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BRASILIA (Reuters) – Brazil President Luiz Inacio Lula da Silva on Wednesday said that next week’s summit of Amazon region nations will seek to draw up a common policy for the first time to protect the rainforest. “I have high expectations for this summit. For the first time we are going to have a common policy for the Amazon, for preservation, security, borders,” Lula said. The eight countries of the […]

(Reuters) – Defender Levi Colwill has signed a new six-year contract with Chelsea with an option of another year, the Premier League club announced on Wednesday. The 20-year-old Southampton-born player came through the academy ranks at Chelsea, joining the club at the age of eight, before being sent on loan to Brighton & Hove Albion for the 2022–23 season. He made 22 appearances for Roberto De Zerbi’s side in all […]

By Laura Sanicola (Reuters) -Oil prices fell on Wednesday after sharp gains despite a historic drop in U.S. crude stocks, as traders derisk following the downgrade of U.S. government top credit by a major ratings agency. U.S. crude stocks fell in the week by 17 million barrels, the largest drop in U.S. crude inventories according to records dating back to 1982, the Energy Information Administration said on Wednesday. The draw […]

(Reuters) -Global firms from consumer goods giant Unilever to automaker Nissan and machinery maker Caterpillar have warned of slowing earnings in China as the world’s second-largest economy loses its post-pandemic bounce. The rebound has been limited to a handful of sectors such as travel, dining and luxury goods, driving double-digit China sales growth for the likes of Starbucks, LVMH and Hugo Boss. But many of those bellwethers have stopped short […]

By Giulio Piovaccari MILAN (Reuters) -Luxury sports car maker Ferrari raised its full-year revenue and core earnings forecasts on Wednesday, citing “exceptional” second quarter results and “robust” orders. Ferrari’s modestly improved guidance was supported in particular by lucrative personalisations, which include a total carbon-fibre finish, as well as a strong product mix, Chief Executive Benedetto Vigna said. Personalisations are the touches that a customer requests to make the model more […]

WASHINGTON (AP) — Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt at the federal, state, and local levels and a “steady deterioration in standards of governance” over the past two decades. The rating was cut Tuesday one notch to AA+ from AAA, the highest possible rating. The new rating is still well into investment grade. The decision illustrates one way that growing political polarization and […]

By Kailyn Rhone (Reuters) – From robotic grills to faster blenders with custom ice and milk dispensers, major U.S. restaurant chains including Starbucks, Domino’s, and Chipotle are touting new technologies to automate production, cut labor costs and potentially boost profit margins. Starbucks said it plans to roll out a coffee-making machine, the Siren System, in around 10% of its stores starting next year. Starbucks claims that baristas using the machine […]

LONDON (Reuters) – An American man who allegedly faked his own death but was identified in hospital by his tattoos can be extradited from Scotland to the United States, a court ruled on Wednesday, with the final decision due to be taken by Scottish ministers. Edinburgh Sheriff Court ruled that there was no legal barrier to the extradition of the man who U.S. prosecutors say is linked to rape and […]

(Corrects year to 2021 instead of 2001 in second paragraph) (Reuters) -Republican former U.S. President Donald Trump, who was indicted on Tuesday for his wide-ranging efforts to overturn the 2020 election, is not the only person to face prosecution over efforts to undo his loss to Democrat Joe Biden in the 2020 U.S. election. Numerous people have been convicted at trial or pleaded guilty to crimes relating to the Jan. […]