Canada and Saudi Arabia normalize diplomatic relations after 2018 split

By Steve Scherer OTTAWA (Reuters) -Canada and Saudi Arabia have agreed to restore full diplomatic ties and appoint new ambassadors, both countries said on Wednesday, bringing to a close a 2018 dispute that damaged relations and trade. The decision follows discussions held between Canadian Prime Minister Justin Trudeau and Saudi Crown Prince Mohammed bin Salman…

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HSBC puts global footprint under fresh scrutiny, considers dozen exits

By Lawrence White LONDON (Reuters) -HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his first interview since taking the role. The reviews follow pressure from…

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Colombia’s Gilinski signs MoU to exit stake in Grupo Sura

BOGOTA (Reuters) – Colombia’s Gilinski Group signed a Memorandum of Understanding (MoU) to exit its stake in the country’s largest investment firm, Grupo Sura and take a controlling stake in food producer Nutresa , the companies said on Wednesday. The conglomerate, owned by Jaime Gilinski, one of Colombia’s richest men, had over the past year…

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White House criticizes Republicans, says ‘preventing default’ is not a concession

By Andrea Shalal and Nandita Bose WASHINGTON (Reuters) -The White House on Wednesday criticized Republicans and said averting default is the responsibility of every single member of Congress and that preventing such a situation is not a concession. House of Representatives Speaker Kevin McCarthy, a Republican, said on Tuesday a concession he will make is…

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‘Queen of rock ‘n’ roll’ Tina Turner dies at 83

By Mike Davidson (Reuters) -Tina Turner, the American-born singer who left a hardscrabble farming community and abusive relationship to become one of the top recording artists of all time, died on Wednesday at the age of 83. She died peacefully after a long illness in her home in Küsnacht near Zurich, Switzerland, her representative said….

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What Ron DeSantis said as he launched his 2024 White House race

(Reuters) – Florida Governor Ron DeSantis said on Wednesday he would seek the 2024 Republican nomination for president, vowing to build a wall on the border with Mexico and not restrict usage of Bitcoin. Here is a selection of his quotes: IMMIGRATION “We will move on day one by declaring a national emergency. We will…

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SingTel’s Annual Net Profit Jumps On Mobile Growth, 5G Adoption

(Reuters) -Singapore Telecommunications on Thursday posted a 14% jump in full-year net profit, as its core businesses benefited from a recovery in international travel and roaming as well as rising 5G adoption. SingTel also recorded robust mobile growth and price lifts supported by increased demand for information technology and communication services. Southeast Asia’s largest telecom…

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