By Andrew Mills DOHA (Reuters) – The Arab League’s welcoming back of Syria’s President Bashar al-Assad into its ranks highlights how far behind Qatar has fallen in its bid to be a diplomatic voice that carries weight in the Middle East. Earlier this month Qatar reluctantly withdrew its opposition to Saudi Arabia’s initiative to readmit…
By Allison Lampert MONTREAL (Reuters) – A faceoff this week between WestJet Airlines and its pilots over pay could set the stage for aviators’ demands in future bargaining with Air Canada. Pilots at Onex Corp-owned WestJet gave notice on Monday that they could go on strike as early as Friday, raising fears of travel disruptions…
By Howard Schneider AMELIA ISLAND, Florida (Reuters) – The pummeling taken by bank bond portfolios during more than a year of rising interest rates fueled worries this spring after the collapse of Silicon Valley Bank that a spiraling financial crisis might soon develop and crash the U.S. economy. New research, though, indicates those investment losses…
A look at the day ahead in U.S. and global markets from Naomi Rovnick Risk appetite has perked up on global markets thanks to optimism that U.S. Democrats and Republicans are nearing a deal to raise the debt ceiling and avoid an economically catastrophic default. European and Asian shares rose on Thursday, the dollar held…
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) -Russia’s largest lender Sberbank on Thursday reported record first-quarter net profit of 357.2 billion roubles ($4.6 billion) and raised forecasts for several indicators, keeping the bank on course to rebound sharply from a difficult 2022. The central bank ordered Russian banks to limit disclosures soon after Moscow…
By Daniel Trotta (Reuters) -Florida Governor Ron DeSantis on Wednesday signed into law a bill that bans gender-affirming medical care such as puberty blockers or hormone therapy for transgender youth, and also enacts obstacles for adults to access treatment. Taking effect in the third most populous U.S. state, the law escalates a Republican political strategy…
By John Revill and Julie Zhu ZURICH/HONG KONG (Reuters) -Swiss agrichemicals and seeds group Syngenta has withdrawn its application to float on Shanghai’s tech-focused STAR Market and will instead seek a listing on the main board of the Shanghai Stock Exchange, the company said on Thursday. Syngenta is seeking to rescue its 65-billion-yuan ($9.4-billion) IPO,…
By Ruma Paul and Sudarshan Varadhan DHAKA (Reuters) – Apparel makers in Bangladesh are considering rare bulk exports by air to Europe and the United States, as they race to meet deadlines and avoid cancellations after a cyclone delayed shipments, caused power cuts and disrupted production. The crunch could disrupt summer clothes supplies for retailers…
BERLIN (Reuters) – Germany’s powerful auto industry association is urging the European Union and Britain to postpone post-Brexit rules it says would hamper the transition to electric vehicles, potentially boosting the hand of UK-based carmakers calling for the same. Under the trade deal agreed when Britain left the EU, 45% of the value of an…
By Steve Holland WASHINGTON (Reuters) – President Joe Biden’s re-election campaign attempted to set the tone for the battle to come on Thursday, saying the incumbent Democrat will have many roads to victory in 2024. Despite polls showing tepid support for the 80-year-old president who would be 86 by the end of a second term,…
