How The Other Half Lives: Luxury Companies Thrive
While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes handbags as soaring prices leave wealthier people relatively unscathed.
If You Are High Risk, Do Not Wait For Updated COVID Vaccines, Experts Say
People at high risk of severe disease who have yet to get a second COVID-19 booster should not wait for next-generation, Omicron-targeted vaccines expected in the fall, five vaccine experts told Reuters.
Macron Counts On Saudi Prince To 'Ease' Ukraine War Effects
Macron counts on Saudi prince to 'ease' Ukraine war effects
Portugal's Economy Loses Momentum, Inflation Weighs On Consumption
Portugal's economy lost momentum in the second quarter after a very strong start to the year, with inflation at a three-decade high weighing on private consumption, official data showed on Friday.
Exxon Posts Record-breaking Second-quarter Profit
Exxon Mobil Corp on Friday posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending.
Euro Zone Growth, Inflation Accelerate, But Recession Looms Later In Year
The euro zone economy grew much faster than expected in the second quarter, but economists said it might be the economy's last hurrah before ever-higher inflation and supply chain problems cause a mild recession in the second half of the year.
UK Companies May Face 'Action' If They Downplay Climate Risk, Watchdogs Say
Some of Britain's top listed companies could be downplaying risks from climate change on their bottom line and could face "appropriate action", regulators said on Friday.
Italy's Ali Group Sees Shelter From Economic Storm In Welbilt Deal
Welbilt's exposure to the U.S. fast-food market will make new Italian owner Ali Group more resilient in a slowing global economy, while the deal will bring $100 million in cost savings, the chief executive of the catering equipment company told Reuters.
Chevron Says 'Can Do It All', After Record Profit And Buyback Lift
Chevron Corp posted its biggest quarterly earnings ever on Friday, built on strong fuel margins and high prices for natural gas and oil, and boosted its share buyback target.
Chevron Posts Record Profit On Surging Prices, Lifts Buyback Guidance
Chevron Corp posted its biggest quarterly earnings ever on Friday, built on strong fuel margins and high prices for natural gas and oil, and boosted its share buyback target.
Chevron Posts Record Profit, Lifts Buyback Guidance
Chevron Corp increased its share buyback guidance on Friday after posting its biggest quarterly earnings ever, built on strong fuel margins and high prices for natural gas and oil.
Pope Again Asks For Forgiveness As Tour Ends In Canada's North
Pope Francis again asked for forgiveness after meeting on Friday with residential school survivors in the Arctic territory of Nunavut, the last stop in his six-day visit to Canada to apologize to indigenous people for abuse in government schools run by the Roman Catholic Church.
How Spirit Airlines CEO Christie Did His JetBlue Deal U-turn
Spirit Airlines Inc Chief Executive Ted Christie had been dismissive of the possibility that regulators would allow his low-cost U.S.
Ultra-fast Fashion Charms Young Despite Damaging Environment
Ultra-fast fashion charms young despite damaging environment
Japan Eyes Response To FX Moves As Item For Consideration In FY23 Budget
Japan has included measures to respond to currency moves as items for consideration in its fiscal 2023 budget to be drawn up late this year, the budget guideline showed on Friday, in a sign of a warning to investors against selling the yen.
Japan Sticks To Projection Of Balancing Budget By FY2026
Japan kept the expected timing for achieving a primary balance surplus unchanged at fiscal 2026, suggesting that the government will not meet its goal of realising a surplus by fiscal 2025 despite rising tax revenues.
Soldiers In Civilian Areas: A Touchy Topic In Ukraine
Soldiers in civilian areas: A touchy topic in Ukraine
Amapiano Stars Put South African Dance Music On The Map
South African musical export Amapiano has crossed borders and cultural barriers, reaching as far as Japan.
Exclusive-Brazil Federal Police Warned Against Bolsonaro Arms Agenda, Documents Show
As President Jair Bolsonaro has aggressively sought to boost gun ownership in Brazil, documents obtained by Reuters reveal one key source of resistance to his agenda: his own federal police.
China To Resume Visa Issuance To Afghans, Exempt Afghan Imports From Tax
China will resume issuing visas to Afghans from August 1 and allow 98% of Afghan imports to enter tax free, the Chinese foreign ministry said on Friday.
At Least Four Shot Dead In Guinea Protest, Opposition Group Says
At least four people were shot dead and several wounded during a second day of anti-government protests in Guinea's capital Conakry on Friday, an opposition coalition said.
One Shot Dead In Guinea Protest, Opposition Group Says
At least one person was shot dead and several wounded during violent anti-government protests in Guinea's capital on Thursday, an opposition coalition said.
Turkey To Forge On With Selective Loan Policy Despite Backlash -sources
Turkey will stick to policies that allow only net exporters to access cheap lira loans and may toughen rules further despite a backlash from companies as it works to support its ailing currency, according to three people familiar with the plan.
European Shares Climb On Earnings Cheer, GDP Data; STOXX Logs Best Month Since Nov 2020
European shares rose on Friday and logged their first monthly gain in four as a host of strong earnings from corporate Europe overshadowed fears of a global recession, with some strong economic data also lending support.
Mystical Water Underworld Of Past Empires Reopens In Istanbul
Mystical water underworld of past empires reopens in Istanbul
Tug-of-war: Ukraine Celebrates Its Tank-towing Farmers
Tug-of-war: Ukraine celebrates its tank-towing farmers
Japan's Sumitomo Mitsui Reports Q1 Profit Jump, Mizuho Suffers Drop
Japan's Sumitomo Mitsui Financial Group Inc reported a bigger-than-expected increase in first-quarter net profit thanks to improved economic conditions, while higher credit costs weighed on rival Mizuho Financial Group Inc.
Hustling In Lagos To 'Survive In Hell'
Hustling in Lagos to 'survive in hell'
'Embrace The Uncertainty' From Less Central Bank Guidance - Former Fed Officials
Investors and policymakers should welcome the Federal Reserve's changing tack to provide less definitive signals on forward guidance, even as markets scramble to guess the U.S.
AstraZeneca Lifts Revenue Guidance On COVID Treatment
AstraZeneca said it expected prescriptions of its Evusheld injection to protect against COVID-19 to drive sales growth of more than 20% after the company on Friday posted second-quarter profit that topped analyst expectations.