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Analysis-Aviation nurses a nasty headache as travel recovers from COVID
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Twitter blames Musk, weak ad market for drop in revenue
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Russian central bank governor speaks after cutting interest rates
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Prince Harry wins bid to challenge UK decision denying him police protection
Analysis-Europe’s banks brace for bumpy ride after cheap money decade
Date: July 22, 2022
By John O’Donnell and Tom Sims FRANKFURT (Reuters) – Europe’s banks, facing a potential economic storm and a rise in borrowing costs for the first time in more than a decade, are set to show their weak spots when they update investors on how their business has fared this year. They have already had to...
Sri Lankan security forces raid protest camp as new leaders sworn in
Date: July 22, 2022
By Devjyot Ghoshal, Uditha Jayasinghe and Alasdair Pal COLOMBO (Reuters) -Sri Lankan security forces raided and partially cleared a protest camp occupying government grounds in Colombo early on Friday, fuelling fears that President Ranil Wickremesinghe had launched a crackdown a day after being sworn in. Media footage showed soldiers in riot gear and armed with...
Exclusive-Hyundai subsidiary has used child labor at Alabama factory
Date: July 22, 2022
By Joshua Schneyer, Mica Rosenberg and Kristina Cooke LUVERNE, Alabama (Reuters) – A subsidiary of Hyundai Motor Co has used child labor at a plant that supplies parts for the Korean carmaker’s assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers, and eight former and current employees of...
Global equity funds see biggest weekly outflow in five weeks
Date: July 22, 2022
(Reuters) – Global equity funds recorded their biggest weekly outflow in five weeks in the week to July 20, on investor caution ahead of crucial central bank meetings in which rate hikes are expected to be announced. According to Refinitiv Lipper, investors offloaded a net $13.79 billion worth of global equity funds, marking the biggest...
Militants attack Mali’s main military base, situation ‘under control’
Date: July 22, 2022
By Fadimata Kontao KATI, Mali (Reuters) -Islamist militants struck Mali’s main military base, just outside the capital Bamako, on Friday in a complex attack involving car bombs, but the armed forces said they had repelled the assault and had the situation under control. Militants linked to al Qaeda and Islamic State have repeatedly raided bases...
Oil prices tick up on supply concerns after price cap on Russian oil
Date: July 22, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged up on Friday in choppy trading after Russia said it will not supply crude to countries that decide to impose a price cap on its oil. Brent crude futures rose 87 cents, or 0.8%, to $104.75 a barrel by 10:54 a.m. ET (1454 GMT), while U.S. West...