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Economy

US inflation hit 8.3% last month but slows from 40-year high

WASHINGTON — Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday. That was below the 8.5% year-over-year surge in March, which […]

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Economy

Why are food prices going up? Key questions answered

Elena Rodriguez cuts vegetables in the soup kitchen where she works in Pamplona Alta, a low-income neighborhood on the outskirts of the Peruvian capital where soaring food prices are placing animal proteins out of reach for the most vulnerable residents, in Lima, Peru April 11 , 2022. REUTERS/Daniel Becerril Register now for FREE unlimited access […]

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Business

Tesla exports first cars from Shanghai since reopening plant – average

A Tesla sign is seen at its factory in Shanghai, China, May 13, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, May 11 (Reuters) – Tesla Inc (TSLA.O) on Wednesday made its first exports from China since reopening its Shanghai factory on April 19, as a shipment of 4,767 cars […]

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Mobile

Spain sacks spy chief over Pegasus spyware scandal | News

The decision comes after Paz Esteban admitted that her agency had legally hacked several Catalan separatists’ phones. Spain’s government has fired the director of its top intelligence agency amid two separate cases of the hacking of politicians’ mobile phones using Pegasus spyware, according to the country’s defense minister. Paz Esteban, the first woman to head […]

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Economy

Four Russian governors resign as sanctions bite

A general view shows the city center and Stalin-era skyscrapers in Moscow, Russia May 18, 2020. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register May 10 (Reuters) – Four Russian regional governors resigned on Tuesday as the country braces for the impact of economic sanctions. The heads of the Tomsk, Saratov, Kirov […]

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Business

Musk says he would reverse Twitter ban on Donald Trump

May 10 (Reuters) – Billionaire Elon Musk said on Tuesday he would reverse Twitter’s ban on former US President Donald Trump when he buys the social media platform, the clearest signal yet of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of electric vehicle maker Tesla Inc […]

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Mobile

‘Taking the pistachio’ – Tesco rapped by watchdog over mobile phone ads

A general view of Tesco Extra store, in Warrington, Britain, January 13, 2022. REUTERS/Jason Cairnduff Register now for FREE unlimited access to Reuters.com Register LONDON, May 11 (Reuters) – Britain’s advertising regulator has banned five adverts for Tesco’s (TSCO.L) mobile phone business, saying its use of the words “shiitake” and “pistachio” alluded to expletives and […]

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Economy

EXPLAINER: Why is Hungary blocking sanctions on Russian oil?

BUDAPEST, Hungary (AP) — As the European Union tries to impose sanctions on Russian oil over the war in UkraineHungary has emerged as one of the biggest obstacles to unanimous support needed from the bloc’s 27 member nations. The president of the EU’s executive commission, Ursula von der Leyen, last week proposed phasing out imports […]

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Internet

Russia downed satellite internet in Ukraine -Western officials

US: Russian hack aimed at disrupting Ukrainian communications UK: Hack was ‘deliberate and malicious’ EU: Attack on Viasat caused ‘indiscriminate’ outages Russia routinely denies it carries out cyberattacks NEWPORT, Wales, May 10 (Reuters) – Russia was behind a massive cyberattack against a satellite internet network which took tens of thousands of modems offline at the […]

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Economy

Ukraine to halt key Russian gas transit to Europe, blames Moscow

Gas pipelines are pictured at the Atamanskaya compressor station, facility of Gazprom’s Power Of Siberia project outside the far eastern town of Svobodny, in Amur region, Russia November 29, 2019. REUTERS/Maxim Shemetov. Register now for FREE unlimited access to Reuters.com Register KYIV/LONDON, May 10 (Reuters) – Ukraine said on Tuesday it would suspend the flow […]