By Doina Chiacu and Susan Heavey WASHINGTON (Reuters) -The U.S. baby formula shortage should improve dramatically in coming weeks, President Joe Biden and top officials said on Friday as the administration scrambled to reverse a shortfall that hits lower-income Americans…
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but household spending remains underpinned by a strong labor market and massive savings, which…
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…
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…