By Jonathan Stempel and Sarah N. Lynch (Reuters) – The U.S. Department of Justice reached a $144.5 million settlement with survivors and families of victims of the 2017 mass shooting at a Texas church that killed 26 people, for which a judge had found the Air Force primarily responsible. Wednesday’s settlement with more than 75 …
US reaches $144.5 million settlement with Texas church shooting victims Read More »
LONDON (Reuters) – The record number of developing nations at risk of a debt crisis will be high on the agenda next week when central bankers, finance ministers and political leaders convene for the World Bank Group and International Monetary Fund (IMF) spring meetings. Ballooning inflation, escalating borrowing costs and a strong dollar have made …
By Giuseppe Fonte ROME (Reuters) – Italy is struggling to broker a deal between payments firms, banks and retailers to cut fees on electronic transactions, two sources familiar with the matter told Reuters on Wednesday, raising the prospect of a windfall tax on the financial sectors. The cost of digital payments has taken centre stage …
Italy, digital payment firms and retailers at odds over deal to cut fees Read More »
SANTIAGO (Reuters) – Chile’s central bank on Wednesday improved its expectations for the country’s economic growth this year but lowered estimates for 2024 as high inflation keeps hindering “sustainable” growth. The authority said in a report it expects 2023 gross domestic product (GDP) to come in between -0.5% and +0.5%, up from a previous forecast …
Chile cenbank boosts GDP forecast for 2023 but lowers 2024 estimate Read More »
By Lisa Baertlein and Kannaki Deka LOS ANGELES (Reuters) -FedEx Corp said on Wednesday it will consolidate its separate delivery companies into a single entity, as the group slims its bloated infrastructure to compete better with United Parcel Service and Amazon. The move to integrate FedEx Ground, its outsourced package delivery arm, with the FedEx …
FedEx to combine delivery units as part of $4 billion cost-cut push Read More »
By Lisa Baertlein and Kannaki Deka LOS ANGELES (Reuters) -FedEx Corp said on Wednesday it will consolidate its separate delivery companies into a single entity, as the group slims its bloated infrastructure to compete better with United Parcel Service and Amazon. The move to integrate FedEx Ground, its outsourced package delivery arm, with the FedEx …
FedEx to combine delivery units as part of $4 billion cost-cut push Read More »
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc, said on Wednesday that revenue in the first quarter rose 3.9% year-on-year, but that sales for the current quarter would be down. Revenue last month reached the third highest on record for March at T$400.3 billion ($13.14 …
By Padraic Halpin DUBLIN (Reuters) – Ireland’s government is to ask the public for their views on the country’s tradition of military neutrality in a consutlative forum, the foreign minister said on Wednesday, the latest sign of a possible shift in the wake of Russia’s Ukraine invasion. Foreign Minister Micheál Martin said the forum, which …
Ireland to consult public on military neutrality in wake of Ukraine war Read More »
(Reuters) – At least four children were killed and four other injured when a 25-year-old man armed with a small axe attacked a pre-school in the southern Brazilian state of Santa Catarina on Wednesday, local police and a hospital said. Police said the man responsible for the attack in the city of Blumenau has been …
At least four children killed in pre-school axe attack in southern Brazil Read More »
(Reuters) – Russia’s National Wealth Fund (NWF) stood at the equivalent of $154.5 billion as of April 1, Russia’s finance ministry said on Wednesday, up from $147.2 billion on March 1. The finance ministry said the sovereign wealth fund was equivalent in value to 7.9% of Russia’s gross domestic product (GDP), up from 7.4% a …
Russia’s National Wealth Fund up $7 bn to $154.5 billion – finance ministry Read More »
