By Siddharth Cavale
(Reuters) - Target on Wednesday forecast current-quarter comparable sales and profit largely below Wall Street expectations after weak discretionary spending dented its first-quarter results, and said it continues to expect the consumer to be cautious.
While inflation has moderated, most Americans remain uncomfortable with food prices and are still actively looking for ways to keep their spending in check. High gas... (continue reading...)
JAKARTA (Reuters) - Indonesia's parliament is proposing changes to its broadcast law that would ban investigative journalism and LGBT content, sparking criticism from civil society groups and filmmakers over restrictions to press freedom and creative expression.
Changes to the 2002 broadcast law were first discussed in 2020 but the details in the latest revisions have spurred concern, with Indonesia's Press Council saying it would undermine media... (continue reading...)
By Joyce Lee
SEOUL (Reuters) - South Korea's science and information technology minister said on Wednesday the world must cooperate to ensure the successful development of AI, as a global summit on the rapidly evolving technology hosted by his country wrapped up.
The AI summit in Seoul, which is being co-hosted with Britain, discussed concerns such as job security, copyright and inequality on Wednesday, after 16 tech companies signed a... (continue reading...)
MOSCOW (Reuters) - Russia would regard the seizure of revenue from its frozen assets in the European Union as a violation of all norms of the global economic system, Kremlin spokesman Dmitry Peskov said on Wednesday.
EU countries have formally adopted a plan to use windfall profits from Russian central bank assets frozen in the EU for Ukraine's defence, the Belgian government said this week.
The Group of Seven countries (G7) froze around... (continue reading...)
JOHANNESBURG (Reuters) - South Africa's May 29 election looks set to be the most tightly contested since the end of apartheid, with opinion polls suggesting that the governing African National Congress may lose its majority for the first time after 30 years in power.
The ANC is still expected to win the largest share of the vote, so its leader President Cyril Ramaphosa is likely to remain in office, unless he faces an internal challenge if the party is... (continue reading...)
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