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By Rowena Edwards LONDON (Reuters) -Oil prices were on track for a hefty weekly loss as economic and interest rate uncertainty weighed, though prices were stable on Friday as the euro zone recovery gathered pace unexpectedly. Brent futures for June delivery rose 11 cents, or 0.14%, to $81.21 a barrel by 1148 GMT. West Texas Intermediate crude (WTI) for June delivery was up 13 cents, or 0.17%, at $77.50. Both […]

By Aditya Kalra NEW DELHI (Reuters) -An Indian court has rejected Chinese phonemaker Xiaomi Corp’s petition against the seizure of 55.51 billion rupees ($676 million), two sources familiar with the matter told Reuters on Friday. Xiaomi’s assets in India were frozen last year by the federal financial crime agency which alleged the company had made illegal remittances to foreign entities by passing them off as royalty payments. “We are studying […]

(Reuters) – Rising concerns of a recession following weaker economic data and expectations the Fed will keep hiking rates to tame inflation led to outflows from global equity funds in the week ended April 19. Data from Refinitiv Lipper showed investors sold equity funds worth $2.25 billion in the week, compared with a $215 million net purchase the previous week. Fund flows: Global equities, bonds and money markets, https://www.reuters.com/graphics/GLOBAL-FLOWS/GLOBAL-FLOWS/gdpzqmloqvw/chart.png U.S. […]

BENGHAZI, Libya (Reuters) – Libyans are celebrating Islam’s Eid al-Fitr holiday – and ending their month-long Ramadan fast – on different days this year because of bitter political splits that persist despite years of peace efforts. Religious authorities in east Libya, aligned with the parliament which is based there, said they had sighted the crescent moon on Thursday, making it the last day of fasting and setting Friday as Eid. […]

By Amanda Cooper LONDON (Reuters) – The dollar headed for its first weekly gain in nearly two months on Friday as investors raised their bets that the Federal Reserve will increase rates in May, while a surprising recovery in the euro zone economy in April underpinned the euro. The dollar index, which measures the performance of the U.S. currency against six others, rose 0.1% on the day and headed for […]

PARIS (Reuters) – The night session at the French Open will be brought forward by half an hour this year, tournament director Amelie Mauresmo said on Friday. “It will start at 2000 (local time) with an interactive show and the first point will be played at 2030,” she told a news conference. Last year, players entered the Court Philippe Chatrier to warm up at 2045 (1845GMT), and the scheduling drew […]

MILAN (Reuters) -Italy’s antitrust authority said on Friday it had taken measures against Meta Platform over an alleged abuse of its position in the country, in a probe involving the rights to music posted on the group’s platforms. Meta, the U.S. group which owns Facebook, WhatsApp and Instagram, last month failed to reach a deal with the Italian society of authors and publishers SIAE, to renew copyright licences. As a […]

By Matt McKnight and Daniel Trotta BROOMFIELD, Colorado (Reuters) – Colorado-based Biofire Tech is taking orders for a smart gun enabled by facial-recognition technology, the latest development in personalized weapons that can only be fired by verified users. But in a sign of the long, challenging road that smart guns have faced, a prototype twice failed to fire when demonstrated for Reuters this week. Company founder and Chief Executive Kai […]

(Reuters) – Soccer agent Adrian Ward and Colossal Sports Management have been suspended from all intermediary activity until December 2024 after they allegedly made approaches to a minor in 2019, England’s Football Association (FA) said on Friday. The FA’s regulations prohibit agents from approaching players to enter a contract before Jan. 1 in the calendar year of their 16th birthday. The FA alleged Ward had “directly or indirectly” made an […]