By Olena Harmash and Gleb Garanich KYIV (Reuters) -Ukraine shot down 10 missiles and over 20 drones launched by Russia in overnight attacks on the capital Kyiv, the city of Dnipro and eastern regions, Ukrainian officials said on Friday. President Volodymyr Zelenskiy’s office said in a statement that a fire had broken out on the…
By Raphael Satter, Zeba Siddiqui and James Pearson (Reuters) -The U.S. State Department warned on Thursday that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered a Chinese hacking group had been spying on such networks. A multi-nation alert issued Wednesday revealed the…
By Tommy Wilkes, Alexander Hübner and Tom Sims LONDON/FRANKFURT (Reuters) -A United Nations-convened climate alliance for insurers suffered at least three more departures on Thursday including the group’s chair, as insurance companies take fright in the face of opposition from U.S. Republican politicians. At least seven members of the Net-Zero Insurance Alliance (NZIA), which launched…
By Iain Withers LONDON (Reuters) – The dollar eased on Friday but remained on track for a third straight weekly gain, as markets raised bets on higher-for-longer interest rates to curb sticky inflation and nervously awaited a resolution to last-ditch U.S. debt ceiling talks. Apparent progress on Thursday in talks between President Joe Biden and…
(Reuters) – The cost of insuring exposure to U.S. government debt dropped on Friday as U.S. President Joe Biden and top congressional Republican Kevin McCarthy were closing in on a deal that would raise the U.S. debt ceiling. The 6-month credit default swap dropped 13 basis points from Thursday’s close to 212 basis points, data…
By Jody Godoy (Reuters) – Bank of America must face cardholder allegations that it bungled its response to unauthorized transactions on unemployment and disability benefits cards in California during the pandemic, a San Diego judge ruled on Thursday. U.S. District Judge Larry Alan Burns said benefits recipients can move forward with a proposed class action…
By William Schomberg LONDON (Reuters) -British consumers picked up the pace of their spending last month and sales volumes over the three months to April grew by the most since mid-2021, according to official data that suggested limited impact from the surge in inflation. Sales volumes in April rose by a slightly stronger-than-expected 0.5% from…
TOKYO (Reuters) -Japan and the United States will issue a joint statement on technology cooperation on Friday that will commit them to closer cooperation in research and development of advanced chips and other technologies, a Japanese government source said. Japan’s Minister of Economy, Trade and Industry Yasutoshi Nishimura and U.S. Secretary of Commerce Gina Raimondo…
MOSCOW (Reuters) – Ukraine struck two regions in southern Russia with a rocket and a drone, though the missile was shot down by air defences, according to Russian officials and media reports. In the southern Russian city of Krasnodar, a blast damaged a residential and office building, officials said. They did not say what caused…
By Samuel Shen and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – The trademark Chinese patriotism is back at play in markets. As Japan and the United States place fresh curbs on Chinese technology firms, local investors are scooping up shares of those firms and state companies, and reaping handsome rewards. China has for years been guiding money…
