Author Archives: Syndicated Content
Russian services sector contracts in April as sanctions weigh - PMI
(Reuters) - Russia's service sector activity shrank in April for the second month in a row, hurt by weak client demand and a drop in new orders as sanctions dented customer purchasing power, a busines...
May 06, 2022
Heat adds to despair of Indian women after decades of daily treks for water
By Ritesh Shukla HINAUTI, India (Reuters) - India's scorching summer heat adds new risks this year to an energy-sapping challenge that tribal woman Munni Adhivasi has surmounted every day for two deca...
May 06, 2022
Tesla aims to run two shifts at Shanghai plant from May 16 - Memo
SHANGHAI (Reuters) - Tesla is aiming to run two shifts at its Shanghai plant from May 16, an internal memo seen by Reuters said, which would enable the U.S. carmarker to bring factory output back to l...
May 06, 2022
Adidas lowers 2022 expectations amid China lockdowns
BERLIN (Reuters) - Adidas on Friday lowered expectations for 2022 revenue and net income targets as renewed COVID-19-related lockdowns in Greater China continued to hit the German sportwear company. T...
May 06, 2022
Indian opposition seeks higher compensation for COVID deaths after damning WHO report
By Krishna N. Das NEW DELHI (Reuters) - India's main opposition Congress party on Friday demanded a hefty rise in compensation for the families of those who died of COVID-19, after the World Health Or...
May 06, 2022
Indian court lifts block on $725 million of Xiaomi's assets in royalty case - sources
By Aditya Kalra NEW DELHI (Reuters) - An Indian court has put on hold a federal enforcement agency's decision to seize $725 million from local bank accounts of China's Xiaomi Corp for suspected violat...
May 06, 2022
ECB must quickly raise key rates, says head of Germany's Ifo institute
BERLIN (Reuters) - The European Central Bank must quickly raise interest rates in line with the United States, given high inflation in the euro zone, the head of Germany's Ifo institute told the Augsb...
May 06, 2022
ING reports $452 million Q1 profit, earnings hit by provisions at wholesale arm
AMSTERDAM (Reuters) - ING Groep NV, the largest Dutch bank, reported on Friday worse-than-expected first quarter net income of 429 million euros ($452 million), including provisions of 885 million eur...
May 06, 2022
Explainer: Why are U.S. natural gas prices soaring?
(Reuters) - U.S. natural gas prices are surging, with the benchmark futures contract rising to a 13-year high of $8.74 per million British thermal units, at a time when that fuel's price tends to dip ...
May 06, 2022
U.S. fuel prices surge faster than crude as exports tighten market
By Stephanie Kelly NEW YORK (Reuters) - U.S. fuel prices have surged faster than crude oil prices in the last month, as the United States has shipped more refined products abroad to supply European ma...
May 06, 2022
