Business

Residents return to war-ravaged southern Lebanon with hope and sorrow after the US-Iran deal

Thursday, June 18 by SRN News

TYRE, Lebanon (AP) - Adnan Kaour returned on Thursday to check on his home in southern Lebanon 's coastal city of Tyre - once known as an idyllic summer getaway spot - just a week after Israel issued warnings for all of its residents... Read More.

BMW ‘on right track’ chairman says as profit warning hits shares

Thursday, June 18 by SRN News

By Gilles Guillaume PARIS, June 18 (Reuters) - BMW is "on the right track" with its next-generation models, supervisory board chairman Nicolas Peter said on Thursday, days after a shock profit warning which has hit the group's shares. Orders for BMW's Neue Klasse models were strong... Read More.

U.S. filings for unemployment benefits fall to 226,000 last week as layoffs remain historically low

Thursday, June 18 by SRN News

WASHINGTON (AP) - The number of Americans applying for jobless aid fell modestly last week as layoffs remained in the same historically low range of recent years. U.S. applications for unemployment benefits in the week ending June 13 dropped by 4,000 to 226,000, the Labor... Read More.

Supreme Court sides with a Texas man who says it’s not a crime for marijuana users to have guns

Thursday, June 18 by SRN News

WASHINGTON (AP) - The Supreme Court sided Thursday with a Texas marijuana user who wants to legally own a gun, the latest in a line of firearm cases from a court that has expanded gun rights. In a unanimous decision, the justices ruled in... Read More.

Apple allows alternative app stores, payments in Brazil after deal with regulator

Thursday, June 18 by SRN News

SAO PAULO, June 18 (Reuters) - Apple said on Thursday it will allow developers in Brazil to distribute iOS apps through alternative marketplaces and process payments outside its system, following an agreement with the country's antitrust watchdog CADE. • Apple agreed to make the... Read More.

Kroger maintains annual forecasts as consumer spending tightens

Thursday, June 18 by SRN News

June 18 (Reuters) - U.S. grocer Kroger kept its annual forecasts unchanged on Thursday, underscoring cautious consumer spending amid growing inflationary pressures. The Cincinnati, Ohio-based company joined key rivals like Walmart in maintaining its forecast as consumers turn picky even while making daily purchases, trading... Read More.

Bank of England votes 7-2 to keep rates at 3.75%

Thursday, June 18 by SRN News

By David Milliken and Andy Bruce LONDON, June 18 (Reuters) - The Bank of England kept interest rates on hold at 3.75% in June, as it has since the start of the U.S.-Iran war, judging it would be premature to raise rates now given the... Read More.

EU leaders to strive for unity on China trade imbalance

Thursday, June 18 by SRN News

By Philip Blenkinsop BRUSSELS, June 18 (Reuters) - European Union leaders will debate new and tougher measures on Thursday that could be needed to curb the bloc's growing trade deficit with China and its heavy reliance on the world's second-largest economy for rare earths and... Read More.

Iran peace not stopping central banks from raising borrowing costs

Thursday, June 18 by SRN News

By Balazs Koranyi and Leika Kihara FRANKFURT/TOKYO, June 18 (Reuters) - The Iran war-induced inflation surge is becoming too much for central banks around the world to simply look past and a string of them, led by the U.S. Federal Reserve, have either raised borrowing... Read More.

Rate hikes are on for the G10 economies

Thursday, June 18 by SRN News

By Alun John LONDON, June 18 (Reuters) - The agreement between the United States and Iran to end their war, and the subsequent fall in oil prices, are good news for central bankers worried that high energy costs will spill over into broader price pressures.... Read More.

Current Weather

Residents return to war-ravaged southern Lebanon with hope and sorrow after the US-Iran deal

BMW ‘on right track’ chairman says as profit warning hits shares

U.S. filings for unemployment benefits fall to 226,000 last week as layoffs remain historically low

Supreme Court sides with a Texas man who says it’s not a crime for marijuana users to have guns

Apple allows alternative app stores, payments in Brazil after deal with regulator

Kroger maintains annual forecasts as consumer spending tightens

Bank of England votes 7-2 to keep rates at 3.75%

EU leaders to strive for unity on China trade imbalance

Iran peace not stopping central banks from raising borrowing costs

Rate hikes are on for the G10 economies

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