Hungary PM Orban warns of “era of recession” in Europe
By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) – Hungarian Prime Minister Viktor Orban on Monday raised the spectre of an “era of recession” in Europe as the continent grapples with surging energy costs and rising inflation due to the war in Ukraine.
Trumps Truth Social posts will have to wait before reposts on other platforms
(Reuters) – Donald Trump will have to wait for six hours before reposting his messages from social media platform Truth Social on other platforms, a regulatory filing revealed on Monday.
Column-‘TINA’ still driving hedge funds bullish dollar view: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) – Being long dollars will no doubt become an overcrowded trade at some point and a reversal will ensue, but for hedge funds right now, there is no alternative.
Bezos and White House battle over taxes and inflation
WASHINGTON (Reuters) – The White House on Monday attacked Jeff Bezos for comments criticizing President Joe Biden for saying his plan to tax the rich would lower consumer costs, as a war of words between the Amazon.com Inc founder and the administration escalated.
Feds Williams: MBS sales could be an option down the road
(Reuters) – New York Federal Reserve Bank President John Williams said on Monday selling mortgage-backed securities could be an option for the central bank to consider down the road in its goal to orient its balance sheet largely around holdings of Treasuries.
Chevron says world‘s largest carbon capture project has ’a ways to go to meet goals
By Sonali Paul MELBOURNE (Reuters) – Chevron Corps Gorgon carbon capture and storage (CCS) project in Australia is working at only half its capacity nearly three years after starting up and the company has no timeframe for delivering on targets it has so far failed to
Analysis-Egypt faces sharp rise in costs to finance proposed $30 billion deficit
By Patrick Werr CAIRO (Reuters) – Higher interest rates, a weak currency and broader investor wariness of emerging markets suggest Egypt could pay steeply to finance a projected $30 billion budget deficit for the financial year starting in July.
S.Africas central bank places Ubank under curatorship, governor says
JOHANNESBURG (Reuters) – South Africas central bank said on Monday it has placed lender Ubank under a curatorship, with immediate effect.
Starbucks to add abortion travel coverage to U.S. health benefits
(Reuters) -Starbucks Corp will reimburse U.S. employees if they must travel more than 100 miles from their homes to obtain an abortion, according to a memo sent to employees on Monday.
TIM clears first hurdle in securing state guarantees for $3.1 billion loan – sources
ROME (Reuters) – Italian credit export agency SACE has approved state guarantees for a bank credit line worth up to 3 billion euros ($3.1 billion) for Telecom Italia (TLIT), two sources close to the matter told Reuters on Monday.
U.S. Supreme Court to hear SEC bid to avoid challenge to in-house judges
By Andrew Chung (Reuters) – The U.S. Supreme Court on Monday agreed to hear the Securities and Exchange Commissions bid to block a challenge to the constitutionality of its in-house tribunal brought by a Texas accountant who the agency punished after faulting her audits of publicly
Latvian minister resigns after commemoration of Soviet wartime victory
By Andrius Sytas VILNIUS (Reuters) – Latvia‘s interior minister resigned on Monday under pressure from the ruling coalition which criticized the police for failing to ban the country’s Russian speakers from commemorating earlier this month the Soviet Unions victory in World War Two.
Peloton, NordicTrack maker iFit settle all litigation
NEW YORK (Reuters) – Peloton Interactive Inc and NordicTrack maker iFit said on Monday they have reached a comprehensive settlement to end all pending litigation between them, and that the litigation will be dismissed.
Russias Jan-April current account surplus more than triples to $96 billion
(Reuters) – Russia ran a current account surplus of $95.8 billion in the first four months of 2022, up from $27.5 billion in the same period last year, central bank data showed on Monday.
Sri Lanka needs $75 million in next few days for essential imports – PM
COLOMBO (Reuters) – Sri Lankas prime minister said on Monday the country needed to secure $75 million in foreign exchange in the next few days to pay for essential imports, as the country suffers from shortages of fuel and medicine.
Kenya presidential contenders pick rights champion, political campaigner as running mates
By George Obulutsa and Duncan Miriri NAIROBI (Reuters) – Kenya‘s top two presidential candidates have announced their running mates, with veteran contender Raila Odinga opting for a champion of women’s rights and social justice and his rival William Ruto choosing a skilled political campaigner.
Return of the Moskvich: Russia to revive ‘legendary’ Soviet-era car after Renault exit
(Reuters) – A Soviet-era car brand the “Moskvich” could make a surprise comeback in Russia, as Moscow takes over assets belonging to Renault following the French carmakers exit from the country.
Remittances from Egyptians abroad in March up 12.8% yr/yr
CAIRO (Reuters) – Remittances from Egyptians working abroad in March increased 12.8% to about $3.3 billion versus $2.9 billion a year earlier, the central bank said in a statement on Monday.
ISS recommends McDonalds shareholders back management directors in fight with Icahn
BOSTON (Reuters) – Proxy advisory firm Institutional Shareholders Services on Monday recommended that McDonald‘s Corp shareholders vote for the company’s directors instead of the two candidates activist investor Carl Icahn has proposed.
Brazils govt debt falls to 78.5% of GDP in March
BRASILIA (Reuters) – Brazils government debt as a share of gross domestic product fell to 78.5% in March from 79.2% in February, central bank figures showed on Monday.