ROME (AP) — The European Commission signed off Tuesday on the next 21-billion-euro ($20.2 billion) tranche of Italy’s pandemic recovery funds, a welcome infusion that comes amid questions about whether Giorgia Meloni and her euroskeptic party, which won the national election, will be able to keep the funding coming. The outgoing government of Premier Mario…
WARSAW, Poland (AP) — Denmark believes “deliberate actions” caused big leaks in two natural gas pipelines running under the Baltic Sea from Russia to Germany, and seismologists said powerful explosions preceded the leaks. European leaders and experts pointed to possible sabotage amid the energy standoff with Russia provoked by the war in Ukraine. Although filled…
By Marc Jones and Lindsay Dunsmuir (Reuters) -The U.S. Federal Reserve will need to raise interest rates to a range between 4.50% and 4.75%, Chicago Fed President Charles Evans said on Tuesday, a more aggressive stance than he has previously embraced that underscores the central bank’s hardening resolve to quash excessively high inflation. Evans also…
KYIV, Ukraine (AP) — Kremlin-orchestrated referendums that are expected to serve as a pretext for Moscow to annex Russian-held regions of Ukraine concluded Tuesday as the preordained outcome of the votes heightened tension between Russia and the West. Moscow-backed officials in the four occupied regions in southern and eastern Ukraine said polls closed Tuesday afternoon…
By Saqib Iqbal Ahmed, Carolina Mandl and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -Trading in tumultuous foreign exchange markets is akin to being in a casino right now, according to some traders navigating markets that have been whipsawed as central banks and governments try to right their economies. In the last week, sleep-deprived traders have worked…
By Devjyot Ghoshal (Reuters) -Swedish defence products company Saab will set up a facility to manufacture its Carl-Gustaf M4 weapons system in India, a top executive said on Tuesday, as the company looks to ramp up production. The facility will begin production in 2024, Senior Vice President Gorgen Johansson told reporters at a news conference….
HONG KONG (Reuters) – Embattled China Evergrande Group is working with a real estate investment and operations firm owned by the Shenzhen government to complete four property developments in the tech hub, the two companies said. They said in a joint statement posted on the Wechat account of Evergrande’s Shenzhen unit on Monday that as…
MANILA, Philippines (AP) — The Asian Development Bank said Tuesday it will devote at least $14 billion through 2025 to help ease a worsening food crisis in the Asia-Pacific. The development lender said it plans a comprehensive program of support to help the 1.1 billion people in the region who lack healthy diets due to…
By Tom Wilson LONDON (Reuters) – Bitcoin is struggling to go green, with the cryptocurrency making only slim gains in its usage of sustainable energy in the year to January, research by Cambridge university showed on Tuesday. Processing bitcoin transactions and “mining” new tokens is done by powerful computers, hooked up to a global network,…
TOKYO (AP) — Asian shares tumbled Wednesday after a wobbly day ended with mixed results on Wall Street as markets churn over the prospect of a possible recession. Tokyo’s Nikkei 225 index sank 2.2% to 25,984.51 while the Kospi in Seoul lost 2.8% to 2,161.86. In Sydney, the S&P/ASX 200 gave up 0.8% to 6,443.30….
