By Alessandro Parodi (Reuters) – China’s Ding Liren was crowned on Sunday as the 17th world chess champion in a tense match against Russian-born Ian Nepomniachtchi in Astana, Kazakhstan, in the last chapter of an odds-defying sequence of events. Thirty-year-old Ding won the rapid chess playoff by 2.5 points to 1.5, capitalizing on Nepomniachtchi’s mistakes…
By Lidia Kelly (Reuters) -Ukraine remains in control of a key supply route into Bakhmut, a military spokesperson said on Saturday, as the head of Russia’s mercenary Wagner Group threatened to withdraw some of his troops from the eastern city if Moscow did not send more ammunition. Russian forces have been trying for 10 months…
(Reuters) -A man shot dead five neighbors including an 8-year-old boy after some of them had asked him to stop shooting a semiautomatic rifle in his front yard in Cleveland, Texas, because it was keeping their baby awake, police said on Saturday. Police were still looking for the suspect, who used an AR-15-style rifle in…
(Reuters) -An armed attack has killed 10 people in the Ecuadorean port city of Guayaquil, the public prosecutor’s office of Ecuador and police reported on Sunday. Three people were wounded, including a 5-year-old girl, police said on Sunday. A rifle and 9-millimeter caliber guns were found at the scene, the Ecuadorean Prosecutor’s Office posted on…
TASHKENT (Reuters) -Uzbekistan votes on constitutional amendments on Sunday that promise its citizens greater social protections in exchange for resetting President Shavkat Mirziyoyev’s term count to zero, which could allow him to run for two more seven-year terms. Mirziyoyev, 65, has been praised at home and abroad as a liberal reformer for abandoning the previous…
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) – The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition financing plan, hoping to overcome a challenging environment for leveraged buyouts and fetch the company’s asking price of more than $10 billion,…
By Chris Prentice and Nupur Anand NEW YORK (Reuters) – PNC Financial Services Group and JPMorgan Chase & Co were among banks set to submit final bids for First Republic Bank by midday Sunday in an auction being run by U.S. regulators, sources familiar with the matter. The Federal Deposit Insurance Corp is expected to…
HOUSTON (Reuters) – The U.S. will not block a court auction of shares in oil refiner Citgo Petroleum Corp’s parent, Justice Department officials told a federal court, paving the way for a potential seizure by creditors of Venezuela’s most-prized foreign asset. The U.S. Treasury Department since 2020 has protected Citgo from creditors with claims against…
By Chris Prentice, Saeed Azhar, Lananh Nguyen and Paritosh Bansal (Reuters) – U.S. regulators are trying to clinch a sale of First Republic Bank over the weekend, with roughly half a dozen banks bidding, sources said on Saturday, in what is likely to be the third major U.S. bank to fail in two months. Citizens…
By Chris Prentice, Saeed Azhar, Lananh Nguyen and Paritosh Bansal (Reuters) – U.S. regulators are trying to clinch a sale of First Republic Bank over the weekend, with roughly half a dozen banks bidding, sources said on Saturday, in what is likely to be the third major U.S. bank to fail in two months. Citizens…