CATANIA, Italy (Reuters) - European Union antitrust chief Margrethe Vestager expects further approvals for state funding projects under the European Chips Act, she said after the bloc's approval on Friday of state aid for an STMicroelectronics plant in Italy.
"I'm absolutely sure that there will be more investments in other states and I think they will come relatively soon, but I cannot tell you exactly when," she told a press conference.
... (continue reading...)By Nellie Peyton and Thando Hlophe
JOHANNESBURG (Reuters) - The biggest winner in South Africa's election this week may be former President Jacob Zuma, whose newly formed uMkhonto weSizwe (MK) party has exceeded expectations and emerged as a major factor in the African National Congress' sharp drop in support.
MK is not going to win the election and is unlikely to be a coalition partner, analysts say, while Zuma is barred from standing... (continue reading...)
(Reuters) - U.S. inflation tracked sideways in April, a worrying sign for the U.S. central bank that suggests the elevated pace of price increases could last longer than expected and casts doubt on how soon it will be able to cut interest rates.
The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday, matching the unrevised gain in March.
In... (continue reading...)
WASHINGTON (Reuters) -The United States is imposing new visa restrictions on Chinese and Hong Kong officials over guilty verdicts in the National Security Law trial of pro-democracy organizers in Hong Kong, the State Department said on Friday.
Fourteen Hong Kong pro-democracy activists were found guilty and two were acquitted on Thursday in a landmark subversion trial that critics say could deal another blow to the city's rule of law and its reputation as... (continue reading...)
(Reuters) - Global equity funds witnessed outflows for the first time in five weeks in the week ended May 29, hit by rising U.S. Treasury yields and investor caution ahead of a crucial U.S. inflation report, which may provide insights into the future direction of U.S. interest rates.
According to Lipper data, global equity funds registered $4.9 billion in outflows, marking their first withdrawal since the week ending April 24.
U.S.... (continue reading...)
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