By Idrees Ali WASHINGTON (Reuters) -U.S. Defense Secretary Lloyd Austin called for an immediate ceasefire in Ukraine when he spoke by telephone to his Russian counterpart Sergei Shoigu on Friday for the first time since Russia's invasion of Ukraine, the…
(Reuters) - Alibaba Group Holding has laid off about 40% of the staff in its Russian joint venture as the ongoing Ukraine crisis disrupts cross-border business, the Nikkei reported on Friday. The Chinese e-commerce giant could not be immediately reached…
By Ann Saphir (Reuters) -The Federal Reserve will do what it needs to do to bring down very high inflation, Minneapolis Fed President Neel Kashkari said on Friday, though how much it will need to do depends in part on…
LONDON (Reuters) - Elon Musk on Friday put his $44-billion deal for Twitter Inc temporarily on hold, sending the social media company's shares some 20% lower in pre-market trading and on the Frankfurt stock exchange. Below are analysts' reactions to…
(Reuters) - Consumer inflation in Russia accelerated in April to 17.83% in year-on-year terms, its highest level since January 2002, data showed on Friday, as it got a boost from the volatile rouble and unprecedented western sanctions that disrupted logistics…
By Noah Browning LONDON (Reuters) - The world will not be left short of oil even with lower output from sanctions-hit Russia, the International Energy Agency (IEA) said on Thursday, after it cut its predictions for supply losses from the…
By Allison Lampert and Simon Jessop MONTREAL/LONDON (Reuters) -Canada's second-largest pension fund is considering withholding support from certain Canadian National Railway Co directors at an upcoming annual meeting over French-speaking representation on the company's board, a source familiar with the…
WASHINGTON (Reuters) - Inflation will need to move lower for "several months" before the Federal Reserve officials can safely conclude it has peaked, Cleveland Fed president Loretta Mester said Friday, adding she would be ready to consider faster rates hike…
LONDON (Reuters) -Elliott has pushed its stake above 5% in Brewin Dolphin, a British wealth manager which is under offer from Royal Bank of Canada, the activist investor said on Friday. Elliott's stake reached 5.2% as of May 12, it…
By Byungwook Kim SEOUL (Reuters) - South Korea was the first country to launch a fifth-generation mobile network in 2019, heralding a warp-speed technological transformation to self-driving cars and smart cities. Three years on, the giddy promises are unfulfilled. Some…