By Maya Gebeily, Laila Bassam and Timour Azhari (Reuters) – The United States is leading a diplomatic dash to deter Israel from striking Lebanon’s capital Beirut or major civil infrastructure in response to a deadly rocket attack on the Golan Heights, five people with knowledge of the drive said. Washington is racing to avert a […]
IMF, Ethiopia reach deal for $3.4 billion in financing
WASHINGTON (Reuters) – Ethiopia has secured an agreement with the International Monetary Fund for a new financing program worth $3.4 billion, the IMF said on Monday. Ethiopia’s central bank floated the country’s birr currency on Monday, a key step to secure IMF support, and to make progress on a long-delayed debt restructuring. The Horn-of-Africa nation, […]
Kamala Harris campaign raises $200 million in a week
By Kanishka Singh WASHINGTON (Reuters) -U.S. Vice President Kamala Harris’s election campaign said on Sunday it has raised $200 million and signed up 170,000 new volunteers in the week since she became the Democratic Party’s presidential candidate. President Joe Biden ended his reelection bid on Sunday last week and endorsed Harris for the Nov. 5 […]
Fidelity, Nomura line up bids for Ola Electric’s India IPO, sources say
By Aditya Kalra NEW DELHI (Reuters) – SoftBank-backed Indian e-scooter maker Ola Electric’s IPO is set to draw investor bids from Fidelity, Nomura and Norway’s Norges Bank, as well as several Indian mutual funds, two sources with direct knowledge told Reuters. Ola Electric’s roughly $740 million IPO will open this week and will be the […]
Apple’s artificial intelligence features to be delayed, Bloomberg News reports
(Reuters) -Apple’s upcoming artificial intelligence features will arrive later than anticipated and will miss the initial launch of upcoming iPhone and iPad software overhauls, Bloomberg News reported on Sunday. The iPhone maker is planning to begin rolling out Apple Intelligence to customers as part of software updates coming by October, the report added, citing people […]
US discusses with India need for peace in Ukraine amid reported Modi visit plan
By Kanishka Singh WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken on Sunday emphasized the importance of a “just and enduring peace” for Ukraine in a meeting with Indian Foreign Minister Subrahmanyam Jaishankar, the State Department said. The discussion came amid a visit being reportedly planned to Ukraine by Indian Prime Minister Narendra Modi. […]
US union and Apple reach tentative labor agreement
(Reuters) -The International Association of Machinists and Aerospace Workers (IAM) Coalition of Organized Retail Employees (IAM CORE) reached a tentative agreement with tech giant Apple on Friday over improvement in work-life balance, pay raises and job security. Workers at the Towson, Maryland, Apple retail store will vote on the tentative agreement on Aug. 6. The […]
Amazon under second investigation in Milan for tax evasion, sources say
MILAN (Reuters) – An Italian unit of Amazon is being investigated by Milan prosecutors for suspected tax evasion, two sources said on Friday, but the inquiry was not linked to a multi-million euro seizure from another of the group’s Italian units this week. Italy’s tax police on Tuesday seized some 121 million euros ($131 million) […]
Australia signs $1.4 billion deal to upgrade navy submarines
SYDNEY (Reuters) – Australia said on Saturday it had signed a A$2.2 billion ($1.4 billion) four-year contract with state-owned submarine builder ASC to upgrade the navy’s Collins class submarines. The “sustainment contract” is part of a government pledge to keep the diesel-electric powered Collins-class fleet “a potent strike and deterrence capability”, Defence Industry Minister Pat […]
Trump plans more outdoor rallies, says Secret Service must protect him
WASHINGTON (Reuters) -Republican presidential nominee Donald Trump said on Saturday he would continue to hold outdoor rallies, disregarding a recommendation from the U.S. Secret Service not to do so following an assassination attempt earlier this month. “I WILL CONTINUE TO DO OUTDOOR RALLIES, AND SECRET SERVICE HAS AGREED TO SUBSTANTIALLY STEP UP THEIR OPERATION,” the […]