By Shreyashi Sanyal (Reuters) – Wall Street’s main indexes were set to open higher on Tuesday as lawmakers tentatively agreed to raise the nation’s debt limit to avert a default, while shares of Nvidia led a rally among chipmakers and AI-related firms. U.S. President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy on…
(Reuters) – Yields on Treasury bills that are due in early June dropped on Tuesday on optimism that Congress will pass a deal to raise the country’s debt ceiling and avoid a potential default. A bipartisan deal to raise the $31.4 trillion U.S. debt ceiling now faces a series of votes in Congress, with both…
By Parisa Hafezi DUBAI (Reuters) – A Revolutionary Court in Iran on Tuesday began the trial of a female journalist behind closed doors on charges linked to her coverage of a Kurdish-Iranian woman whose death in custody last year sparked months of unrest, her husband said on Twitter. Mahsa Amini’s death while held by the…
WIESBADEN, Germany (Reuters) – Hanno Berger, a former tax inspector turned legal tax expert, was sentenced on Tuesday to eight years and three months in jail by a court in Wiesbaden, as the nation comes to terms with one of its biggest post-war frauds. Berger had already been sentenced to eight years in jail in…
By Paul Sandle LONDON (Reuters) – British supermarket Asda said it would buy the bulk of petrol station operator EG Group’s UK and Ireland business to speed up its move into the convenience sector, creating a company with combined revenue of nearly 30 billion pounds ($38 billion). Asda, Britain’s third-largest grocer, and EG are both…
ANKARA (Reuters) – Turkey called on NATO hopeful Sweden on Tuesday to prosecute those responsible for projecting the flag of an outlawed group onto the parliament building in Stockholm, on the day of Turkish elections that extended President Tayyip Erdogan’s rule. A Swedish parliament spokesperson said a number of people projected messages onto the building…
BILLY-BERCLAU, France (Reuters) -Stellantis will need one or even two additional large factories for electric vehicles batteries in the United States to reach its output targets, the company’s chief executive, Carlos Tavares, said on Tuesday. Speaking to journalists at the inauguration of a so-called gigafactory in northern France, Tavares said the Franco-Italian carmaker would need…
KAMPALA (Reuters) – Uganda’s economy will expand by 6% in the next fiscal year that starts in July, an increase from a projected growth of 5.5% this year, boosted by petroleum industry-related investments, the finance ministry said on Tuesday. Ramathan Ggoobi, the finance ministry’s top technocrat, said in a statement that in the 2023/24 (July-June)…
By John Revill ZURICH (Reuters) -Switzerland’s Social Democratic Party has drawn up a proposal to shrink UBS assets after its takeover of Credit Suisse to reduce the risk of another expensive state-backed rescue, its lawmaker was quoted as saying on Tuesday. It was not clear, though, how much traction the proposal, which was presented by…
By Richa Naidu and Eva Mathews (Reuters) – Unilever Plc said on Tuesday Chief Financial Officer Graeme Pitkethly would leave the consumer goods giant by the end of May 2024 after more than two decades. Pitkethly, who has been with the maker of Dove soap since 2002, succeeded Jean-Marc Huët as finance chief in 2015….
