017, an inquiry into the attack concluded

(Reuters) – Tesla Inc’s shares fell 6% premarket on Thursday, after Chief Executive Elon Musk and team’s four-hour presentation failed to impress investors waiting for an affordable electric vehicle and a plan with a concrete timeline.

WASHINGTON (Reuters) – Ford Motor said it is recalling 98,500 older Ranger pickup trucks in the United States because replacement front passenger air bag inflators may have been installed incorrectly.

By Gul Yousafzai QUETTA, Pakistan (Reuters) – Seeking a better future for her disabled son, former national hockey player for Pakistan Shahida Raza enlisted human smugglers to get her out of the country. Her life ended this week off the coast of Italy when the boat

By Emilio Parodi MILAN (Reuters) – Italian prosecutors have placed former prime minister Giuseppe Conte under investigation for allegedly mishandling the COVID-19 pandemic outbreak in early 2020, three sources with direct knowledge of the matter said on Thursday.

By Ismail Shakil OTTAWA (Reuters) – The Bank of Canada will hold its key policy rate at the current level of 4.5% until the end of this year and will start cutting rates in January 2024, Canada’s independent budgetary watchdog forecast on Thursday.

By Nandita Bose WASHINGTON (Reuters) – President Joe Biden on Wednesday urged the U.S. Senate to quickly confirm Julie Su as Labor Department secretary and hailed his nominee for her past work to increase worker wages and expand protections.

By Marisa Taylor (Reuters) – Neuralink, founded in 2016, has yet to receive FDA approval to test its brain chip in humans. Other implant makers have spent years or decades on research to secure U.S. regulatory approvals.

LONDON (Reuters) – Haleon, the world’s biggest standalone consumer health business, on Thursday forecast 4-6% organic revenue growth in 2023.

(Reuters) – Eli Lilly and Co said on Wednesday it would reduce prices by 70% for its most commonly prescribed forms of insulin.

ATHENS (Reuters) – The station master of Greece’s Larissa city, who was charged on Thursday over the country’s worst train crash, assumes some responsibility for the disaster but other factors were also at play, his lawyer said.

DUBLIN (Reuters) – Ireland collected 13% more tax in the first two months of the year than the same period in 2022, data from the finance department showed on Thursday, as income tax receipts increased again last month.

ROME (Reuters) – Pope Francis will decide on a new role for German Archbishop Georg Gaenswein, a critic of the pontiff who was the long-term senior aide to his predecessor Benedict, in the coming days, Gaenswein said.

(Reuters) – A new team of monitors from the U.N. nuclear watchdog has taken up its duties at Ukraine’s Russian-occupied Zaporizhzhia nuclear power station at the fourth attempt, a Russian official told TASS news agency on Thursday.

By Isabel Woodford MEXICO CITY (Reuters) – Nearly 1 million customers of Citigroup Inc’s retail unit in Mexico have deactivated their accounts since it was put up for sale last January, according to official government data, although it is unclear whether the looming sale is the

JAKARTA (Reuters) – An Indonesian court on Thursday ruled the country’s poll body must halt election procedures for more than two years, a surprise verdict that divided legal experts over whether a district court has the power to delay a 2024 presidential vote.

(Reuters) – Italy’s Brembo sees an increase in sales in the mid-single digit range for 2023 on the back of a positive start to the year in terms of volumes and as it made full use of its production capacity, the brakes maker said on Thursday.

By Antonella Cinelli ROME (Reuters) – Italian EU-harmonised consumer prices (HICP) eased in February on lower energy prices but still came in above expectations, with core inflation accelerating further, data showed on Thursday.

(Reuters) – As the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a higher peak rate as the Federal Reserve battles sticky inflation in a tight labor market.