Sterling falls as BoE expects recession, US futures up

Sterling falls as BoE expects recession, US futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilized after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro … Read more

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

Staff work inside a non woven filter fabric factory, where the fabric is used to make surgical face masks, in Taoyuan, Taiwan, March 30, 2020. REUTERS/Ann Wang/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON/LONDON, Aug 1 (Reuters) – Factories across the United States, Europe and Asia struggled for momentum in July … Read more

World stocks eye best month since late 2020, dollar slips

World stocks eye best month since late 2020, dollar slips

MSCI World index up 0.3%; nearly 6% for the month Dollar down 0.5% against a basket of major peers Markets bet US slowdown to temper rate tightening LONDON/SINGAPORE, July 29 (Reuters) – Global stocks rose on Friday, on course for their best month since late 2020 as traders bet a weakening US economy could slow … Read more

India blocks Krafton’s game under law it has used to ban China apps-source

India blocks Krafton's game under law it has used to ban China apps-source

A Google sign is pictured outside the Google office in Berlin, Germany, August 31, 2021. REUTERS/Annegret Hilse/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI, July 29 (Reuters) – India blocked a popular battle-royale format game from Krafton Inc (259960.KS)a South Korean company backed by China’s Tencent (0700.HK)using a law it … Read more

Protest over 15th-century land grab doctrine interrupts papal Mass in Canada

Protest over 15th-century land grab doctrine interrupts papal Mass in Canada

People hold a banner as Pope Francis presides over a mass at the Shrine of Sainte-Anne-de-Beaupre, one of the oldest and most popular pilgrimage sites in North America, in Sainte-Anne-de-Beaupre, Quebec, Canada July 28 , 2022. The banner reads: “Rescind the doctrine”. REUTERS/Guglielmo Mangiapane Register now for FREE unlimited access to Reuters.com Register July 28 … Read more

Myanmar executes four democracy activists, drawing condemnation and outrage

Myanmar executes four democracy activists, drawing condemnation and outrage

Executed include democracy figure, former lawmaker Activists had been sentenced in Jan after closed-door trial UN Myanmar special rapporteur ‘outraged and devastated’ July 25 (Reuters) – Myanmar’s military junta on Monday said it had executed four democracy activists accused of helping to carry out “terror acts” in the Southeast Asian nation’s first executions in decades, … Read more

Three dead in graduation shooting at top Philippines university

Three dead in graduation shooting at top Philippines university

Former southern Philippines mayor killed – city police chief President Marcos pledges to bring justice MANILA, July 24 (Reuters) – Three people died in a shooting at a university graduation ceremony in the Philippines’ capital region on Sunday, including a former mayor from the volatile south of the country, police said. Local Quezon City police … Read more

World Court says it has jurisdiction, Myanmar genocide case to proceed

World Court says it has jurisdiction, Myanmar genocide case to proceed

Court rules case brought by Gambia can proceed Any full hearing could take years Myanmar denies genocide THE HAGUE, July 22 (Reuters) – The World Court on Friday rejected Myanmar’s objections to a genocide case over its treatment of the Muslim Rohingya minority, paving the way for the case to be heard in full. Myanmar, … Read more

Oil falls on lackluster US summer gasoline demand

Oil falls on lackluster US summer gasoline demand

Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register US crude stocks dip, gasoline builds as demand slackens – EIA Canada export Keystone pipeline at reduced rates for third day Central bank … Read more

World shares hit three-week high on easing recession fears

World shares hit three-week high on easing recession fears

European stocks steady, US futures up 0.4% Asian stocks rise 1%, Nikkei up 2.67% Oil rallies more than $1 a barrel LONDON/BEIJING, July 20 (Reuters) – World shares hit a three-week high on Wednesday as strong US corporate earnings and the expected resumption of Russian gas supply to Europe allayed fears of a recession, though … Read more