By Muvija M LONDON (Reuters) -More than 115,000 postal workers at Royal Mail have voted to strike over pay, trade union CWU said on Tuesday, putting them on course for what could be the biggest industrial action to hit Britain this summer. Rising infla…
Carrefour sells Taiwan business to Uni-President
(Reuters) – Carrefour has signed a deal to sell its 60% equity stake in Carrefour Taiwan to Uni-President, which will become the arm’s sole owner, the French retailer said on Tuesday. The transaction, which values Carrefour Taiwan at an enterprise valu…
Russia considers new budget rule, investment options, sources say
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW (Reuters) – Russia may reinstate the budget rule that diverts excess oil revenues into its rainy-day fund, setting a new cut-off oi…
Iran and Russia’s Gazprom sign primary deal for energy cooperation
LONDON (Reuters) – The National Iranian Oil Company (NIOC) and Russian gas producer Gazprom signed on Tuesday a memorandum of understanding worth around $40 billion, Iran’s oil ministry’s news agency SHANA reported. The deal was signed during an online…
UK jobless rate holds at 3.8% as jobs boom continues
LONDON (Reuters) -Britain’s unemployment rate held at 3.8% in the three months to May and the number of people in work rose by the most since the middle of 2021, suggesting the cost-of-living squeeze has not yet hit demand for staff, official figures s…
Russia strikes cities across Ukraine, gas supplies in focus
By Tom Balmforth and Max Hunder KYIV (Reuters) -Russian forces kept up their bombardment of cities across Ukraine, with intense shelling of Sumy in the north, cluster bombs targeting Mykolaiv and a missile strike in Odesa in the south, authorities said…
Amid COVID shutdowns, Chinese women flock to skateboarding
By Martin Quin Pollard BEIJING (Reuters) – Feeling cooped up by the Chinese capital’s partial COVID-19 lockdown earlier this year, which shut gyms, parks and other venues, Beijing resident Mina Zhao came across surfskating on social media and decided t…
IBM beats quarterly revenue estimates, warns of $3.5 billion forex hit
By Chavi Mehta (Reuters) -IT hardware and services company IBM Corp beat quarterly revenue expectations on Monday but warned the hit from forex for the year could be about $3.5 billion due to a strong dollar. A hawkish Federal Reserve and heightened ge…
Bolsonaro attacks Brazil’s election system in briefing for diplomats
By Anthony Boadle BRASILIA (Reuters) -President Jair Bolsonaro invited the diplomatic corps on Monday to hear his charges that Brazil’s election system was open to fraud ahead of October elections in which he is trailing in a bid for a second term. “Th…
France to announce details of EDF nationalisation
By Silvia Aloisi and Mathieu Rosemain PARIS (Reuters) – The French government will announce on Tuesday details of its plans to fully nationalise EDF, giving it greater control of Europe’s biggest nuclear power operator as the company grapples with an e…