By David Morgan WASHINGTON (Reuters) – President Joe Biden and top Republicans and Democrats from Congress are set to sit down this week to try to resolve a three-month standoff over the $31.4 trillion U.S. debt ceiling and avoid a crippling default before the end of May. The Democratic president is calling on lawmakers to…
By Patricia Zengerle WASHINGTON (Reuters) -The Republican chairman of the U.S. House of Representatives Foreign Affairs Committee threatened Secretary of State Antony Blinken with contempt of Congress if he does not comply with a subpoena seeking a classified cable related to the August 2021 U.S. withdrawal from Afghanistan. In a letter to Blinken dated Friday…
By Michael S. Derby (Reuters) – U.S. consumers said last month they expected slightly lower inflation in a year’s time, the New York Federal Reserve said in a report that also showed the bank stresses that kicked off in March weren’t weighing heavily on the moods of Americans. The regional Fed bank reported as part…
By Blake Brittain (Reuters) – Apple Inc on Monday failed to convince a U.S. appeals court that security startup Corellium Inc infringed its copyrights by simulating its iOS operating system to help researchers find security flaws in Apple devices. The 11th U.S. Circuit Court of Appeals said Corellium lawfully recreated Apple’s system under the U.S….
BEIJING (Reuters) -China’s Foreign Minister Qin Gang said on Monday it is imperative to stabilise Sino-U.S. relations after a series of “erroneous words and deeds” threw ties back into a deep freeze. Qin, in a meeting in Beijing with U.S. ambassador Nicholas Burns, stressed in particular that Washington must correct its handling of the Taiwan…
KHARTOUM (Reuters) -Sudanese are pinning their hopes on talks in Saudi Arabia between envoys of warring factions to end bloodshed that has killed hundreds and triggered a mass exodus, but there is no sign lasting relief will come anytime soon. There has been no word on the progress of the talks which began on Saturday…
SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad ended months of uncertainty on Monday as he revealed that Gabriel Galipolo, his second-in-command at the ministry, will be nominated for a top position at the central bank, which the government has heavily criticized for its high borrowing costs. Haddad said that Galipolo, the former CEO…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose over 2% on Monday as U.S. recession fears eased and some traders saw crude’s three-week slide on demand worries as overdone. Brent crude settled up $1.71, or 2.3%, at $77.01. U.S. West Texas Intermediate (WTI) crude also gained $1.82, or 2.6%, to $73.16. A healthy U.S….
By Tom Polansek and Granth Vanaik (Reuters) -Tyson Foods Inc shares plunged 16% to a three-year low on Monday as the U.S. meatpacker posted a surprise second-quarter loss and cut its full-year revenue forecast amid slowing consumer demand. The weaker-than-expected results indicate cash-strapped shoppers are cutting back on meat spending in a high-inflation environment while…
By Jonathan Stempel (Reuters) – One of the biggest hits from the just-concluded annual love fest for Warren Buffett showed the enduring popularity of the investing legend: plush, squishy toys featuring the billionaire and his business partner Charlie Munger. On Friday, the start of Berkshire Hathaway Inc’s three-day shareholder weekend, thousands thronged a convention hall…
