Reuters

(Reuters) - The Federal Reserve is more likely to deliver a long-awaited rate cut in September after a U.S. Commerce Department report showed inflation made a bit of progress toward the Fed's 2% goal last month and spending softened, traders expect.

After the data, traders priced in about a 53% chance of a rate cut in September, versus about 49% before the report. The report showed the core personal consumption expenditures price index, which the Fed... (continue reading...)

ZURICH (Reuters) - Following is a timeline outlining the 168-year history of Credit Suisse Group, the Zurich-based bank that was formally absorbed on Friday by Swiss rival UBS after a 3 billion franc takeover last year.

1856

Politician and business leader Alfred Escher founds Schweizerische Kreditanstalt (SKA) to finance the expansion of the railroad network and promote Swiss industrialisation.

1876

The bank... (continue reading...)

WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration said on Friday it is seeking more information in its investigation into Amazon.com's self-driving Zoox vehicles due to unexpected braking leading to two rear-end collisions.

The agency, which opened a probe into the crashes this month, said it is seeking video of the crashes and documents from Zoox related to the vehicles.

NHTSA said it "is concerned that... (continue reading...)

By Layli Foroudi

PARIS (Reuters) - A Paris-based Moroccan journalist who wears the hijab said on Friday she was appealing against a rule that bans women from covering their head in photos on the French press ID card.

Manal Fkihi said her application for a press card had been turned down, and the lack of an official ID was making it difficult for her to report on events including protests and to secure freelance contracts.

ATHENS (Reuters) - Greece on Friday dismissed a report that the United States was planning to refer some migrants in Latin America for resettlement in the Mediterranean country in a bid to discourage them from travelling to the U.S. border with Mexico.

CBS News reported on Thursday that the scheme would involve Greece and Italy welcoming a small number of migrants processed at migration offices that the U.S. administration set up last year in four... (continue reading...)