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By David Milliken and Andy Bruce LONDON, Aug 3 (Reuters) – The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday, and gave a new warning that borrowing costs were likely to stay high for some time. Unlike the U.S. Federal Reserve or the European Central Bank – which also both raised rates by a quarter-point […]

By Filipp Lebedev (Reuters) – Advertisements offering an immediate payment of over $5,000 for joining the Russian army have began popping up on the screens of Kazakh internet users amid the escalating Ukrainian conflict. Kazakhstan, a former Soviet republic bordering Russia, is home to over 3 million ethnic Russians and has traditionally been one of Russia’s closest allies. The Astana government, however, has not supported what Moscow calls its “special […]

By Nathan Layne, Karen Freifeld, Tim Reid and Jason Lange (Reuters) – On March 30, when Donald Trump was indicted over a hush-money payment to a porn star, he already owned the narrative. He had been preparing for this moment. Four weeks earlier, anticipating the indictment was near, the former president dictated notes to aides for a pugnacious speech – one that would ultimately help reignite his political fortunes, pull […]

By Anna Tong (Reuters) – Cruise, General Motors’ robotaxi unit, said on Thursday it had signed the driverless car industry’s first labor union agreements, a significant milestone as unions and robotaxi firms have historically been at odds. The company is partnering with two local San Francisco union chapters that represent electrical workers and janitors, the International Brotherhood of Electrical Workers Local 6 and Service Employees International Union Local 87. Reuters […]

By Francis Mascarenhas MUMBAI (Reuters) – *Photo essay: Amid the luxury towers and expansive villas of Mumbai’s most exclusive postcode, a crumbling apartment block exemplifies the risks some people are willing to take to live in one of the world’s most expensive property markets. Some 600 people, mainly middle-class civil servants and their families, live in the government-owned, dilapidated block, located across the Arabian Sea in the same Worli neighbourhood […]

By Anirban Sen and Milana Vinn NEW YORK (Reuters) – Buyout firms Francisco Partners and TPG saved hundreds of millions of dollars in their $6.5 billion deal to buy New Relic by walking away from negotiations with the business software company in May and then returning two months later with a lower offer, people familiar with the matter said. The two private equity firms offered more than $90 per share […]

(Reuters) – A look at the day ahead in U.S. and global markets by Karin Strohecker There seems to be broad agreement that Fitch’s U.S. credit rating downgrade will have little impact on the real value of U.S. Treasuries, but the move has left markets feeling fragile and nervy ahead of tech giants Apple and Amazon reporting. U.S. Treasury yields and the dollar are clinging to nine-month peaks, while the […]

By Rupam Jain GURUGRAM, India (Reuters) – Hindu-Muslim clashes just outside the Indian capital this week have worsened religious fault lines in the region and exposed a booming business hub to threats of violence and disruption, authorities and analysts said. Seven people were killed and over 70 injured in rioting in Nuh and Gurugram districts of Haryana state after a Hindu religious procession was targeted and a mosque attacked in […]

By Sarah N. Lynch, Jacqueline Thomsen and Joseph Ax (Reuters) – Former U.S. President Donald Trump is due to appear in court on Thursday to face charges he led a wide-ranging conspiracy built on lies to overturn the 2020 presidential election, culminating in a violent attack on the seat of American democracy. Trump, the front-runner for the 2024 Republican presidential nomination, is scheduled to appear in a magistrate’s courtroom at […]