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Inside the super-secure Swiss lab trying to stop the next pandemic
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UK inflation expectations fall again as BoE nears rates decision
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U.S. appeals court upholds FAA rules on drone identification
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London’s High Court rules against Venezuela’s Maduro in $1 billion gold battle
Factbox: Companies cut jobs, freeze hiring to prepare for economic slowdown
Date: July 29, 2022
(Reuters) – Technology companies, crypto exchanges and financial firms are cutting jobs and slowing hiring as global economic growth slows due to higher interest rates, red-hot inflation and an energy crisis in Europe. In a sign of a tough second half of the year, growth in the world’s largest economy, the United States, shrank for...
Blinken and Russia’s Lavrov have ‘frank’ discussion about prisoners
Date: July 29, 2022
By Humeyra Pamuk WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken on Friday said he has held a telephone conversation with Russian Foreign Minister Sergei Lavrov and pressed the Kremlin to accept the ‘substantial proposal’ that Washington has put forward to secure the release of two Americans detained in Russia. In their first such conversation...
Explainer-What’s next for China Evergrande after a restructuring proposal?
Date: July 29, 2022
By Clare Jim HONG KONG (Reuters) – China Evergrande Group will offer asset packages that may include shares in its two overseas-listed businesses as a sweetener for restructuring offshore debt, the developer said, as a stifling liquidity crisis in the property sector continues. Evergrande’s restructuring proposal came on Friday as China’s property sector, a key...
Forza Italia heavyweights jump ship, join Italy centrists
Date: July 29, 2022
By Crispian Balmer ROME (Reuters) – Two senior members of Silvio Berlusconi’s Forza Italia group said on Friday they were joining the small centrist Azione party ahead of forthcoming elections, saying Italy’s conservative bloc had become too extremist. Maria Stella Gelmini and Mara Carfagna, both ministers in the outgoing government, announced their move at a...
Tide maker P&G misses earnings, forecasts lower growth as consumers ‘scrimp’
Date: July 29, 2022
By Uday Sampath Kumar and Jessica DiNapoli (Reuters) -Procter & Gamble Co delivered quarterly earnings that missed estimates on Friday and forecast lower sales growth, citing surging transportation and commodity costs, consumer cutbacks and retailer reluctance to hike prices. P&G shares fell as much as 6% in the morning as the company missed quarterly earnings...
Miners’ profits face an unusual foe: extreme weather
Date: July 29, 2022
(Reuters) – Heavy rainfalls, withering droughts and other extreme weather patterns across the globe are denting miners’ profits and crimping supply of iron ore, copper and other widely-used minerals as climate change roils yet another industry. It is an unusual situation for companies that have experience operating anywhere in the world, include miles underground and...