Reuters

(Reuters) - Kraft Heinz is exploring a sale of its Oscar Mayer meats business, the Wall Street Journal reported on Monday, citing people familiar with the matter.

(Reporting by Granth Vanaik in Bengaluru; Editing by Tasim Zahid)

By Asif Shahzad

ISLAMABAD (Reuters) - An International Monetary Fund (IMF) mission has opened discussions with Islamabad on a new loan programme, a Pakistan finance ministry statement said on Monday.

The mission chief, Nathan Porter, met Pakistan's Finance Minister Muhammad Aurangzeb to "kick-start the discussions on further engagement with the fund."

Aurangzeb informed the team of improvements in the macro-economic... (continue reading...)

CANNES (Reuters) - Mohammad Rasoulof, a celebrated Iranian director whose latest film is competing in the Cannes Film Festival, has fled Iran after being sentenced to eight years in prison and flogging.

In a statement dated Sunday, Rasoulof said he was in an unspecified location in Europe. "I had to choose between prison and leaving Iran. With a heavy heart, I chose exile," it said.

Rasoulof said he made the decision after he learned... (continue reading...)

By Mrinalika Roy

(Reuters) - The U.S. pot sector could see an influx of medical research funding from healthcare investors amid renewed interest from pharmaceutical firms, should a proposal to reclassify cannabis as a lower-risk substance be approved, industry experts said.

The current classification as a Schedule I substance has limited research into cannabis due to restricted access to cannabis products, regulatory hurdles and funding... (continue reading...)

(Reuters) - Corporate price gouging has not been a primary driver of U.S. inflation, according to research published on Monday by economists at the Federal Reserve Bank of San Francisco.

While markups for motor vehicles and petroleum products did rise sharply during the 2021-2022 inflation surge, markups across the entire spectrum of U.S. goods and services have been relatively flat during the post-pandemic recovery, the bank's latest Economic Letter... (continue reading...)