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By Aditya Kalra NEW DELHI (Reuters) -India’s government has drafted a proposal to ease foreign investment rules to allow e-commerce companies such as Amazon to buy products directly from Indian sellers and then sell them to overseas customers, a document showed. India prohibits foreign e-commerce companies from selling goods directly to consumers at home or …

India proposes to ease investment rules in possible win for Amazon Read More »

By Devayani Sathyan BENGALURU (Reuters) -The Reserve Bank of Australia will keep its cash rate at 3.60% next week, all the economists in a Reuters poll said, as the labour market remains tight and policymakers wait to see firm signs that inflation is easing. While the consensus view for a year-end rate of 3.35% remained intact, …

RBA to hold rates on September 30 but cut likely after Q3 inflation: Reuters poll Read More »

By Juby Babu and Kanishka Singh (Reuters) -Microsoft said on Thursday it has disabled some services used by an Israeli military unit after preliminary evidence supported a media investigation that reported mass surveillance of Palestinian phone calls. A joint investigation published in August by the Guardian and other media outlets found that an Israeli military …

Microsoft halts services to Israeli military unit amid probe into surveillance of Palestinians Read More »

BEIJING (Reuters) -China’s commerce ministry initiated an anti-dumping investigation into pecans imported from the United States and Mexico on Thursday, signalling more global trade tensions and increased friction with the two nations. Beijing’s move came as Mexico proposed to raise tariffs on goods across multiple sectors, including textiles, steel and automotive, from China and other …

China probes US, Mexican pecan imports, Mexico’s restriction measures Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks ended moderately lower on Thursday, with most S&P 500 sectors down as economic data increased uncertainty over the outlook for interest rate cuts from the Federal Reserve. Data showed initial jobless claims dropped 14,000 to a seasonally adjusted 218,000 for the week ended September 20. Other data …

Wall Street indexes finish lower, data raises uncertainty for rate-cut outlook Read More »

By Anuja Bharat Mistry -Costco Wholesale beat fourth-quarter revenue and profit estimates on Thursday, as Americans hunting for bargains flocked to the membership-only retail chain to snap up lower-priced essentials. With household budgets under pressure due to rising inflation and a weakening labor market, consumers are increasingly seeking value, which has helped retailers such as …

Costco tops quarterly estimates as Americans seek bargains amid inflation Read More »

By Blake Brittain (Reuters) -A federal judge in California on Thursday preliminarily approved a landmark $1.5 billion settlement of a copyright class action brought by a group of authors against artificial intelligence company Anthropic, according to the authors’ representatives. The proposed deal marks the first settlement in a string of lawsuits against tech companies including …

US judge preliminarily approves $1.5 billion Anthropic copyright settlement Read More »