By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan’s military has struck back after an unprecedented challenge to its hegemony by the popular Imran Khan and his followers, but the nuclear-armed nation remains caught between its most powerful institution and the man who was once a firm ally. Khan’s arrest on corruption charges earlier this month,…
(Reuters) – U.S. stock index futures remained nearly flat in the early hours of Monday, just ahead of the discussions about raising the debt ceiling after a brief pause late last week, while shares of Micron Technology Inc fell following China’s ban on its chips. Hopes that a deal would be struck sometime over the…
DUBLIN (Reuters) – Meta was hit on Monday with a record 1.2 billion euro ($1.3 billion) fine by its lead privacy regulator in the European Union for its handling of user information and given five months to stop transferring users’ data to the United States. The fine imposed by Ireland’s Data Protection Commissioner (DPC) concerned…
KYIV (Reuters) -Ukraine said on Monday its troops were still advancing on the flanks of the devastated eastern city of Bakhmut, although the “intensity” of their movement had decreased and Russia was bringing in more forces. Russia said on Saturday it had completely taken Bakhmut, but Ukrainian officials have said since then that Kyiv’s forces…
By Andy Sullivan and Jacqueline Thomsen WASHINGTON (Reuters) – President Joe Biden on Sunday said he believes he has the legal right to invoke the 14th Amendment of the U.S. Constitution to raise the federal government’s $31.4 trillion debt ceiling but does not have the time to do so. Some fellow Democrats have been urging…
(Reuters) -London-based law firm Allen & Overy and New York’s Shearman & Sterling plan to merge, they announced on Sunday, in a deal that would create one of the world’s largest legal practices with combined global revenue of approximately $3.4 billion. If approved by a vote of partners at both firms, the tie-up would be…
By Kate Abnett BRUSSELS (Reuters) – The European Parliament has delayed a planned vote to approve new EU renewable energy targets, after France and other countries lodged last-minute opposition to the law last week, according to an internal email seen by Reuters. The vote in the Parliament’s energy committee had been due to take place…
LONDON (Reuters) -There’s no shortage of events, data and high drama for markets in the days ahead. Wrangling over the debt ceiling in Washington continues, Greek voters head to the polls and data from the United States to China and Europe could show just how quickly inflation and economic growth are easing. Here’s a look…
By Yantoultra Ngui SINGAPORE (Reuters) – Malaysian tycoon Syed Mokhtar Al-Bukhary is looking at bringing in an investor into MMC Port Holdings – a deal that could value the country’s biggest port operator at more than 12 billion ringgit ($2.7 billion), two people with knowledge of the matter said. His conglomerate MMC Corp may sell…
BUCHAREST (Reuters) – Romanian teachers went on strike over pay on Monday for the first time since 2005 after last-minute negotiations with the coalition government failed. A new teacher in Romania takes home just under 2,400 lei ($537) per month, not much more than half the national average monthly take-home pay of 4,554 lei ($1,019)….
