Rupee likely to open higher after Fed, local equities in focus

MUMBAI, Feb 2 (Reuters) – The Indian rupee is expected to open stronger on Thursday, as markets perceived the US Federal Reserve to be a bit dovish, with investors keeping an eye on domestic equities after late developments in the Adani saga. The rupee was seen around 81.70 per US dollar in early trades, compared … Read more

UK’s teachers and civil servants join mass strike on ‘Walkout Wednesday’

Up to 500,000 people expected to join UK strikes Government says big pay rises will fuel inflation Schools shut, most trains not running More strikes involving health workers due next week LONDON, Feb 1 (Reuters) – Up to half a million British teachers, civil servants, and train drivers walked out over pay in the largest … Read more

US seeks Tesla driver-assist documents; company hikes capex forecast

WASHINGTON, Jan 31 (Reuters) – Tesla Inc (TSLA.O) disclosed on Tuesday it had received requests from the US Justice Department for documents related to its Full Self-Driving and Autopilot driver-assistance systems as regulatory scrutiny intensifies. Reuters reported in October Tesla is under criminal investigation over claims that the company’s electric vehicles could drive themselves. The … Read more

Emerging markets growth slowdown bottomed out in 2022, but risks remain -IMF

NEW YORK, Jan 30 (Reuters) – The International Monetary Fund on Monday raised its output growth estimate on emerging markets for this year, with projections now showing the economic slowdown in the region may have bottomed out in 2022, on the back of China reopening , a resilient India and unexpected growth in Russia. On … Read more

UK regional airline Flybe ceases trading, cancels all flights

Collapses for the second time in three years 276 workers made redundant by administrators About 75,000 customers had future bookings Hurt by delayed delivery of aircraft Rivals seeing rebounding demand LONDON, Jan 28 (Reuters) – British regional airline Flybe on Saturday ceased trading for the second time in three years, with all flights canceled and … Read more

Five ex-Memphis police officers charged with murder in the death of Tire Nichols

Jan 26 (Reuters) – Five former Memphis police officers were charged on Thursday with murder in the death of a Black motorist, Tire Nichols, from injuries he sustained in a violent encounter following a traffic stop, prosecutors said. Nichols, a 29-year-old father, died while hospitalized on Jan. 10, three days after the confrontation during his … Read more

Indian shares set to open higher as US recession fears ease

BENGALURU, Jan 27 (Reuters) – Indian shares are set to open higher on Friday benefiting from a broader risk-on sentiment after stronger-than-expected US economic growth data eased concerns of a recession, while investors remained watchful ahead of release of the federal budget and central bank meetings due next week. India’s NSE stock futures listed on … Read more

Biden attacks Republicans over ‘mind-boggling’ debt ceiling threat

WASHINGTON, Jan 26 (Reuters) – President Joe Biden cast Republicans as representing the party of “chaos and catastrophe” on Thursday and sharply criticized their refusal to approve an increase in the US debt ceiling unless they get a deal on spending cuts. In an impassioned speech at a steamfitters union hall in Virginia, Biden launched … Read more

Oil prices firm on China demand optimism

LONDON, Jan 26 (Reuters) – Oil prices rose 1% on Thursday on expectations that demand will strengthen as top oil importer China reopens its economy and on news US crude inventories have risen less than expected. Brent crude futures rose 78 cents, or 0.9%, to $86.90 a barrel by 1046 GMT. US West Texas Intermediate … Read more

Strong clan loyalty, locals, helped mafia boss Messina Denaro stay hidden

The Mafia’s last godfather enjoyed unusually strong loyalty Omerta code of silence also helped boss stay hidden ‘Last godfather’ Messina Denaro was living near his mother PALERMO, Italy, Jan 25 (Reuters) – When Salvatore Catalano discovered that mafia boss Matteo Messina Denaro had lived just a short walk from his house in the western Sicilian … Read more