KINSHASA (Reuters) - Democratic Republic of Congo has appointed a new government, spokesperson Tina Salama said in the early hours of Wednesday, ending an impasse that has mired the country in political uncertainty for months.
President Felix Tshisekedi won a second term after elections in late 2023 that also handed his Sacred Union coalition a large majority in parliament. But internal jostling for jobs has delayed the formation of a new cabinet of... (continue reading...)
SYDNEY (Reuters) - Australian consumer price inflation unexpectedly rose to a five-month high in April due in part to increases in petrol, health and holiday costs, adding to risks the next move in interest rates might be upward.
Data from the Australian Bureau of Statistics on Wednesday showed its monthly consumer price index (CPI) rose at an annual pace of 3.6% in April, up from 3.5% in March and above market forecasts of 3.4%.
By Nate Raymond
(Reuters) - The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday scored a jurisdictional victory when a federal judge in Texas transferred to another court in Washington, D.C., an industry-backed lawsuit challenging the agency's rule capping credit card late fees at $8.
U.S. District Judge Mark Pittman in Fort Worth moved swiftly to transfer the lawsuit out of his courthouse for a second time after a federal... (continue reading...)
(Reuters) -Merck & Co is nearing a $1.3 billion cash deal to buy ophthalmology biotechnology company Eyebiotech in an agreement that could see an additional $1.7 billion in milestone payments, the Wall Street Journal reported on Tuesday.
The deal could be announced as early as Wednesday, the report said, citing people familiar with the matter.
Merck did not immediately respond to Reuters' request for a comment, while Eyebiotech declined to... (continue reading...)
By Devayani Sathyan
BENGALURU (Reuters) - Australian home price rises will outpace overall inflation over the next couple of years, despite fading expectations of interest rate cuts, according to a Reuters poll of analysts who said the supply of affordable homes will keep falling short of demand.
Robust demand for housing and the failure of homebuilders to adequately increase supply has turned Australia into one of the world's most... (continue reading...)
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