By Jamie McGeever ORLANDO, Florida (Reuters) – Long Japan, short China. If there is a general macro, relative value trade playing out right now, it might be that as the contrasting fortunes of Asia’s economic and financial behemoths become starker by the day. China’s economy is rapidly losing steam and investor appetite for Chinese assets…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand is set to deliver what it calls a “no frills” budget on Thursday as falling tax revenues squeeze coffers and inflation risks cap cyclone reconstruction efforts, constraining stimulus as the Labour government faces an election this year. Finance minister Grant Robertson has said the budget will focus…
By Nick Carey and Barbara Lewis LONDON (Reuters) – Tyre-makers are under pressure to almost literally reinvent the wheel as regulators turn their scrutiny to tyre pollution that is set to surge with the rise of electric vehicles (EVs) and threatens to undermine those cars’ green credentials. When tyres make contact with the road,…
By Alexandra Valencia QUITO (Reuters) -Ecuador’s President Guillermo Lasso dissolved the National Assembly by decree on Wednesday, bringing forward legislative and presidential elections and heading off an attempt by opposition politicians to impeach him. Police and military decked in riot gear guarded the National Assembly building from behind barricades in capital Quito, allowing no one…
By Andrew Chung (Reuters) -The U.S. Supreme Court on Wednesday left in place a Democratic-backed ban on assault-style rifles and large capacity magazines enacted in Illinois after a deadly mass shooting in Chicago’s Highland Park suburb in 2022, handing a setback to gun rights advocates. The court denied a request by the National Association for…
CANNES (Reuters) – Johnny Depp pushed back at suggestions he was making a comeback with the Cannes Film Festival’s opening movie “Jeanne du Barry” following a high-profile defamation trial a year ago, though he admitted people had “stopped calling” at the time. “I keep wondering about the word comeback, because I didn’t go anywhere,” Depp…
By Daniel Trotta (Reuters) – The writers’ group PEN America, authors and parents on Wednesday sued a Florida school district over its book bans, alleging educators violated the First Amendment right to free speech and their own policies in removing titles from school libraries. The Escambia County School District and School Board have targeted books…
By Nerijus Adomaitis OSLO (Reuters) – A former commander of Russia’s Wagner group who sought asylum in Norway after crossing the Russian-Norwegian border in January said on Wednesday he wanted to return to Russia even though he believed this could pose a risk to his life. Andrei Medvedev, who has previously spoken about his time…
BOGOTA (Reuters) – Mexican used-car platform Kavak has opened a vehicle reconditioning plant in Colombia, which it hopes will help capture at least 5% of the country’s used car market, country manager Luis Eduardo Lopez said on Wednesday. The 16,900-square-meter (20,200 square yard) plant has a capacity to process 2,500 cars per month and saw…
By Humeyra Pamuk and Patricia Zengerle WASHINGTON (Reuters) -The U.S. State Department on Wednesday said two top members of the House Foreign Affairs Committee can view a redacted version of a classified cable about the chaotic August 2021 U.S. withdrawal from Afghanistan sought by the committee’s Republican chairperson. The chairperson, Representative Michael McCaul, scheduled a…
