By Stephanie Kelly (Reuters) – Oil prices edged lower on Thursday, easing on concerns over plentiful supply after surging nearly 3% during the previous session. Brent crude futures dipped 24 cents to $76.72 a barrel. U.S. West Texas Intermediate crude dropped 21 cents to $72.62. Both benchmarks rose nearly 3% on Wednesday on optimism over…
WASHINGTON (Reuters) – Montana Governor Greg Gianforte on Wednesday signed legislation to ban Chinese-owned TikTok from operating in the state to “protect Montanans” from alleged Chinese surveillance, making it the first U.S. state to ban the popular short video app. Here is a detailed list of U.S. allegations against the company and its parent, Bytedance….
By Jamie McGeever ORLANDO, Florida (Reuters) – Long Japan, short China. If there is a general macro, relative value trade playing out right now, it might be that as the contrasting fortunes of Asia’s economic and financial behemoths become starker by the day. China’s economy is rapidly losing steam and investor appetite for Chinese assets…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand is set to deliver what it calls a “no frills” budget on Thursday as falling tax revenues squeeze coffers and inflation risks cap cyclone reconstruction efforts, constraining stimulus as the Labour government faces an election this year. Finance minister Grant Robertson has said the budget will focus…
By Nick Carey and Barbara Lewis LONDON (Reuters) – Tyre-makers are under pressure to almost literally reinvent the wheel as regulators turn their scrutiny to tyre pollution that is set to surge with the rise of electric vehicles (EVs) and threatens to undermine those cars’ green credentials. When tyres make contact with the road,…
By Alexandra Valencia QUITO (Reuters) -Ecuador’s President Guillermo Lasso dissolved the National Assembly by decree on Wednesday, bringing forward legislative and presidential elections and heading off an attempt by opposition politicians to impeach him. Police and military decked in riot gear guarded the National Assembly building from behind barricades in capital Quito, allowing no one…
By Andrew Chung (Reuters) -The U.S. Supreme Court on Wednesday left in place a Democratic-backed ban on assault-style rifles and large capacity magazines enacted in Illinois after a deadly mass shooting in Chicago’s Highland Park suburb in 2022, handing a setback to gun rights advocates. The court denied a request by the National Association for…
CANNES (Reuters) – Johnny Depp pushed back at suggestions he was making a comeback with the Cannes Film Festival’s opening movie “Jeanne du Barry” following a high-profile defamation trial a year ago, though he admitted people had “stopped calling” at the time. “I keep wondering about the word comeback, because I didn’t go anywhere,” Depp…
By Daniel Trotta (Reuters) – The writers’ group PEN America, authors and parents on Wednesday sued a Florida school district over its book bans, alleging educators violated the First Amendment right to free speech and their own policies in removing titles from school libraries. The Escambia County School District and School Board have targeted books…
By Nerijus Adomaitis OSLO (Reuters) – A former commander of Russia’s Wagner group who sought asylum in Norway after crossing the Russian-Norwegian border in January said on Wednesday he wanted to return to Russia even though he believed this could pose a risk to his life. Andrei Medvedev, who has previously spoken about his time…
