By Tim Cocks and Alexander Winning
JOHANNESBURG (Reuters) -South Africa's main coalition partners are embroiled in a spat over how to respond to looming tariffs from a hostile Trump administration, after the smaller party said the president's aide was denied a U.S. visa to negotiate with Washington.
The Democratic Alliance said on Tuesday that the United States had formally rejected President Cyril Ramaphosa's chosen interlocutor, Mcebisi... (continue reading...)
By Tom Sims
FRANKFURT (Reuters) -A delegation of employee representatives from Commerzbank met with members of the European Parliament to voice their concerns about a possible takeover by UniCredit, according to a social media post on Thursday and two people with knowledge of the matter.
Italy's UniCredit last week doubled its shareholding in the German lender as it pushes for a tie-up between the banks, despite resistance from Commerzbank... (continue reading...)
WASHINGTON (Reuters) -The number of Americans filing new applications for jobless benefits fell last week, pointing to steady job growth in July, though some laid off workers are experiencing long spells of unemployment because of a moderation in hiring.
Initial claims for state unemployment benefits dropped 7,000 to a seasonally adjusted 221,000 for the week ended July 12, the Labor Department said on Thursday. Economists polled by Reuters had forecast... (continue reading...)
LAHORE, Pakistan (Reuters) -Heavy monsoon rains across Pakistan’s Punjab province killed at least 63 people and injured nearly 300 in the past 24 hours, provincial officials said on Thursday, bringing the nationwide death toll from the rains to at least 159 since late June.
It was one of the deadliest days of this year's rainy season so far.
The downpours caused flooding and building collapses, with most of the deaths caused by the roofs of... (continue reading...)
WASHINGTON (Reuters) -U.S. retail sales rebounded more than expected in June, but some of the increase likely reflected higher prices for some goods exposed to tariffs.
Retail sales increased 0.6% last month after an unrevised 0.9% drop in May, the Commerce Department's Census Bureau said on Thursday. Economists polled by Reuters had forecast retail sales, which are mostly goods and are not adjusted for inflation, edging up 0.1%.
Part of the... (continue reading...)
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