By Scott DiSavino NEW YORK (Reuters) -Oil prices slid about 1% to a two-week low on Thursday on increased worries the U.S. Federal Reserve may go too far with its interest rate hikes to control inflation, which could cause a recession and reduce future oil demand. The U.S. central bank uses higher interest rates to …
Oil prices slip 1% to two-week low on recession worries Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar dipped on Thursday after data showed U.S. jobless claims rose more than expected last week, raising hopes that a softening labor market will reduce the likelihood of the Federal Reserve reaccelerating the pace of its rate hikes. Initial claims for state unemployment benefits rose 21,000 to …
Dollar dips as jobless claims rise more than expected Read More »
By Bharat Gautam (Reuters) – Gold jumped on Thursday as the dollar retreated, after data showed U.S. jobless claims grew more than expected last week, providing some hope to investors that the Federal Reserve’s interest rate hikes could be less aggressive than feared. Spot gold gained 1.1% to $1,832.75 per ounce, as of 2:19 p.m. …
Gold climbs 1% as U.S. jobs data soothes investors Read More »
By Alistair Smout LONDON (Reuters) – The British government plans to play a bigger role in tackling unfair trade practices, it said on Thursday, reducing the role of an independent body set up after Brexit to adjudicate trade disputes. The Trade Remedies Authority (TRA) was established in 2021 to exercise Britain’s new powers to police …
UK govt to take bigger role in tackling unfair trade practices Read More »
By Susan Mathew and Shristi Achar A (Reuters) -London’s FTSE 100 closed lower on Thursday amid investor caution over higher U.S. interest rates, with mining stocks leading the falls as metal prices dropped due to a stronger dollar. The blue-chip internationally-focused FTSE 100 index fell 0.6%, and the mid-cap index lost 0.8%, extending losses for …
UK stocks slip as investors weigh prospects of more U.S. rate hikes Read More »
By Camillus Eboh ABUJA (Reuters) – A Nigerian judge on Wednesday refused a request by one opposition candidate who lost last month’s presidential election to stop the electoral body from reconfiguring a voting system for state elections on Saturday. Opposition challenger Peter Obi of the Labour Party said a reconfiguration will destroy the evidence for …
KAMPALA (Reuters) -Uganda’s parliament on Thursday took up a bill that would criminalise identifying as LGBTQ, with lawmakers saying the current ban on same-sex relations does not go far enough. Anti-LGBTQ sentiment is deeply entrenched in the highly conservative and religious East African nation, with same-sex relations punishable by up to life in prison. More …
Uganda considers bill to criminalise identifying as LGBTQ Read More »
By Sarah N. Lynch and Rachael Levy WASHINGTON (Reuters) – Top animal welfare officials at the U.S. Department of Agriculture (USDA) were subpoenaed last year by a federal grand jury seeking to establish why they took no action against animal research breeder Envigo, despite repeatedly documenting the mistreatment of thousands of beagles, according to several …
By Suban Abdulla LONDON (Reuters) – The British Chambers of Commerce (BCC) forecast on Wednesday that the country’s economy is on track to shrink less than expected this year and avoid the two quarters of negative growth which mark a technical recession. The brighter outlook chimed with other measures of Britain’s economy including purchasing managers’ …
UK to avoid recession this year but outlook still weak, BCC says Read More »
By Mei Mei Chu, Rozanna Latiff and A. Ananthalakshmi KUALA LUMPUR (Reuters) – Malaysia’s anti-corruption agency on Thursday said it would charge former Prime Minister Muhyiddin Yassin with multiple counts of corruption, a move that he called political persecution. The charges come just three months after Muhyiddin lost a closely fought general election to Anwar …
Malaysia’s ex-PM Muhyiddin to face multiple graft charges Read More »
