WASHINGTON (Reuters) – U.S. producer prices increased more than expected in May amid a surge in the cost of meat, but the underlying trend in producer inflation remained subdued. The Labor Department said on Thursday its producer price index for final demand rebounded 0.4% last month after plunging 1.3% in April, which was the biggest […]
LONDON (Reuters) – A new European Union law requiring closer scrutiny of foreign clearing houses used by customers from the bloc has been simplified after the United States threatened retaliation. The law was triggered by Britain’s departure from the bloc as the London Stock Exchange’s (LSE.L) LCH clearing house clears the bulk of interest rate […]
BEIJING (REUTERS) – China is offering candidate vaccines for the new coronavirus to employees at state-owned firms travelling overseas, as it seeks more data on their efficacy, state media Global Times reported on Thursday (June 11). No proven vaccines have been developed yet for the virus, although mass trials for a number of candidate vaccines […]
BEIRUT (Reuters) – Lebanon could have recently had an oil tanker seized by Eurobond holders because of its stinging debt crisis and the government was taking steps to avoid such risks in future, the energy minister said on Thursday. Lebanon plunged into a $31 billion sovereign default in March, saying it needed to preserve dwindling […]
BANGKOK (BLOOMBERG) – Thailand said a number of countries, including China and Japan, are interested in discussions about travel bubbles, as the nation considers protocols for the eventual return of foreign tourists. Pacts to make travel easier during the Covid-19 era are due to be discussed at an Asean meeting due on June 26, Mr […]
LONDON (Reuters) – For once, economists are united on one thing: official data on Friday will show that Britain’s economy suffered a record collapse during April’s coronavirus lockdown. The question is, how big was the hit? There was an unprecedented range of views in the latest Reuters poll of more than two dozen economists, with […]
NEW DELHI (REUTERS) – India has turned down a travel request for members of a US government panel seeking to review its religious freedom, saying such foreign agencies had no standing to assess the constitutional rights of citizens. Since taking power in 2014, the Indian government has faced criticism for attacks on Muslims and the […]
BENGALURU (REUTERS) – India has lifted an export ban on hydroxychloroquine, the anti-malarial drug touted by US President Donald Trump as a potential “game changer” in the fight against the Covid-19 pandemic, a minister said late on Wednesday (June 10). “Department of Pharmaceuticals has approved the lifting of ban on Export of Hydroxychloroquine API as […]
Good morning! Here are our top stories to kick-start your Thursday, June 11. Young people can set themselves up for success by turning ‘anxiety into action’: DPM Heng “We are determined that there will be no ‘lost generation’ in Singapore as a result of Covid-19,” he said. READ MORE HERE Repeat test of 6 infected […]
(Reuters) – Rupert Murdoch’s News Corp (NWSA.O) will need to cut jobs in its British newspaper and radio operations as part of a business review aimed at reducing costs, News UK Chief Executive Rebekah Brooks said in a letter to staff on Wednesday. “In the coming months, we will need to streamline the business and […]