LONDON (AP) — British Prime Minister Liz Truss is holding her first Cabinet meeting on Wednesday, after appointing a government diverse in race and gender and united in its support for the new leader’s staunchly free-market views. Truss will also face her political opponents for the first time as leader during the weekly Prime Minister’s…
Russian President Vladimir Putin and Chinese President Xi Jinping plan to meet next week in Uzbekistan, a Russian official said Wednesday, announcing a summit that could signal another step in warming ties between two powers that are increasingly facing off against the West. The meeting at the Shanghai Cooperation Organization — a political, economic and…
(Corrects to read Wednesday (not Monday), paragraph 1) HELSINKI (Reuters) – Finnair will reduce its fleet, cut costs and seek to build a geographically more balanced network, the Finnish national carrier said on Wednesday in a new strategy to solve its profitability problems. Finnair has been working on a new strategy and seeking new commercially…
TOKYO (AP) — Asian benchmarks mostly rose Thursday, as investor optimism got a perk from a rally on Wall Street that’s on track to break a three-week losing streak. Japan’s benchmark Nikkei 225 surged nearly 2.0% in morning trading to 27,964.16. Australia’s S&P/ASX 200 gained 0.8% to 6,783.80. South Korea’s Kospi edged up 0.4% to…
HONG KONG (Reuters) – State-owned companies of the Chinese northestern city of Shenyang bought China Evergrande Group’s shareholding in Shengjing Bank in an auction for 7.3 billion yuan ($1.05 billion), Alibaba auction platform showed on Wednesday. In July, Evergrande, the world’s most indebted property developer, said its unit, Evergrande Nanchang, had been ordered to pay…
MODENA, Italy (AP) — As far-right leader Giorgia Meloni ’s push to become Italy’s first female premier gathers momentum, the country’s fractured left is offering voters a contrasting style of feminist politics. Elly Schlein, a 37-year-old U.S.-Italian national who grew up in Switzerland, cut her political organizing chops on two campaigns for former U.S. President…
By Mike Dolan LONDON (Reuters) – Even though fears of another “sterling crisis” have been wide of the mark for decades, they are harder to bat away this time around as a fourth British prime minister in six years takes the helm. In an interview last month, Bank of England chief Andrew Bailey testily dismissed…
WELLINGTON, New Zealand (AP) — Give our country $100 billion — or stop lecturing us about making money from fossil fuels. That was the message East Timor President and Nobel Peace Prize winner José Ramos-Horta had Wednesday for those raising environmental concerns about his nation’s proposal to build a new gas-processing plant. Ramos-Horta was speaking…
BEIJING (AP) — China’s trade weakened in August as high energy prices, inflation and anti-virus measures weighed on global and Chinese consumer demand, while imports of Russian oil and gas surged. Exports rose 7% over a year ago to $314.9 billion, decelerating from July’s 18% expansion, customs data showed Wednesday. Imports contracted by 0.2% to…
A look at the day ahead in European and global markets from Tom Westbrook In the dying days of zero rates in Europe, it is beginning to look like only a 75 basis-point surprise can save the euro, and never mind the pound. The Asia session has belonged to the dollar. It’s up past 144…
