By Tetsushi Kajimoto
TOKYO (Reuters) - Japanese business morale held steady in May, but manufacturers and service-sector firms complained that inflationary pressures driven by the weak yen were squeezing profit margins, a Reuters monthly survey showed.
The latest poll came about a week after gross domestic product (GDP) data showed Japan's economy contracted 2% on an annualised basis in the first quarter.
The main GDP... (continue reading...)
By Clark Mindock
(Reuters) - Republican attorneys general from 20 U.S. states sued the Biden administration on Tuesday, seeking to block new reforms to the U.S. environmental review process for major projects such as transmission lines and wind and solar farms.
States including Iowa, North Dakota, Texas and Florida challenged reforms included in a rule finalized in April by the White House Council on Environmental Quality in North Dakota... (continue reading...)
By Samuel Shen and Dhara Ranasinghe
SHANGHAI/LONDON (Reuters) - Emboldened by China's latest measures and pledges to fix the weakest parts of its struggling economy, domestic investors are scooping up shares in a cheap stock market, while most foreign investors are hopeful but taking it slow.
Last week's sweeping measures to support the property sector, which authorities dubbed as historic, were the latest in a series of steps China has... (continue reading...)
By Steve Gorman
LOS ANGELES (Reuters) - Los Angeles homicide detectives and federal agents are investigating how "Friends" star Matthew Perry obtained the high dose of the powerful prescription drug ketamine that was found in his body and determined to have caused his death, police said.
The disclosure on Tuesday of an ongoing criminal probe by police and two federal agencies came five months after the Los Angeles County medical examiner... (continue reading...)
By Andy Bruce
(Reuters) - British employers handed out pay deals worth almost 5% in the three months to April, the busiest month for annual settlements, according to a survey that adds to signs that pay growth - a major driver of inflation pressure - may be slow to dissipate.
Median basic pay settlements in the three months to April were 4.9% higher than a year earlier, up from 4.6% in the three months to March, according to human... (continue reading...)
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