ROME (Reuters) – A new Italian law that narrows asylum rights in an effort to dissuade migrants from heading to Italy is repressive and inhumane, a leading rights watchdog said on Friday. Prime Minister Giorgia Meloni’s nationalist government drew up the legislation after a shipwreck off southern Italy in February that killed more than 90…
By Tim Hepher PARIS (Reuters) – Planemakers can’t build them but airlines can’t stop buying them. Even as they wrestle with industrial problems preventing the delivery of jets sold before the pandemic, Airbus and Boeing are totting up billions of dollars of new orders stretching beyond 2030 amid a rebound in air travel. From Air…
By Mathieu Rosemain and Matthieu Protard PARIS (Reuters) -French bank Societe Generale posted better than expected quarterly earnings on Friday after turmoil in bond and currency markets boosted its trading business. The trading windfall cushioned a slump in SocGen’s French retail division, where earnings were curbed by stricter interest rate caps on mortgages and other…
By David Milliken and William Schomberg LONDON (Reuters) -Britain’s economy grew sluggishly in early 2023, better than the shallow recession once expected, but an unexpectedly sharp drop in output in March underscored how fragile its recovery remains. Gross domestic product (GDP) edged up 0.1% in the first three months of the year, official data showed…
By Sarah Young and Paul Sandle LONDON (Reuters) -Mike Lynch, co-founder of UK software firm Autonomy, has been extradited to the United States to face criminal charges in a near decade-long legal battle and fall from grace for a man once hailed as Britain’s answer to Bill Gates. Lynch faces 17 charges over Hewlett Packard’s…
By Arathy Somasekhar HOUSTON (Reuters) – Oil pipelines from the top U.S. shale field to Houston that have run half empty are filling again as rising output has absorbed most of the space on lines to the main south Texas export hub in Corpus Christi. U.S. crude exports climbed to a record of about 4.5…
By Allison Lampert, Abhijith Ganapavaram and Valerie Insinna MONTREAL/WASHINGTON (Reuters) – The CEO of Canadian aerospace supplier Abipa International would not negotiate further when a potential customer recently pressed for additional price cuts on components used in areas like engines and landing gear. That stance by CEO Jean Blondin is one that more and more…
By Panu Wongcha-um and Panarat Thepgumpanat BANGKOK (Reuters) – Thailand’s embattled Prime Minister Prayuth Chan-ocha is lagging behind the opposition in polls ahead of Sunday’s general election but electoral rules written by his former military junta mean the retired army chief can’t be counted out. Prayuth, 69, who first came to office in a 2014…
By Marc Jones and Canan Sevgili LONDON (Reuters) -Wild currency moves? Bazooka rate hikes? The many unknowns around Turkey’s pivotal elections on Sunday are leaving even the most experienced investors hedging their bets on how markets will react. The presidential vote, which could well require two rounds, is pitting President Tayyip Erdogan’s vision of a…
A look at the day ahead in U.S. and global markets from Mike Dolan A strange calm fell over world markets on Friday as tensions around the U.S. debt ceiling impasse and a fresh wobble in U.S. bank stocks hung in the background, with a postponement of a key showdown on the former read as…
