News That Matters

Tag: TOPNWS

Australia business activity booms in July, costs surge
Business

Australia business activity booms in July, costs surge

View of a construction site for a train station on the Sydney Metro, Australia July 22, 2021. REUTERS/Sam HolmesRegister now for FREE unlimited access to Reuters.comRegisterSYDNEY, Aug 9 (Reuters) - A measure of Australian business confidence rebounded in July as sales and profits held up surprisingly well in the face of rising interest rates and high inflation, though firms also reported record costs amid supply constraints.Tuesday's survey from National Australia Bank Ltd (NAB) (NAB.AX) showed its index of business conditions climbed 6 points to +20 in July, well above its long-run average.Its measure of confidence bounced 5 points to +7, reversing June's decline and leaving it just above the long-run average.Register now for FREE unlimited access to Reuters.comRegister"The strength i...
Factbox: Egypt keeps former powerhouse Muslim Brotherhood out of politics
Politics

Factbox: Egypt keeps former powerhouse Muslim Brotherhood out of politics

A Muslim Brotherhood member shouts solgans in front of riot police during a demonstration protesting the government's decision to transfer two Red Sea islands to Saudi Arabia, in front of the Press Syndicate in Cairo, Egypt, April 15, 2016. REUTERS/Amr Abdallah DalshRegister now for FREE unlimited access to Reuters.comRegisterJuly 29 (Reuters) - After years of sweeping crackdowns on dissent, Egypt is set to launch a political dialogue, but the once-powerful and now outlawed Muslim Brotherhood is excluded.Long viewed as the most influential Islamist movement in the Middle East, the Brotherhood rose to power in Egypt's first modern free election in 2012, a year after veteran President Hosni Mubarak was toppled in a popular uprising.But the Brotherhood's success, which followed decades of...
Lift-maker Otis agrees to sell Russia business to local investment firm
Business

Lift-maker Otis agrees to sell Russia business to local investment firm

This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, July 27 (Reuters) - Lift-maker Otis Worldwide Corp (OTIS.N) said on Wednesday it had agreed to sell its Otis Russia business to Russia-based investment company Ice Development."After carefully considering the global impacts and consequences of the ongoing crisis and humanitarian tragedy across Eastern Europe, including supply chain disruptions and mounting regulations, we determined that Otis' ownership of our business in Russia is no longer sustainable," Otis said in a statement.Scores of companies have opted to exit Russia or announced plans to do so since Moscow sent tens of thousands of troops into Ukraine on Feb. 24.Register now for FREE unlimited access to Reuters....