Category: Reuters
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Why mpox vaccines are only just arriving in Africa after two years By Reuters
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(This story was resubmitted from August 24 to correct the name in the credit report to Jaafar Al-Qatantani.) By Jennifer Rigby LONDON (Reuters) – The first 10,000 doses of the MBOX vaccine are finally due to arrive next week in Africa, where a dangerous new strain of the virus that…
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South African rand jumps as Fed’s Powell signals lower rates By Reuters
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JOHANNESBURG (Reuters) – South Africa’s rand jumped on Friday after comments from Federal Reserve Chairman Jerome Powell suggested an interest rate cut next month. At 1520 GMT, the rand was trading at 17.71 rand to the dollar, up 1.82% from its previous close. “The time has come to adjust policy,”…
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Dollar falls after Powell greenlights September easing By Reuters
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By Alden Bentley NEW YORK (Reuters) – The dollar fell and the pound rose to its highest in more than two years on Friday after Federal Reserve Chairman Jerome Powell gave an unequivocal signal that a long-awaited U.S. interest rate cut will come next month. The dollar’s weakness also saw…
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Taiwan deputy foreign minister to attend Pacific Islands Forum By Reuters
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TAIPEI (Reuters) – Taiwan’s deputy foreign minister will attend a meeting of Pacific island leaders in Tonga this week, the foreign ministry said on Sunday, as China and the United States vie for influence in the region. The Pacific is also an area of competition between Taipei and Beijing, with…
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Brazil’s Campos Neto says markets perceiving less monetary intervention By Reuters
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By Howard Schneider JACKSON HOLE, Wyoming (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Saturday that recent volatility may show that the market is pricing in less room for fiscal and monetary intervention in the future. Speaking at the Federal Reserve’s annual economic conference in Kansas City,…
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Canada rail shutdown may still delay western grain exports By Reuters
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By Karl Bloom (Reuters) – A rail shutdown in Canada may delay the loading of some bulk grain ships at ports on the country’s West Coast despite a government move to end a standstill at the country’s two largest rail operators, traders and analysts said. More than 20 large cargo…
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Swiss finance minister chides US, Europe over ‘time bomb’ debt levels By Reuters
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ZURICH (Reuters) – Debt levels in the United States and Europe pose a risk to international financial stability and to Switzerland, Swiss Finance Minister Karin Keller-Sutter said in a newspaper interview published on Saturday. In an interview with the Swiss daily Blick, Keller-Sutter praised Switzerland’s “disciplined” finances, which she said…
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Russia, Ukraine set to swap 115 prisoners each, UAE official says By Reuters
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By Alexander Cornwell DUBAI (Reuters) – Russia and Ukraine are set to swap 115 prisoners each on Saturday after negotiations brokered by the United Arab Emirates, a UAE official said, in the first prisoner swap since Ukraine launched its offensive inside Russia this month. The Emirati official spoke on condition…
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New Mexico Starbucks nicknamed ‘Charbucks’ after arson attacks By Reuters
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By Andrew Hay TAOS, New Mexico (Reuters) – After two fires ignited a Starbucks construction site in Taos, New Mexico, a developer is trying again to build the first self-service coffee shop in the mountain town with a history of rebellions and opposition from some to national chains. It didn’t…
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New Mexico Starbucks nicknamed ‘Charbucks’ after arson attacks By Reuters
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By Andrew Hay TAOS, New Mexico (Reuters) – After two fires ignited a Starbucks construction site in Taos, New Mexico, a developer is trying again to build the first self-service coffee shop in the mountain town with a history of rebellions and opposition from some to national chains. It didn’t…
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US appeals court scraps Biden tipped wages rule By Reuters
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By Nate Raymond (Reuters) – A U.S. appeals court on Friday rejected a rule adopted by President Joe Biden’s administration aimed at increasing wages for tipped workers, citing a recent U.S. Supreme Court ruling that limited the ability of federal agencies to issue regulations. A three-judge panel of the New…
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Wildfires affecting 30 cities in Brazil’s Sao Paulo state, leave 2 dead By Reuters
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SAO PAULO (Reuters) – Wildfires affecting or nearing 30 Brazilian cities were raging on Friday evening, the state of Sao Paulo said, adding that two people died at an industrial plant while trying to control the flames. The government said in a statement that the cities had been affected by…
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Bronfman’s Paramount bid could keep Shari Redstone involved, CNBC reports By Reuters
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(Reuters) – Former U.S. media executive Edgar Bronfman Jr. is open to having Shari Redstone stay involved with Paramount Global if its special committee accepts his union’s offer to buy out the company’s controlling shareholder, National Amusements, CNBC reported on Friday. On Wednesday, Bronfman beefed up his bid for Paramount,…
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Norfolk Southern reaches agreements with four labor unions By Reuters
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(Reuters) – Norfolk Southern Railroad and BNSF Railroad said on Friday they have reached five-year interim collective bargaining agreements with four unions. The agreements call for an average wage increase of 3.5% annually over the next five years, more vacation time and some improvements to health care benefits. The agreements…
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Musk’s SpaceX testing breakthrough tech in risky spacewalk By Reuters
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Written by Joy Roulette WASHINGTON (Reuters) – SpaceX’s attempt to conduct the first-ever private spacewalk next week will test groundbreaking equipment including thin spacesuits and a cabin without an airlock in one of the riskiest missions yet for Elon Musk’s space company. A billionaire businessman, a retired military fighter pilot…
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Massive blackouts roil Cuba By Reuters
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By Nelson Acosta and Alian Fernandez CARDENAS, Cuba (Reuters) – Power outages totaling 14 hours or more a day were reported on Thursday across much of crisis-torn Cuba, leaving millions of people unprotected in the summer heat and humidity. The state-owned electricity company said the faults put six stations out…
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Sterling climbs to highest since March 2022 against dollar By Reuters
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(Reuters) – Sterling rose to its highest level in more than two years against the dollar on Friday, helped by fresh signs of strength in the British economy and dovish comments from Federal Reserve Chairman Jerome Powell that pushed the greenback lower against many global currencies. The pound jumped 0.7%…
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Grocery stores boost donations as Democrats criticize their business practices By Reuters
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Written by Bo Erickson WASHINGTON (Reuters) – The level of political donations from major food companies accepted by Democratic lawmakers has risen during the current congressional election cycle, a Reuters analysis of Federal Election Commission data shows, even as many Democrats accuse major U.S. grocery chains and their suppliers of…
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Airlines fly over Afghanistan as Middle East becomes the greater risk By Reuters
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By Joanna Pluchinska and Lisa Barrington LONDON/SEOUL (Reuters) – Singapore Airlines, British Airways and Lufthansa have increased their flights over Afghanistan after years of largely avoiding it now that conflict in the Middle East has made it a relatively safe option. Most airlines stopped flying over Afghanistan, which lies on…
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Exclusive-Chinese entities turn to Amazon cloud and its rivals to access high-end US chips, AI By Reuters
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By Eduardo Baptista, Fanny Botkin and Karen Freifeld BEIJING/SINGAPORE/NEW YORK (Reuters) – Chinese state-linked entities are using cloud services provided by Amazon.com Inc or its rivals to access advanced U.S. chips and artificial intelligence capabilities they could not otherwise obtain, recent public tender documents show. The US government has restricted…