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Pope to visit Kazakhstan, may meet Russian Orthodox patriarch
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Euro zone factory activity contracted in July as recession fears grow
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Dollar sinks below 132 yen as traders boost recession bets
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NATO peacekeepers oversee removal of roadblocks in Kosovo
Stephen King goes to bat for U.S. gov’t in case against book publishing mega-merger
Date: August 1, 2022
By Diane Bartz WASHINGTON (Reuters) – The U.S. Justice Department will ask a federal judge on Monday to block a $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King. Also on Monday,...
U.S. considers crackdown on memory chip makers in China
Date: August 1, 2022
By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) – The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China’s semiconductor sector advances and protect U.S. companies. If...
Bank of England probes the persistence of UK’s inflation surge
Date: August 1, 2022
LONDON (Reuters) – The Bank of England says it will act forcefully if needed to stop the surge in inflation from turning into a long-term problem, meaning it could deliver a rare half-percentage point interest rate rise as soon as this week. Here are some of the things that Governor Andrew Bailey and his colleagues...
Russia’s Chubais in intensive care with rare immune disorder – close sources
Date: August 1, 2022
LONDON (Reuters) -Anatoly Chubais, the former privatisation tsar of post-Soviet Russia who quit his post as a Kremlin special envoy due to the war in Ukraine, is in intensive care in Europe with a rare immune disorder, two sources close to Chubais told Reuters. Chubais, 67, believes he is suffering from Guillain–Barre syndrome, a disease...
British financial watchdog toughens rules on high-risk product ads
Date: August 1, 2022
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog finalised tougher rules on Monday for advertising high risk products, such as peer-to-peer loans and the mini-bonds sold by investment firm London Capital & Finance (LCF), whose collapse led to a government bailout of investors. The Financial Conduct Authority (FCA) said firms approving and issuing marketing...
Shenzhen accelerates China’s driverless car dreams
Date: August 1, 2022
By David Kirton SHENZHEN, China (Reuters) – On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car’s dashboard they look like small 3D blue blocks from a 1990s video game. The steering wheel turns itself a notch and the vehicle slows to a gentle...