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Australia’s far-right party makes further gains, taking seat in western state
56+ min ago (340+ words) SYDNEY, Aug 30 (Reuters) – Australia’s far-right One Nation party won a seat in a state parliament long held by Prime Minister Anthony Albanese’s centre-left Labor Party, continuing a surge that had gained the populist group its first seat in the national…...
Italian state broadcaster RAI removes veteran journalist, sparking political storm
14+ hour, 31+ min ago (494+ words) ROME, Aug 29 (Reuters) – Italian opposition parties have denounced an attack on press freedom after state broadcaster RAI removed a veteran journalist as presenter of its flagship investigative programme, while government allies have welcomed the move. The case has reignited a…...
Factbox-Companies face backlash over controversial products and advertisement campaigns
4+ day, 9+ hour ago (461+ words) Aug 25 (Reuters) – Backlash over a Halloween costume sold by Target spilled into the retailer’s shares on Tuesday, drawing fresh attention to a string of similar controversies that have plagued global brands over cultural missteps. Here are some examples: Brand Product…...
Explainer-Jackson Hole’s big question: who pays the government’s bill?
4+ day, 13+ hour ago (756+ words) Aug 25 (Reuters) – Rising borrowing costs for heavily indebted governments and growing strains in sovereign bond markets are forcing investors to confront a question once considered unthinkable: will central banks ultimately be called on to help pay the bill? This topic…...
Six months into Iran war, almost half of global oil flows from war zones
4+ day, 22+ hour ago (376+ words) By Seher Dareen, Anushree Mukherjee and Robert Harvey LONDON Aug 25 (Reuters) – Almost half the world’s oil comes from countries affected by conflict in 2026, Reuters calculations show, underscoring that current disruptions have eclipsed previous energy crises. Six months ago, U.S....
Coles falls on weak start to 2027 as Woolworths’ collectibles campaign dents sales
5+ day, 4+ hour ago (344+ words) Aug 25 (Reuters) – Australia’s Coles Group reported a softer-than-expected start to fiscal year 2027 on Tuesday as rival Woolworths’ collectibles campaign weighed on its Supermarkets division’s sales growth, sending its shares to a 12-week low. The country’s second-largest grocer said Supermarkets sales…...
Morning Bid: Mixing economic wars, trade wars and actual wars
5+ day, 19+ hour ago (487+ words) Aug 24 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been a nervy start to the week for markets in Asia with the main move being a 1.5% drop in oil prices as investors…...
Soccer-World Cup winners, FIFA legends say Infantino blinded by power
5+ day, 12+ hour ago (414+ words) Aug 24 (Reuters) – A group of former international players, including World Cup winners and FIFA legends, called on Monday for immediate change at world soccer’s governing body, saying its leadership under embattled President Gianni Infantino had been blinded by power. Infantino…...
Scandal-hit KPMG Australia to cut nearly 400 jobs, warns of difficult market
5+ day, 22+ hour ago (451+ words) SYDNEY, Aug 24 (Reuters) – KPMG Australia, embroiled in scandal over the misuse of confidential client information, said on Monday it would cut about 5% of its workforce, affecting 27 partners and around 360 employees, and warned of difficult market conditions next year. Most of…...
Explainer-Why is Trump talking about the Keystone XL oil pipeline?
1+ week, 1+ day ago (416+ words) WHAT IS KEYSTONE XL? Keystone XL was a proposed crude pipeline, roughly 1,900 km (1,181 miles) long, which would have carried 830,000 barrels per day of oil from the oil sands of northern Alberta to the major U.S. storage hub at Cushing, Oklahoma, and…...