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Fed report cites ‘stepped-up’ inflation

By Howard Schneider and Ann Saphir WASHINGTON, July 10 (Reuters) - U.S. inflation "stepped up further this spring" as the evolving impact of tariffs, energy costs driven higher by conflict in the Middle East, and the booming buildout of artificial intelligence technology boosted price pressures ...
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Shopify tells users to remove vapes from online stores

By Emma Rumney LONDON, July 10 (Reuters) - Shopify has told customers using its web-hosting services to remove vape products from their online stores, according to a notice seen by Reuters and confirmed by the company on Friday. Reuters reported in June that the Ottawa-based ...
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Trump will let bipartisan housing bill become law without signing in protest over GOP voter ID law

WASHINGTON (AP) - President Donald Trump will let the bipartisan housing bill approved by Congress become law without his signature, saying Friday that he was refusing to put his name on it because of the little progress made in passing a strict voter ID ...
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Kia launches new recall for 463,000 Telluride SUVs due to fire risk, urges owners to park outside

NEW YORK (AP) - Kia America has issued a new recall for nearly 463,000 of its Telluride SUVs, urging owners to again park their vehicles outside and away from buildings after several customers reported fires following previous repairs. The recall, announced this week by the ...
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EU regulators hit US wall in quest for private credit data

By Francesco Canepa FRANKFURT, July 10 (Reuters) - European financial supervisors seeking a clearer picture of banks' exposure to private credit markets are running into resistance from the U.S. Treasury, highlighting a widening transatlantic divide over financial regulation, officials say. European authorities are increasingly concerned about ...
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Morning Bid: Japan calling capital home

A look at the day ahead in European and global markets from Ankur Banerjee Japanese markets got a shot in the arm after the government indicated it wants the country's state pension funds to increase investments in domestic assets, an eagerly awaited move to spur ...
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In any language: English speakers are tuning into World Cup broadcasts in Spanish

MIAMI (AP) - Ashleigh Hallam teaches English as a second language at her local library in Indiana. Soccer is now teaching her Spanish as a second language. For her, this World Cup couldn't make more sense. Hallam is among a sizable number of English-speaking people in ...
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UAE’s E& to sell Vodafone stake to French telecoms tycoon Niel for nearly $6 billion

July 10 (Reuters) - UAE telecoms group E& said on Friday it would sell its stake in Vodafone for $5.95 billion to the family group of French billionaire Xavier Niel, ending its investment in the British firm after a review of its international portfolio. The ...
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New York sues 3M, DuPont and other companies over so-called forever chemicals

ALBANY, N.Y. (AP) - New York's attorney general sued several large chemical and agricultural companies on Thursday, alleging they knowingly sold harmful so-called forever chemicals used in cosmetics, non-stick cookware and other products. The lawsuit against 3M, DuPont de Nemours, The Chemours Company and ...
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iHeart agrees to resolve US probe into airplay practices

WASHINGTON, July 9 (Reuters) - IHeartMedia resolved a Federal Communications Commission probe into allegations its radio stations pressured artists to perform at station-hosted music shows or festivals in exchange for more favorable airtime for their songs, the agency said Thursday. The FCC ...
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Citigroup expands cross-border instant payments to partner banks

By Tatiana Bautzer NEW YORK, July 9 (Reuters) - Citigroup said it completed its first instant international payment in dollars with a partner bank, Thailand's Siam Commercial Bank. • Phillip Securities Thailand, a client of SCB, made an instant transfer of funds in dollars from ...
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US relies more on foreign stock than debt flows, a dollar risk, Deutsche Bank warns

By Amanda Cooper LONDON, July 9 (Reuters) - The United States is relying more than ever on international flows into its companies' shares than investments in its debt to fund itself, a shift that could make the dollar riskier, Deutsche Bank said in a note ...
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