By Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co will shutter its immersive Star Wars-themed luxury hotel in Orlando this September, less than two years after it opened, as the media giant cuts costs throughout its entertainment and parks businesses. Disney announced the closing of the two-night “Star Wars: Galactic Starcruiser” hotel and experience…
BERLIN (Reuters) – German producer prices posted their slowest annual increase in two years in April, according to data released on Friday, in a tentative sign that inflation may ease further in Europe’s largest economy. Producer prices of industrial products were up 4.1% in April on the same month last year following a 6.7% rise…
By Byron Kaye and Lewis Jackson SYDNEY (Reuters) -Australia’s Westpac Banking Corp said it will refinance loans for some borrowers who don’t meet an industry standard that assesses their ability to repay, putting pressure on the bank regulator to relax guidelines after a year of interest rate hikes. The country’s No. 2 mortgage provider has…
By Byron Kaye and Lewis Jackson SYDNEY (Reuters) -Australia’s Westpac Banking Corp said it will refinance loans for some borrowers who don’t meet an industry standard that assesses their ability to repay, putting pressure on the bank regulator to relax guidelines after a year of interest rate hikes. The country’s No. 2 mortgage provider has…
(Reuters) – A French government plane is taking Ukrainian President Volodymyr Zelenskiy to the Arab League Summit in Saudi Arabia and will later take him to the G7 leaders’ summit in the Japanese city of Hiroshima, a source familiar with the matter told Reuters. Zelenskiy will attend the Arab League summit later on Friday, the…
By Pavel Polityuk KYIV (Reuters) – Russia launched a new wave of overnight air strikes on Ukraine early on Friday, setting ablaze several buildings in President Volodymyr Zelenskiy’s hometown and seriously wounding a 64-year-old woman, Kyiv said. Moscow has stepped up its campaign of long-range attacks in the last month, shifting from a winter tactic…
By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK (Reuters) – Thailand’s progressive Move Forward party on Friday said potential coalition partners need not support its controversial stance on amending the royal insult law, as it seeks to win the backing of other parties to form a government. Move Forward, led by Pita Limjaroenrat, won the most…
By Matthias Williams, Olena Harmash and John O’Donnell LONDON/KYIV (Reuters) – Ukraine wants its allies to be bolder in imposing sanctions on Russia, including by targeting banks that provide financial services to serving soldiers, a senior adviser told Reuters. Vladyslav Vlasiuk, who advises President Volodymyr Zelenskiy’s chief of staff, also urged allies not to fear…
MOSCOW (Reuters) – Wagner founder Yevgeny Prigozhin said on Friday that the city of Bakhmut was unlikely to fall to his mercenary forces in the next two days as fighting raged around Ukrainian soldiers holed up in a makeshift “fortress” in the south of the city. The Ukrainian city of Bakhmut, known in Russia by…
By Leika Kihara TOKYO (Reuters) – As inflation has run past the Bank of Japan’s 2% target, governor Kazuo Ueda has had no shortage of advice from fellow academics on how best to communicate the future path of monetary policy including a possible exit from its massive stimulus. The proposals include call for the BOJ…
