JOHANNESBURG (Reuters) -South Africa’s rand strengthened against a weaker dollar on Thursday after the U.S. Federal Reserve signalled that it would pause its interest rate hiking path. The Fed on Wednesday raised interest rates by a widely expected 25 basis points (bps), but dropped language about “ongoing increases” being needed in favour of “some additional” …
By Marc Jones LONDON (Reuters) – World stock markets rose on Thursday as shares on Wall Street rallied, and Treasury yields fell, after investors took comfort that the Federal Reserve might pause its interest rate rises to offset the turmoil in financial markets. The gains in U.S stocks offset loses in Europe, where a post-Credit …
Stocks up, bond yields fall as markets mull Fed policy pause Read More »
SHANGHAI (Reuters) -A Chinese start-up inspired by lockdown isolation has invented a long-distance kissing machine that transmits users’ kiss data collected through motion sensors hidden in silicon lips, which simultaneously move when replaying kisses received. Â Â The MUA – named after the sound people commonly make when blowing a kiss – also captures and …
Chinese firm invents lockdown-inspired kissing machine for remote lovers Read More »
By Howard Schneider, Yoruk Bahceli and Akriti Sharma (Reuters) -The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks. Fed Chair Jerome Powell sought to reassure investors about …
U.S. Fed delivers small rate hike amid global banking turmoil Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares settled lower on Thursday, dragged by information technology stocks and financials, after the U.S. Federal Reserve reiterated its fight against inflation with a quarter-point rate hike even as it signalled that a pause in policy tightening could be near. After two sessions of gains, the Nifty 50 index …
IT, financials lead Indian shares lower after Fed rate hike Read More »
HONG KONG (Reuters) – China Evergrande Group’s long-awaited offshore debt restructuring proposals failed to address investor concerns about the property sector’s prospects, sending shares of rival developers lower on Thursday. Evergrande, which has been at the centre of China’s property sector crisis, on Wednesday announced restructuring proposals for its $22.7 billion worth of offshore debt, …
China property stocks fall after Evergrande debt revamp plan Read More »
NEW DELHI (Reuters) – India’s New Delhi, the world’s most polluted capital, is betting on expanding its fleet of electric buses and using more solar power in the next three years to improve the city’s air quality, its finance minister said on Wednesday. The local government said it wants a 27-fold increase in the number …
India’s capital bets on more e-buses, solar energy to curb pollution Read More »
By Andrew MacAskill, Alistair Smout and Michael Holden LONDON (Reuters) -A combative Boris Johnson fought for his political career on Wednesday, as the former British prime minister said “hand on heart” he did not lie to parliament over COVID-19 lockdown parties at a hearing with lawmakers. Parliament’s Committee of Privileges is investigating whether Johnson, who …
Boris Johnson says ‘I did not lie’ over lockdown parties Read More »
NAIROBI (Reuters) – Uganda’s parliament passed a bill on Tuesday making it a crime to identify as LGBTQ, handing authorities broad powers to target gay Ugandans who already face legal discrimination and mob violence. Same-sex relations are legal in only 22 of Africa’s 54 countries, and are punishable by death or lengthy prison terms in …
Factbox-Legal hurdles faced by LGBT+ people in Africa Read More »
By Steve Gorman LOS ANGELES (Reuters) -The latest burst of heavy, wind-blown rain and snow churned out of the Pacific into California on Tuesday, triggering scattered floods and mudslides, uprooting trees and leaving thousands of storm-weary residents under evacuation orders. Â Â Â The newest onslaught, arriving early on the second official day of spring, was concentrated …
Storm-weary California lashed with 12th ‘atmospheric river’ cloudbursts Read More »
