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EXCLUSIVE Sri Lanka picks Lazard, Clifford Chance as advisers for landmark debt restructuring -sources

Reuters
The logo and trading information for Lazard Ltd appear on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register COLOMBO/LONDON, May 23 (Reuters) – Sri Lanka has hired heavyweight......

EXCLUSIVE General Atlantic plans $2 billion investment in India, Southeast Asia

Reuters
The logo of the upcoming World Economic Forum 2022 (WEF) is pictured on a window at the congress center, in the Alpine resort of Davos, Switzerland May 21, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 22 (Reuters) – Global private equity......

Exclusive: India considering spending additional $26 billion to fight inflation

Reuters
Customers buy vegetables at a market in Ahmedabad, India, September 29, 2015. REUTERS/Amit Dave/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI, May 22 (Reuters) – The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion......

Analysis: Australian women unleash new political force on climate, integrity

Reuters
SYDNEY, May 22 (Reuters) – Professional women and voters concerned about climate change unleashed a third force in Australia’s election, taking a swath of seats that ended nine years of conservative rule even as votes for the winning Labor Party fell. Women who left successful careers in business, medicine and......

Biden says first shipments of baby formula flying in from Europe this weekend

Reuters
May 20 (Reuters) – The first shipments of infant formula from Europe to address a critical shortage in the United States should begin arriving this weekend, President Joe Biden said on Friday amid criticism of his administration’s handling of the issue. Biden said on Twitter the initial military cargo plane......

Factbox: The Great Rebrand: Western business reborn in Russia under new names

Reuters
May 20 (Reuters) – McDonald’s Corp (MCD.N) is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be decided – the most high-profile rebranding so far of companies extricating themselves from Russia. read more Scores of......

Computer chip giant ASML places big bets on a tiny future

Reuters
VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on......

EXCLUSIVE U.S. aims to arm Ukraine with advanced anti-ship missiles to fight Russian blockade

Reuters
The U.S. Navy Arleigh-Burke-class guided missile destroyer USS Curtis Wilbur launches a Harpoon surface-to-surface missile during Pacific Vanguard (PACVAN) quadrilateral exercises between Australia, Japan, Republic of Korea, and U.S. Naval forces in the Philippine Sea May 26, 2019. Picture taken May 26, 2019. U.S. Navy/Mass Communications Specialist 1st Class Toni......

Biden administration authorizes $100 million more in Ukraine military aid

Reuters
U.S. President Joe Biden looks on after delivering remarks in the Rose Garden of the White House in Washington, U.S., May 19, 2022. REUTERS/Evelyn Hockstein Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 19 (Reuters) – President Joe Biden’s administration authorized $100 million of additional military aid......

EXCLUSIVE Japan Inc turns against central bank’s monetary stimulus, Reuters survey shows

Reuters
A businessman walks near the Bank of Japan headquarters in Tokyo, Japan, Feb. 15, 2016. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register More than 60% of firms want end to big monetary easing by March About a quarter keen for an immediate end to big monetary......

Performing artists push for copyright protection from AI deepfakes

Reuters
AI is increasingly common in entertainment, audio Performers fear losing work and rights to tech Calls for new legal protections over performances TBILISI, May 18 (Thomson Reuters Foundation) – When a friend messaged voice actor Bev Standing to ask whether she was the voice of TikTok’s text-to-speech feature, the Canadian......

Exclusive: China in talks with automakers on EV subsidy extension

Reuters
SHANGHAI, May 18 (Reuters) – China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said. The move by policymakers comes......

Analysis: U.S. coal companies struggle to cash in on Europe crunch

Reuters
WASHINGTON, May 17 (Reuters) – U.S. coal producers are seeking to boost exports to cash in on soaring prices since Russia’s invasion of Ukraine but face big headwinds including shipping bottlenecks, labor shortages, and a dismal long-term outlook discouraging investments in new mines. The outlook means the United States, which......

EXCLUSIVE About 300,000 tonnes of wheat bought by Egypt stranded in Ukraine -trade

Reuters
Ears of wheat are seen in a field near the village of Zhovtneve, Ukraine, July 14, 2016. REUTERS/Valentyn Ogirenko/ Register now for FREE unlimited access to Reuters.com Register CAIRO, May 17 (Reuters) – About 300,000 tonnes of Ukrainian wheat booked by Egypt’s state grains buyer for delivery in February and......

Iraq balks at greater Chinese control of its oilfields

Reuters
Iraq persuaded Lukoil to halt sale to Sinopec – sources Baghdad concerned China becoming too dominant – sources Western firms not happy with terms of Iraqi deals LONDON/BASRA, May 17 (Reuters) – Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over......

Analysis: Neutral Switzerland leans closer to NATO in response to Russia

Reuters
BERN, May 15 (Reuters) – Switzerland’s fabled neutral status is about to face its biggest test in decades, with the defence ministry tilting closer to Western military powers in response to Russia’s invasion of Ukraine. The defence ministry is drawing up a report on security options that include joint military......

Do spam bots really comprise under 5% of Twitter users? Elon Musk wants to know

Reuters
May 13 (Reuters) – Since 2013, Twitter has downplayed the spread of fake accounts on its platform, holding that “false or spam” accounts make up less than 5% of its user base even as independent researchers said the number could be three times higher. That discrepancy could now affect the......

Exclusive: Maker of Walmart, Amazon store-brand baby formulas sees shortages through rest of 2022

Reuters
NEW YORK, May 13 (Reuters) – Perrigo Company PLC (PRGO.N), which makes store-brand baby formulas for retailers, including Walmart Inc (WMT.N) and Amazon.com Inc (AMZN.O), expects shortages and heightened demand to last for the “balance of the year,” Chief Executive Murray Kessler told Reuters in an interview. The Biden administration......

Analysis: South Korea’s high-speed 5G mobile revolution gives way to evolution

Reuters
Engineers set up a 5G base station in Seoul, South Korea, May 31, 2019, in this handout picture provided by SK Telecom. Picture taken May 31, 2019. SK Telecom/Handout via REUTERS/Files Register now for FREE unlimited access to Reuters.com Register SEOUL, May 13 (Reuters) – South Korea was the first......

Analysis: Traders ready for wilder swings as rate rises stoke volatility

Reuters
A specialist trader works on the floor of the New York Stock Exchange, August 21, 2015. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register LONDON/NEW YORK, May 13 (Reuters) – Traders in the world’s largest markets are having to navigate wild intra-day swings and shrinking deal sizes......

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