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Pakistan proposes 3.5% GDP growth, 21% inflation for FY2023-24 budget – source
By Asif Shahzad ISLAMABAD (Reuters) -Pakistan has proposed a GDP growth target of 3.5% with a 21% inflation projection in estimates for its budget for the 2023-24 financial year, an official source to...
Syndicated Content Jun 06, 2023
US SEC sues Coinbase over failure to register
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Tuesday sued Coinbase Inc, the largest U.S. crypto asset trading platform, accusing it of illegally operating without having first r...
Syndicated Content Jun 06, 2023
Subway inks deal for 4,000 new sandwich shops in China over next 20 years
By Hilary Russ NEW YORK (Reuters) - Subway reached an agreement with a master franchisee to open nearly 4,000 new sandwich shops across mainland China over the next 20 years, it said on Tuesday. Inter...
Syndicated Content Jun 06, 2023
Nestle trials giving cash to coffee farmers who grow beans sustainably
By Maytaal Angel LONDON (Reuters) - Nestle is piloting a scheme to give cash to coffee farmers who grow beans sustainably as part of its plan to halve greenhouse gas emissions in its coffee business b...
Syndicated Content Jun 06, 2023
High inflation and recession risk – the Bank of England’s dilemma
By William Schomberg LONDON (Reuters) - The Bank of England is trying to curb an inflation rate that is running higher in Britain than in the United States and the euro zone, without pushing the econo...
Syndicated Content Jun 06, 2023
VW’s China joint venture transforms Shanghai plant for EV production
SHANGHAI (Reuters) - Volkswagen's Chinese joint venture with SAIC Motor has transformed one of its plants in Shanghai for production, research and development of electric vehicles (EV), the German aut...
Syndicated Content Jun 06, 2023
Microsoft searching for solutions over UK block on Activision deal -president
By Paul Sandle LONDON (Reuters) -The president of Microsoft said he was looking for solutions to try to get British approval for the software giant's $69 billion acquisition of "Call of Duty" maker Ac...
Syndicated Content Jun 06, 2023
UBS expects agreement on Credit Suisse loss guarantee by June 7 – SEC filing
ZURICH (Reuters) -UBS expects to finalize its agreement with the Swiss government to cover up to 9 billion Swiss francs ($9.92 billion) in losses from its emergency takeover of Credit Suisse by June 7...
Syndicated Content Jun 06, 2023
Exclusive-China’s state banks told to lower cap on dollar deposit rates – sources
SHANGHAI/BEIJING (Reuters) - A Chinese self-regulatory body overseen by the central bank has asked major state-owned banks to lower the dollar deposit interest rates, four people with direct knowledge...
Syndicated Content Jun 06, 2023
Google’s AI to power virtual travel agent from Priceline
By Jeffrey Dastin (Reuters) - Want a New York hotel near a Christmas market, a vegan restaurant, or another attraction? Look no further than artificial intelligence from Google at Priceline as early a...
Syndicated Content Jun 06, 2023
Peoria, IL, USA
44 °F Overcast
