Goldman says jitters about U.S. yield inversion 'overblown'

NEW YORK (Reuters) - Goldman Sachs analysts said on Thursday concerns about a U.S. yield curve inversion among traders as an omen of a looming recession are "overblown," though an inversion is often...


Ethical cocoa schemes no panacea for struggling farmers

LONDON (Reuters) - Global chocolate makers are buying more cocoa sourced through schemes aimed at stamping out poverty as they rush to make their supply chains more ethical ahead of self-imposed 2020 deadlines.


Wall St. eyes lower opening as chip stocks, Apple drop

(Reuters) - Wall Street was on track to open lower on Thursday dragged by declines in chip stocks following a weak forecast from Taiwan Semiconductor, the world's largest contract chipmaker.


Lyft to offset emissions from rides with projects combating climate change

SAN FRANCISCO (Reuters) - Lyft Inc is launching a program on Thursday to offset emissions from the 1.4 million cars that drive for the U.S. ride-hailing service by investing in projects to reduce other sources of greenhouse gas, the company said.

Sport secures U.S. Open tennis rights in UK and Ireland

LONDON (Reuters) - confirmed on Thursday it has secured UK and Ireland rights to broadcast the US Open Tennis Championship, adding its first Grand Slam to a sports offer that already includes action from the ATP World Tour.


Motor racing: F1 steps into fantasy world with equity stake

LONDON (Reuters) - Formula One is targeting the lucrative U.S. fantasy sports market with the launch on Thursday of daily pay-to-play and traditional free F1 games in partnership with Dublin-based PlayON.


Takeda in talks with Shire after $61 billion bid rejected

LONDON/NEW YORK (Reuters) - Japan's Takeda Pharmaceutical is in negotiations with Shire after making a third takeover bid worth around $61 billion that was rejected by the London-listed rare diseases drugmaker.


P&G earnings beat as struggling retailers, costs eat into margins

(Reuters) - The world's largest consumer goods maker Procter & Gamble Co narrowly beat quarterly earnings expectations on Thursday, saying shrinking retailer inventories and higher commodities and transportation costs squeezed margins.

Top News

Nestle, Unilever forego price increases to move product

ZURICH/LONDON (Reuters) - First-quarter sales growth at Nestle and Unilever was driven almost entirely by shifting more goods, in a stark illustration of how hard it is for consumer products makers to raise prices in a competitive retail environment.


Venture capital firm Fort Ross aims to bring more U.S. startups to Russia

SAN FRANCISCO (Reuters) - A venture capital firm aiming to bring more U.S. startups to Russia has raised a $200 million fund, hoping to use the fresh pool of money to help Silicon Valley companies deliver their services to Russia's biggest corporations an


Exclusive: China looks to speed up chip plans as U.S. trade tensions boil - sources

BEIJING (Reuters) - China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone maker ZTE that has underscored the country's reliance on im


France's CGT urges broader anti-Macron protests, other unions keep their distance

PARIS (Reuters) - France's far-left CGT labor union sought to broaden resistance to hard-hitting economic reforms on Thursday, urging employees across the public sector to join striking railway workers in their showdown with President Emmanuel Macron.


Myanmar minister says conditions in Rohingya refugee camps 'very poor'

YANGON (Reuters) - A Myanmar minister expressed concerns on Thursday about "very poor conditions" in Rohingya refugee camps in neighboring Bangladesh, and said repatriation of the Muslim minority should start as soon as possible due to the coming monsoon

United States

Both sides to call toxicologists in Cosby sex assault trial

NORRISTOWN, Pa. (Reuters) - Expert toxicologists for both sides are expected to take the stand on Thursday in the trial of Bill Cosby who is accused of drugging and sexually assaulting a former friend more than a decade ago.


Turkey's ruling party taunts opposition over early election

ANKARA (Reuters) - Turkey's ruling AK Party taunted the main opposition party on Thursday to name a candidate to challenge Tayyip Erdogan for June elections which are expected to tighten the president's 15-year hold on power.


Britain's lower house to debate EU customs union membership

LONDON (Reuters) - Britain's lower house of parliament will debate staying in a customs union with the European Union next week, stepping up pressure on Prime Minister Theresa May to change her Brexit blueprint.


Qualcomm concessions insufficient to clinch NXP deal: commerce ministry

BEIJING (Reuters) - U.S. chipmaker Qualcomm will have to do more to complete its proposed takeover of NXP Semiconductors , a commerce ministry spokesman said on Thursday.


Angolans laugh a little louder as iron grip loosens

LUANDA (Reuters) - A front page complains that the city traffic lights do not work, audiences laugh a little louder at risky political gags, and a policeman admits mistakes were made. After decades of iron rule in Angola, there are signs of a softer touch


Andy Rihs, hearing-aid billionaire and passionate cyclist, dies at 75

ZURICH (Reuters) - Andreas "Andy" Rihs, a Swiss billionaire whose success with the world's largest hearing aid company Sonova financed his passion for professional bicycle racing and soccer, has died at the age of 75.


More than half of world's wealthy expect to live to 100 :survey

LONDON (Reuters) - More than half of wealthy investors around the world expect to live to the age of 100, with almost two in three planning to work longer in life to afford a comfortable retirement, according to a survey on Thursday.


Sky reports strong quarter before bid battle steps up

LONDON (Reuters) - Sky , the pay-TV group at the center of a takeover battle between Fox, Disney and Comcast, reported a strong third quarter on Thursday, underlining its appeal to rival U.S. entertainment groups who want to expand in Europe.


Chelsea's Alonso handed three-match ban, out of FA Cup semi-final

(Reuters) - Chelsea defender Marcos Alonso will miss Sunday's FA Cup semi-final against Southampton after being handed a three-match suspension for violent conduct, the Football Association (FA) said on Thursday.


EU court adviser snubs Nestle KitKat trademark appeal

LUXEMBOURG (Reuters) - A legal adviser to the European Union's top court advised judges on Thursday to reject an appeal by Nestle in defense of its EU trademark for its KitKat chocolate wafer biscuit.

United States

Alabama set to execute 83-year-old convicted bomber

(Reuters) - Alabama is set on Thursday to execute an 83-year-old convicted pipe-bomb killer who could be the oldest person put to death in the modern era of U.S. capital punishment.

United States

Deadly South Carolina prison riot exposes staffing shortage

WASHINGTON (Reuters) - A gang-related melee at a South Carolina prison that ended with seven dead and 17 injured, the deadliest U.S. prison riot in a quarter century, exposed the vulnerability of an understaffed system.


Morgan Stanley seeks new court in Italian derivatives case

ROME (Reuters) - Morgan Stanley on Thursday asked to have a lawsuit against it for 2.7 billion euros ($3.34 billion) in damages thrown out of an Italian administrative court, an Italian judge said.

United States

Judge to rule on bid to dismiss criminal case against Missouri governor

ST. LOUIS (Reuters) - A St. Louis judge is expected to rule on Thursday on a request by Missouri Governor Eric Greitens' lawyers to dismiss a criminal invasion of privacy case brought against the politician in connection with an admitted extramarital affa


Opel CEO says German costs twice those of other plants: source

HAMBURG (Reuters) - Some of Opel's German plants cost twice as much to run as new French owner PSA Group's other factories, Opel's chief executive told employees as the company tries to hammer out an effiency deal with labor leaders in return for investm


U.S. hopes for success in talks with Europeans on Iran nuclear deal

GENEVA (Reuters) - The United State is hopeful of reaching agreement with Britain, France and Germany to address U.S. concerns about the Iran nuclear deal, U.S. disarmament ambassador Robert Wood told a news conference in Geneva on Thursday.


South Korea's Moon says North seeking 'complete denuclearization'

SEOUL (Reuters) - North Korea has expressed its desire for "complete denuclearization" of the Korean peninsula and is not seeking conditions such as U.S. troops withdrawing from the South first, South Korean President Moon Jae-in said on Thursday.


EU says may impose more sanctions on Venezuela if democracy undermined

BRUSSELS (Reuters) - The European Union said on Thursday it could impose further sanctions on Venezuela if it believes democracy is being undermined there, after its president called for elections next month that the main opposition has said it will boyco

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