By Samuel Shen and Liz Lee SHANGHAI (Reuters) -China’s tourism rebounded to pre-COVID 19 levels in the May Day holiday as the number of domestic trips rose by more than two-thirds from a year earlier, government data showed on Wednesday, a welcome boost for the world’s second-biggest economy. If sustained, a recovery in the service …
China’s holiday tourism rebound to pre-COVID levels boosts outlook Read More »
By Jonathan Stempel and Jack Queen NEW YORK (Reuters) -E. Jean Carroll, the writer accusing Donald Trump of rape and defamation, on Monday denied making up her claims to drive publicity for her memoir. Testifying in Manhattan federal court after the judge denied Trump’s request for a mistrial, Carroll said she wasn’t seeking attention through …
Trump accuser defends rape claim after judge rejects Trump’s mistrial request Read More »
By Philbert Girinema KIGALI (Reuters) -Flooding and landslides triggered by heavy rain have killed at least 129 people in Rwanda and six in Uganda, authorities said on Wednesday, as rescuers hunted survivors trapped in homes. In chaotic scenes after weeks of rain in the region, one video clip posted by the state-owned Rwanda Broadcasting Agency …
Heavy rain, floods kill at least 136 in Rwanda and Uganda Read More »
By Dawit Endeshaw ADDIS ABABA (Reuters) – Ethiopia will issue up to five banking licenses to foreign investors in the next five years, part of plans to open up the financial services sector to foreign competition, a senior central bank official said on Wednesday. Prime Minister Abiy Ahmed’s government has promised to open up sectors …
Ethiopia to offer up to five banking licenses to foreign investors Read More »
(Corrects firm name to RBC Wealth Management from RBC Portfolio Advisory Group in paragraph 5) By Sinéad Carew NEW YORK (Reuters) – MSCI’s gauge of stock markets around the world was advancing but trading was choppy on Wednesday while U.S. Treasury yields and the U.S. dollar steepened declines after the U.S. Federal Reserve raised interest …
(Reuters) – Myanmar’s military government on Wednesday pardoned more than 2,000 prisoners, state media reported, among them a journalist and what activists and media said were numerous political detainees. State television MRTV said 2,153 prisoners convicted of incitement were pardoned to mark a Buddhist holiday and warned they would be arrested and given additional sentences …
Political prisoners among 2,000 pardoned by Myanmar junta Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday after the Federal Reserve raised interest rates by a quarter of a percentage point and signaled it may pause further increases. In an overt shift, the central bank no longer said it “anticipates” further rates will be needed, only that it will watch …
Dollar holds losses after Fed hikes, signals pause Read More »
By James Oliphant WASHINGTON (Reuters) -Republican Florida Governor Ron DeSantis had counted on a productive state legislative session this spring to turbocharge his coming 2024 presidential bid. Things haven’t quite worked out that way. As the two-month session draws to a close this week, DeSantis is arguably in worse political shape than he was when …
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell 4% on Wednesday, extending steep losses from the previous session after the U.S. Federal Reserve raised interest rates and as investors fretted about the economy. Brent futures settled $2.99 lower, or 4%, to $72.33 a barrel, the global benchmark’s lowest close since December 2021. Brent hit …
Oil falls 4%, extending losses after Fed rate hike Read More »
By Arpan Chaturvedi and Tanvi Mehta NEW DELHI (Reuters) – Before the COVID-19 pandemic, Go Airlines (India) Ltd said it was one of the few profitable airlines in a country that is known for its staunchly price-conscious customers, a market where two big players have collapsed in the last 11 years. The company’s ultra-low-cost model …
Go First gone: engine troubles, COVID bring down India’s third-largest airline Read More »
