By Tom Balmforth, Anna Dabrowska LONDON/KYIV (Reuters) -A two-day incursion from Ukraine into Russia’s western borderlands could force the Kremlin to divert troops from front lines as Kyiv prepares a major counteroffensive, and deal Moscow a psychological blow, according to military analysts. Though Kyiv has denied any role, the biggest cross-border raid from Ukraine since…
By Gabriella Borter (Reuters) – The U.S. Supreme Court is due to rule by the end of June on the legality of race-conscious admissions policies at colleges and universities, a practice called affirmative action employed by a majority of selective schools. Here is a look at some of the key players in the cases. HARVARD…
(Reuters) – The Cayman Islands Monetary Authority (CIMA) is exploring legal options after the U.S. Federal Deposit Insurance Corp seized deposits held at Silicon Valley Bank’s branch in the territory, the Wall Street Journal reported on Wednesday, citing a government official. Cayman Islands minister of financial services and commerce André Ebanks met with some of…
(Reuters) – Bank of Montreal’s second-quarter profit jumped as higher interest rates shored up the lender’s net interest income, the Canadian bank said on Wednesday. Net income excluding one-off items rose to C$2.22 billion ($1.65 billion), or C$2.93 per share, for the three months ended April 30, compared with C$2.19 billion, or C$3.23 a share,…
By Joseph Ax (Reuters) – The U.S. Supreme Court is set to rule by the end of June on whether colleges and universities can continue to consider race as part of their student admissions decisions, a practice known as affirmative action. Here is an explanation of these policies, their history and the possible consequences of…
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley chip startup Ayar Labs raised another $25 million after its latest funding round closed, as demand has increased for faster, more energy-efficient computing for artificial intelligence applications, the company said on Wednesday. The funding will be used to accelerate commercialization of Ayar Labs’ silicon photonics…
By Lisa Baertlein LOS ANGELES (Reuters) – The slumping U.S. transportation sector could be bouncing off a bottom as retailers start preparing for the back-to-school season and winter holidays, but political brinkmanship in Washington and interest rate hikes could threaten long-term consumer demand, economists and supply chain executives said. Retailers like Walmart and Target have…
A look at the day ahead in U.S. and global markets from Mike Dolan World markets are finally bracing for accidents as the U.S. debt ceiling impasse threatens to empty U.S. government coffers as soon as next week, but a return of 6% policy interest rates to the risk radar is just as jarring. Fear…
By Mike Dolan LONDON (Reuters) -Hype or hope, this year’s boom in artificial intelligence along with other productivity-enhancing tech developments may be one of few ways to sustain an increasingly fragile “global balance sheet” over coming decades. There is little doubt about the market heat, corporate alarm and social anxieties created in the mere six…
By Andy Bruce and William Schomberg LONDON (Reuters) -Britain’s stubbornly high inflation rate fell by less than expected last month and a closely watched measure of core price rises surged to a 31-year high, according to official data that raised the chances of more interest rate hikes. Consumer prices rose by 8.7% in annual terms…
