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By Fedja Grulovic RHODES, Greece (Reuters) – Standing outside the blackened shell of what used to be his restaurant, Dimitris Hajifotis laments a livelihood lost to wildfires raging on the Greek island of Rhodes this week. “My life now stopped,” he said. “Everything is taken by the fire.” Inside his destroyed business in the coastal village of Gennadi, stacks of plates are covered in ash and debris near a burned-down […]

By Ted Hesson and Kristina Cooke WASHINGTON (Reuters) -A U.S. federal judge on Tuesday blocked President Joe Biden’s new regulation restricting asylum access at the U.S.-Mexico border, upending a key tenet of his plan for deterring migration after the expiration of COVID-era Title 42 restrictions in May. The judge, California-based U.S. District Judge Jon Tigar, stayed the order for 14 days, which will let the Biden administration appeal. The ruling […]

By Joseph White and Paul Lienert DETROIT (Reuters) -General Motors is wrestling with costs and struggling to build more electric vehicles, as it reported Tuesday that adjusted pre-tax profit and margins in its key North American market fell from the first quarter, despite a jump in revenue and per-vehicle transaction prices. Shares were down 4.4% at $37.58 in mid-day trading. The automaker said it plans to invest less in new […]

By Bansari Mayur Kamdar (Reuters) – Meme stocks have surged in the last few weeks as retail investors shun pricier stocks for cheaper speculative names, but some experts worry that this could choke the current rally in broader markets. At a time when the wider rally has made some stocks, especially in the tech space, too expensive, the return of meme stocks is offering retail investors a more affordable option […]

FRANKFURT (Reuters) -Deutsche Bank signalled a more positive outlook on Tuesday, saying it would undertake a 450 million euro ($497 million) share buyback this year. The measure, larger than last year’s buyback of 300 million euros, reflects the improved financial state of Germany’s largest lender. The bank had previously flagged that it would aim for a buyback during the second half of this year. The announcement of the buyback, which […]

(Fixes typo Thoma Bravo in paragraphs 3,9,15) By Tim Hepher and Mathieu Rosemain PARIS (Reuters) -France’s Thales said on Tuesday it would buy U.S. cybersecurity company Imperva in a deal worth $3.6 billion as it steps up expansion outside its historic defence business in the war against bots and hackers. Thales’ move signals the group is ready to spend large sums to beef up its digital identity and security (DIS) […]

FRANKFURT (Reuters) – Deutsche Bank signalled a more positive outlook on Tuesday, saying it would undertake a 450 million euro ($497 million) share buyback this year. The measure, larger than last year’s buyback of 300 million euros, reflects the improved financial state of Germany’s largest lender. ($1 = 0.9059 euros) (Reporting by Tom Sims; Editing by Chris Reese) Brought to you by www.srnnews.com

(Reuters) – Chinese short-video app TikTok is allowing users to create text-only posts, in the latest attempt by a social media firm to capitalize on the turmoil at Twitter since its buyout by Elon Musk last year. The move, announced on Monday, would allow TikTok users to choose from a variety of backgrounds for their text posts that can feature hashtags and allow people to tag other users. The posts, […]

By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund on Tuesday raised its 2023 global growth estimates slightly given resilient economic activity in the first quarter, but warned that persistent challenges were dampening the medium-term outlook. The IMF in its latest World Economic Outlook said inflation was coming down and acute stress in the banking sector had receded, but the balance of risks facing the global economy remained tilted […]