Reuters

(Reuters) -U.S. job growth accelerated far more than expected in May, keeping the Federal Reserve on track to hold off starting to cut interest rates.

The Labor Department said on Friday that the unemployment rate ticked up to 4.0% for the first time since January 2022, while nonfarm payrolls increased by 272,000 jobs last month, much more than the 185,000 forecast by economists polled by Reuters. Revisions showed 15,000 fewer jobs created in March and... (continue reading...)

BERLIN (Reuters) - The NATO alliance is expected to set its members more demanding targets to bolster their air defence, long-range missiles and logistics capability, a European diplomat told Reuters on Friday.

NATO has drafted the first major defence plans since the end of the Cold War, spelling out how the alliance would respond to a Russian attack.

(Reporting by Sabine Siebold; writing by Matthias Williams; editing by Miranda Murray)

By Nellie Peyton and Tannur Anders

JOHANNESBURG (Reuters) - South African opposition parties said on Friday they were waiting for more details on a proposal by the African National Congress to form a government of national unity after it lost its majority for the first time in the democratic era.

The former anti-apartheid liberation movement once led by Nelson Mandela has run South Africa since 1994. But voters, angered by years of... (continue reading...)

(Reuters) - Kia America is recalling 462,869 Telluride vehicles in the U.S. due to a fire risk from overheating front power seat motor, the U.S. National Highway Traffic Safety Administration said on Friday.

The recall includes some of the Korean automaker's Telluride SUVs built between 2020 and 2024.

"The front power seat motor may overheat due to a stuck power seat slide knob, which can result in a fire while parked or driving," the... (continue reading...)

ST PETERSBURG (Reuters) -President Vladimir Putin said on Friday Russia needed to cut imports, significantly boost the use of non-Western currencies in trade settlement and called for a major expansion of the country's domestic financial markets.

Putin, speaking at the St Petersburg International Economic Forum, said trade with Asia was soaring and that nearly 40% of Russian external trade was now in roubles as the share conducted in U.S. dollars, euros... (continue reading...)