Reuters

By Milounee Purohit

BENGALURU (Reuters) - India's consumer price inflation is likely to have eased to 4.80% in April, just shy of March's rate as food inflation remains sticky, according to economists polled by Reuters.

While headline inflation has moderated in recent months, food prices, which account for nearly half the consumer price index (CPI) basket, have remained elevated, squeezing household budgets.

With parts of... (continue reading...)

(Reuters) - Huawei's new high-end Pura 70 smartphone series quickly sold out after it was launched last month with analysts touting it as another Apple iPhone challenger and adding to signs of how the Chinese firm is beating back against U.S. curbs.

The Pura series developed by the Shenzhen-headquartered company has advanced cameras and is known for its sleek design. In comparison, the Mate 60 series, that marked Huawei's reentry into the high-end... (continue reading...)

By Jarrett Renshaw, Nidal al-Mughrabi and Mohammad Salem

WASHINGTON/CAIRO/RAFAH, Gaza Strip (Reuters) - U.S. President Joe Biden for the first time publicly vowed to withhold weapons from Israel if its forces make a major invasion of Rafah in southern Gaza while negotiations in Cairo on a ceasefire plan for the enclave were due to continue on Thursday.

“I made it clear that if they go into Rafah ..., I’m not supplying the weapons,"... (continue reading...)

By David Kirton and Brenda Goh

SHENZHEN/SHANGHAI (Reuters) - Huawei's latest high-end phone features more Chinese suppliers, including a new flash memory storage chip and an improved chip processor, a teardown analysis showed, pointing to the progress China is making towards technology self-sufficiency.

Online tech repair company iFixit and consultancy TechSearch International examined the inside of Huawei Technologies' Pura 70 Pro for... (continue reading...)

By Brigid Riley

TOKYO (Reuters) - The dollar held tight ranges against most peers on Thursday as traders awaited key U.S. inflation data for cues on Federal Reserve policy, while the focus on the massive interest rate gap between Japan and the U.S. helped it make some gains on the yen.

Against the Japanese yen, the dollar slowly inched up after it fell more than 3% last week, its biggest weekly percentage drop since early December 2022.