By Sachin Ravikumar LONDON (Reuters) -One of Britain’s biggest miscarriages of justice, the wrongful conviction of hundreds of Post Office workers due to faulty software, has exploded into the public domain following a TV drama, triggering demands for justice. In a more than 20-year scandal, some postal workers were sent to prison and others lost …
By Karen Brettell NEW YORK (Reuters) -The dollar gained on the yen but dipped against the euro on Wednesday as investors waited on U.S. inflation data for fresh clues on when the Federal Reserve is likely to begin cutting interest rates. In cryptocurrencies, bitcoin seesawed in a range after news that Securities and Exchange Commission …
Dollar gains on yen, bitcoin muted after SEC approves ETFs Read More »
By Joe Cash BEIJING (Reuters) – China and the Maldives upgraded their relationship on Wednesday during newly elected President Mohamed Muizzu’s first state visit to Beijing, following a campaign in which he cast China’s regional rival India as a threat to sovereignty. Chinese President Xi Jinping, speaking at the Great Hall of the People, called …
Maldives upgrades ties with China amid pivot from India Read More »
(Reuters) -Amazon.com will lay off several hundred employees in its streaming and studio operations, it said in an internal note on Wednesday as companies extend their massive job cuts over the past two years into 2024. The staff facing exit at Prime Video and Amazon MGM Studios in the Americas will be informed on Wednesday …
Amazon to lay off several hundred staff in Prime Video, Studios Read More »
By Anushree Ashish Mukherjee (Reuters) – Gold prices eased on Wednesday ahead of U.S. inflation data that could shape the Federal Reserve’s outlook on interest rate cuts this year, although a softer dollar kept a floor under prices. Spot gold was down 0.4% at $2,021.39 per ounce by 2:25 p.m. ET (1925 GMT). U.S. gold …
Gold subdued as traders gear up for US inflation print Read More »
By Lamine Chikhi and Sabrina Valle ALGIERS/HOUSTON (Reuters) -U.S. oil producer Exxon Mobil confirmed on Wednesday that it is in talks with Algeria’s national state-owned oil company Sonatrach about oil and gas exploration opportunities in the North African country. Algerian Energy Minister Mohamed Arkab said on Tuesday that a deal is expected to be reached …
Exxon Mobil says in talks with Algeria to explore oil and gas Read More »
By Shubham Batra and Sruthi Shankar (Reuters) – Britain’s FTSE 100 fell on Wednesday, with Sainsbury’s sliding after the supermarket group disappointed investors who expected a profit upgrade, while insurers tumbled after a media report suggested regulators could decide to investigate premium finance products. The blue-chip FTSE 100 slid 0.4%, with shares of Sainsbury’s dropping …
UK’s FTSE 100 slips as Sainsbury’s, insurers weigh Read More »
By Aditya Kalra and Krishn Kaushik GANDHINAGAR, India (Reuters) – Ukrainian leaders pitched for India to help rebuild its war-ravaged economy on Wednesday at a business summit organised by India primarily to seek inward global investment. Suggesting that Ukraine’s recovery would be “a win-win for Ukraine and international partners,” Kyiv’s deputy economy minister Volodymyr Kuzyo …
Ukraine seeks Indian investments to reconstruct war-hit economy Read More »
By Aditi Shah, Dhwani Pandya and Sumit Khanna GANDHINAGAR, India (Reuters) – India’s Prime Minister Narendra Modi touted his country’s economic prospects at a business summit in his home state of Gujarat on Wednesday as several big firms unveiled investment plans worth nearly $33 billion. His pitch comes just months before national elections, in which …
India’s Modi woos investors at business summit as firms make spending pledges Read More »
JOHANNESBURG (Reuters) -South Africa’s rand took a breather on Wednesday after declining since the start of the week as traders awaited U.S. inflation data due on Thursday. At 1539 GMT, the rand traded at 18.7000 against the dollar, unchanged from its previous close. The dollar was last down around 0.07% against a basket of global …
South African rand unchanged ahead of US inflation data Read More »
