UK's Treasury chief accepts that recession may be necessary to get inflation down
Britain’s Treasury chief says he would be prepared to see the British economy slip back into recession if further interest rate hikes are necessary to bring down inflation
2023-05-26 21:47
Stock market today: Tech lead more gains in early trading on Wall Street
Stocks are opening higher on Wall Street, led by more gains in technology stocks as another chipmaker reported strong demand related to artificial intelligence
2023-05-26 21:46
Credit Suisse owes millions to Georgia's billionaire ex-prime minister, court says
A Singapore court says Credit Suisse owes billionaire and former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect his money in a trust pilfered by a manager
2023-05-26 21:28
After yearslong delay, DEA revokes license of wholesale drug distributor over opioid crisis failures
The U.S. Drug Enforcement Administration has stripped one of the nation’s largest pharmaceutical distributors of its license to sell highly addictive painkillers after determining it failed to flag thousands of suspicious, high-volume orders at the height of the opioid crisis
2023-05-26 21:23
US consumer spending beats expectations in April; inflation picks up
WASHINGTON (Reuters - U.S. consumer spending increased more than expected in April, boosting the economy's growth prospects for the second
2023-05-26 20:56
A measure of inflation that is closely tracked by the Federal Reserve increased in April
A key index of U.S. prices ticked higher in April as consumer spending rebounded, a sign that inflationary pressures in the economy remain high
2023-05-26 20:51
Russia says Ukraine attacks border regions; Moscow's forces strike Dnipro clinic
Authorities say Russia’s southern Belgorod region that borders Ukraine has come came under attack from Ukrainian artillery fire
2023-05-26 19:23
Court says Hugh Grant's lawsuit alleging illegal snooping by The Sun tabloid can go to trial
A London court has rejected an attempt by the publisher of The Sun newspaper to throw out a lawsuit by actor Hugh Grant alleging that journalists and investigators it hired illegally snooped on him
2023-05-26 19:22
Pro-government rally planned in Serbia amid growing discontent after mass shootings
Tens of thousands of people are expected in the Serbian capital for a rally in support of President Aleksandar Vucic
2023-05-26 18:29
Regulators take aim at AI to protect consumers and workers
As concerns grow over increasingly powerful artificial intelligence systems like ChatGPT, the nation’s financial watchdog says it’s working to ensure that companies follow the law when using AI
2023-05-26 17:26
Insurers flee climate alliance after ESG backlash in the U.S
By Tommy Wilkes, Alexander Hübner and Tom Sims LONDON/FRANKFURT (Reuters) -A United Nations-convened climate alliance for insurers suffered at least
2023-05-26 17:25
South Korean passenger plane flies with open door, lands safely
Asiana Airlines and government officials say a passenger opened a door on a flight that later landed safely at a South Korean airport
2023-05-26 15:17