Top Stories
Top Stories
UK retail sales slip in June as consumers struggle with inflation
Top Stories
Oil prices rise as tight supply, geopolitical tensions linger
Top Stories
Polish c.banker Litwiniuk says inflation may keep rising in 2023
Top Stories
Explainer-Luton Airport runway meltdown shows airports vulnerable to climate change
How crisis unfolded in Sri Lanka
Date: July 22, 2022
COLOMBO (Reuters) – A deepening economic crisis in Sri Lanka sparked mass protests that forced President Gotabaya Rajapaksa to flee the country, leaving his successor, Ranil Wickremesinghe, to declare a state of emergency while seeking a bailout from the International Monetary Fund. On Friday, a day after Wickremesinghe was sworn in, security forces launched a...
Crisis-hit Sri Lanka swears in new prime minister
Date: July 22, 2022
By Uditha Jayasinghe COLOMBO (Reuters) -Senior Sri Lankan lawmaker Dinesh Gunawardena was sworn in on Friday as the new prime minister, his office said, a day after the swearing-in of a new president as the Indian Ocean nation grapples with its worst economic crisis in decades. The event came just hours after security forces raided...
Analysis-‘Unknowns’ delay Tesla’s ramp-up of its own cutting-edge batteries
Date: July 21, 2022
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc is falling short of CEO Elon Musk’s target to make its own next-generation batteries, sparking questions over the top electric car maker’s ability to maintain its blistering expansion of auto production next year and beyond. Tesla said on Wednesday it would rely on suppliers to meet...
France sees slower growth stalling deficit reduction in 2023
Date: July 21, 2022
PARIS (Reuters) – French economic growth will slow sharply next year in the face of mounting geopolitical risks, pushing back improvement in the public sector budget deficit until afterwards, the Finance Ministry said on Thursday. Updating its long-term forecasts, the ministry said growth in the euro zone’s second-biggest economy was now expected to slow from...
Residents of captured Ukrainian port city try to survive among its ruins
Date: July 21, 2022
MARIUPOL, Ukraine (Reuters) – Fighting for control of this strategic Ukrainian port city ended two months ago with victory for Russia after thousands were killed and hundreds of thousands forced to flee. Many of those who are left in Mariupol now face a new battle: how to survive, said five residents interviewed by Reuters. The...
Roche diagnostics head to take helm of Swiss pharma giant
Date: July 21, 2022
By Ludwig Burger (Reuters) -Roche’s head of diagnostics, Thomas Schinecker, is to take over as group chief executive next year, replacing Severin Schwan, who will become chairman after rejuvenating the Swiss drugmaker’s suite of treatments. Chairman Christoph Franz will not seek re-election after nine years as non-executive board chairman at the next annual shareholder meeting...