Economic News
- Reuters
CAPE TOWN (Reuters) – Residents of Hout Bay community, close to South Africa’s tourist capital Cape Town, held a candlelight vigil on Wednesday evening as the search continued for a 22-year-old German who went missing during a hike last month.
- Reuters
By Sam Tobin LONDON (Reuters) – UBS faces a $500 million lawsuit in London brought by an exiled Chinese businessman after an appeal court on Wednesday rejected the Swiss bank’s latest attempt to have the case thrown out.
- Reuters
(Reuters) – Software consultancy firm Thoughtworks Inc said on Wednesday it laid off 4% of its global workforce, or roughly 500 employees, joining a host of U.S. companies looking to cut costs amid a sobering economic outlook.
- Reuters
By Sarah N. Lynch and Nate Raymond BOSTON (Reuters) – Massachusetts U.S. Attorney Rachael Rollins has hired a former Justice Department inspector general to defend her in a widening ethics investigation into her appearance at a political fundraiser and her travel.
- Reuters
By Alexander Ratz and Sarah Marsh BERLIN (Reuters) – Germany’s centre-left government on Wednesday released new guidelines set to shape all diplomacy and development work including the creation of a new role for an “ambassador for feminist foreign policy”.
- Reuters
By Howard Schneider WASHINGTON (Reuters) – Continued high inflation won’t necessarily force the Federal Reserve to raise interest rates higher than expected, but monetary policy will have to remain tight “until well into 2024,” Atlanta Fed President Raphael Bostic said in an essay released on Wednesday.
- Reuters
By Polina Devitt and Eric Onstad LONDON (Reuters) – An Indian businessman accused by Trafigura of fraud told the commodity trader he imported Russian nickel and had it processed before rebranding it as Indian to get around financing restrictions, a former Trafigura executive said in an
- Reuters
(Reuters) – Digital World Acquisition Corp, a blank-check firm that is to merge with former U.S. President Donald Trump’s social media platform, said on Wednesday it will file an appeal against a Nasdaq de-listing notice due to the non-payment of some dues.
- Reuters
By Elizabeth Howcroft LONDON (Reuters) – Binance’s stablecoin, Binance USD, has seen around $6 billion of outflows following a U.S. regulatory crackdown on the company that issues the token, according to market tracker CoinGecko.
- Reuters
By Angeliki Koutantou ATHENS (Reuters) – Greek Prime Minister Kyriakos Mitsotakis called it an unspeakable tragedy but questions are being asked whether the fatal collision of passenger and freight trains on Tuesday night could have been prevented.
- Reuters
By Johann M Cherian and Shreyashi Sanyal
- Reuters
By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s president-elect Bola Tinubu has promised to tackle a litany of problems, including escalating violence, double-digit inflation and industrial-scale oil theft.
- Reuters
By Michael Kahn and Jason Hovet PRAGUE (Reuters) – Two Czech online grocers – one a start-up “unicorn”, the other backed by a billionaire businessman – are taking on Europe’s biggest supermarkets to feed growing appetite for home grocery delivery. Market leader Rohlik
- Reuters
By Gloria Dickie LONDON (Reuters) – Huge blooms of phytoplankton — microscopic algae floating on the ocean’s surface — have become larger and more frequent along the world’s coastlines, according to new research, bringing benefits to fisheries but also potentially causing harm.
- Reuters
MOSCOW (Reuters) – The signature sauce has changed and the ingredients have been tweaked, but the “Big Hit”, which went on sale in Russia this week, is a tasty alternative to the McDonald’s Big Mac it is replacing, several customers said.
- Reuters
By Will Dunham (Reuters) – Europe was no balmy paradise during the Ice Age, with the vast glaciers that blanketed large parts of the continent rendering wide swathes inhospitable for humans. But our species – a new immigrant to Europe – endured, though with great hardship.
- Reuters
By Lefteris Papadimas LARISSA, Greece (Reuters) – When he heard the news of the deadly train crash in central Greece, 24-year-old student Konstantinos rushed to the city where the injured had been taken to search for three friends who had been on the train.
- Dennis Shen
The Dutch economy and the government’s fiscal position were surprisingly resilient in 2022 but slowdown and an ambitious budgetary programme may intensify fiscal pressures in the medium run.
- Reuters
BEIJING (Reuters) – China President Xi Jinping and Belarusian President Alexander Lukashenko sealed a series of agreements on Wednesday to build up an “all weather” partnership between their countries, against the background of the war in Ukraine.
- Reuters
NEW DELHI (Reuters) – The Russia-Ukraine conflict will form an important part of discussions at a G20 foreign ministers meeting, but host India is confident that economic challenges created by the war will get equal attention, India’s foreign secretary said on Wednesday.