Business
South Africa producer inflation slows to 4.5% y/y in February
JOHANNESBURG (Reuters) - South Africa's producer inflation slowed to 4.5% year on year in February from 4.7% in January, statistics agency data showed on Thursday. On a month-on-month basis the Producer Price Index was at 0.5% in February versus ...
Tesla deliveries face hit from China slowdown, soft demand
By Akash Sriram and Hyunjoo Jin (Reuters) - Tesla is expected to report sluggish first-quarter deliveries next week as the boost from its price cuts wanes and the U.S. automaker grapples with strong competition for buyers in a slowing ...
Slight changes in N.L. gas prices ahead of scheduled carbon tax adjustment on Monday, April 1
The price of gas in Newfoundland and Labrador increased less than a cent in the last scheduled Public Utilities Board price change before a Monday, April 1 change to reflect the federal carbon tax. Gas inched up 0.7 cents per litre (cpl) — setting ...
Analysis-Chinese firms' fundraisings in limbo as IPOs scrutinised at home and abroad
By Samuel Shen and Kane Wu SHANGHAI/HONG KONG (Reuters) - Chinese companies are staring at the prospects of a drought of new equity capital as tougher domestic IPO rules and challenges in listing overseas severely curb their fundraisings, putting ...
Hungary central bank says credible fiscal planning needed to cut risks
BUDAPEST (Reuters) - Hungary's central bank expects the 2024 budget deficit to be between 4.5% to 5% of gross domestic product, possibly exceeding the government's recently increased 4.5% target, it said in its quarterly inflation report on ...
US requiring new AI safeguards for government use, transparency
By David Shepardson (Reuters) - The White House said Thursday it is requiring federal agencies using artificial intelligence to adopt "concrete safeguards" by Dec. 1 to protect Americans’ rights and ensure safety as the government expands AI use ...
German unemployment rises less than expected in March
BERLIN (Reuters) - The number of people out of work in Germany rose less than expected in March, Federal Labour Office figures showed on Thursday. The office said the number of unemployed grew by 4,000 in seasonally adjusted terms to 2.719 ...
Factbox-European companies cut jobs as economy sputters
(Reuters) - The highest inflation for decades and the impact of the war in Ukraine have forced companies across Europe into layoffs or hiring freezes. Here are some cuts announced since December: AUTOS * BOSCH: the automotive supplier on Jan. 18 ...
Thailand offers tax waiver to attract 'world-class events'
BANGKOK (Reuters) - Thailand on Thursday announced a tax waiver for organisers of large international concerts, sporting events, and festivals to try to attract big events and position itself as a regional tourism hub. The Board of Investment ...
European shares open higher on energy boost, eye quarterly gains
(Reuters) - European shares inched higher at open on Thursday heading into the long Easter weekend break, on a boost from energy stocks, while the benchmark index was on course to end a second consecutive quarter in the green. The pan-European ...