By Stephen Culp NEW YORK (Reuters) – Wall Street rallied on Friday, ending a week of wild market gyrations marked by signs of peaking inflation and worries that the Federal Reserve might tighten policy too aggressively. Rebounding megacap tech and tech…
N.Korea reports first COVID-19 death as fever spreads ‘explosively’
By Hyonhee Shin and Josh Smith SEOUL (Reuters) -At least one person confirmed to have COVID-19 has died in North Korea and hundreds of thousands have shown fever symptoms, state media said on Friday, offering hints at the potentially dire scale of coun…
Analysis: South Korea’s high-speed 5G mobile revolution gives way to evolution
By Byungwook Kim SEOUL (Reuters) – South Korea was the first country to launch a fifth-generation mobile network in 2019, heralding a warp-speed technological transformation to self-driving cars and smart cities. Three years on, the giddy promises are …
U.S. citizen tells of tearful reunion after Ukraine rescue mission
By Alan Charlish and Hedy Beloucif WARSAW (Reuters) – A U.S. citizen who says he was held captive and beaten by Russian forces in Ukraine before being rescued by a private volunteer group spoke of his relief at reaching safety in Poland, describing his…
Europe’s gas supply crisis grows after Russia imposes sanctions
By Joseph Nasr and Markus Wacket BERLIN (Reuters) -Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries of state-owned Gazprom a day after Ukraine stopped a major gas transit r…
S&P drops on fears of prolonged inflation
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended a whipsaw session lower on Thursday, as investors fretted inflation could remain elevated for longer than expected, which could prompt the Federal Reserve to hike interest rates ever more aggressiv…
Abortion rights groups push to turn anger into action
By Joseph Ax (Reuters) – In the days after a draft leaked showing the U.S. Supreme Court is poised to strike down Roe v. Wade and a national right to abortion, the left-wing group MoveOn doubled its weekly fundraising. A Michigan effort to place aborti…
Biden marks one million U.S. COVID deaths after losing political battles
By Trevor Hunnicutt and Jeff Mason WASHINGTON (Reuters) -President Joe Biden on Thursday commemorated the COVID-19 deaths of 1 million people in the United States, marking what he called “a tragic milestone” and urging Americans to “remain vigilant” du…
Biden presses companies on infant formula, FDA eyes more imports
By Jeff Mason, Susan Heavey and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden met on Thursday with executives from infant formula manufacturers and retailers including Target, Walmart and Nestle’s Gerber, pressing them to do everythin…
Sri Lanka names new PM in bid to address growing crisis
By Alasdair Pal and Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka appointed a new prime minister on Thursday, as its embattled president seeks a way out of the country’s worst economic crisis since independence that has sparked widespread protests. Ra…