A sever heatwave continued to batter Pakistan’s largest city of Karachi for a third week, filling hospitals with patients and morgues with boides, officials and rescuers said on Thursday. More than 50 people have died so far due to heatstroke since the start of the latest wave last month, police spokeswoman Summiya Syed said. Dozens […]
(Bloomberg) — Tesla (TSLA) Inc. is expected to report another quarter of weaker sales, and it’s running out of alibis. Most Read from Bloomberg Analysts are estimating the carmaker will report on Tuesday that it handed over 441,019 electric vehicles in the second quarter, a 5.4% drop from a year ago. This would be a […]
Please take it easy outside this week. A prolonged and potentially dangerous heat wave will grip our area this week. High temperatures will be in the 90s much of the week. The humidity will make it feel close to 100 degrees at times during the afternoon and early evening. RELATED COVERAGE: Pittsburghers prepare to beat […]
(Bloomberg) — Russia’s four-week average crude exports ticked up in the period to June 9, ending a run of declines. Most Read from Bloomberg Exports had fallen in each of the previous four weeks on that measure, producing a cumulative cut of 390,000 barrels a day, or 11%. That was the biggest such reversal since […]
SEOUL, South Korea (AP) — South Korea’s government criticized senior doctors at a major hospital for threatening to resign in support of the weekslong walkouts by thousands of medical interns and residents that have disrupted hospital operations. About 12,000 junior doctors in South Korea have been off the job for a month to protest a […]
SEOUL (Reuters) – Bank of Korea Governor Rhee Chang-yong said on Monday recent market concerns over a financially troubled builder are a “warning sign” over the financial risks of prolonged monetary tightening. While managing inflation remains the top priority, it is important to find the right policy mix as South Korea approaches the end of […]
The Federal Reserve has an unhealthy co-dependence with financial markets, El-Erian said.Joshua Roberts/Reuters Mohamed El-Erian said the Fed has an unhealthy co-dependence with markets. It threatens financial stability and the economic well-being of current and future generations, he added. Fed Chair Jerome Powell’s remarks last week fueled rate-cut hopes, triggering a rally across assets. The […]