By Karen Brettell NEW YORK (Reuters) – The dollar fell on Friday as investors evaluated how high the Federal Reserve is likely to raise interest rates by when it meets later this month and as investors took profits after a strong rally that sent the gr…
Amazon acts to end EU antitrust investigations, avoid fine
By Foo Yun Chee BRUSSELS (Reuters) -Amazon has offered to halt online selling and marketing practices EU antitrust regulators regard as anti-competitive to try to end two investigations and avoid a possible hefty fine, ahead of EU rules that will targe…
Sri Lankan president hands in resignation after fleeing to Singapore
By Uditha Jayasinghe, Alasdair Pal and Chen Lin COLOMBO/SINGAPORE (Reuters) – Sri Lankan president Gotabaya Rajapaksa submitted a letter of resignation on Thursday, a spokesperson for the parliament speaker said, hours after fleeing to Singapore follow…
UK police investigate after Mo Farah says he was child trafficking victim
(This July 14 story corrects to state Farah was enrolled at two primary schools and attended Feltham Community College at 11) LONDON (Reuters) – London’s Metropolitan Police said it had opened an investigation after multiple Olympic and world champion …
SAS says pilots strike a risk to its survival as talks resume
By Johan Ahlander and Stine Jacobsen STOCKHOLM (Reuters) -SAS said on Thursday a pilot strike now in its 11th day threatened the airline’s ability to access bridge financing without which it may be forced to radically downsize or could collapse. SAS an…
Larger German 2022 wheat and rapeseed crops forecast
HAMBURG (Reuters) – Germany’s 2022 wheat crop will increase 5.3% on the year to 22.51 million tonnes, the country’s association of farm cooperatives said in its latest harvest estimate on Thursday. The association forecast Germany’s 2022 winter rapesee…
UK’s Sunak says inflation, not tax cuts, are priority
LONDON (Reuters) – British former finance minister Rishi Sunak said his first economic priority if he becomes prime minister will be tackling inflation, not the tax cuts pledged by some of his rivals in the race to replace Boris Johnson. “I think our n…
European shares fall, Italian stocks slide on political worries
(Reuters) – European shares fell on Thursday, hurt by rising bets of more aggressive rate hikes by the Federal Reserve after a sharp spike in U.S. inflation, while Italy’s main index tumbled 1% as the country’s government faces collapse. The pan-Europe…
FTSE 100 slips after U.S. inflation scare; Playtech tumbles
(Reuters) – UK shares inched lower on Thursday as investors worried about the prospect of a more aggressive monetary policy by central banks to curb inflation, while Playtech slumped after TTB Partners dropped plans to bid for the gambling software mak…
Tesla’s AI director leaving company after 4-month sabbatical
San Francisco (Reuters) – Andrej Karpathy, director of artificial intelligence at Tesla Inc who has been on a four-month sabbatical, said on Wednesday that he is leaving the company. “It’s been a great pleasure to help Tesla towards its goals over the …