ISS Backs Toyota Shareholder Proposal On Climate Disclosure

By Daniel Leussink and Makiko Yamazaki TOKYO (Reuters) – Proxy adviser Institutional Shareholder Services (ISS) has recommended that shareholders of Toyota Motor Corp vote in favour of a resolution urging the automaker to improve disclosure of its lobbying related to climate change. The recommendation comes as Japan’s largest company by market capitalisation faces pressure from…

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Italy PM says good ties with China possible without Belt and Road

MILAN (Reuters) – Good relations with China are possible even without being part of the Belt and Road Initiative (BRI) deal, Italian Prime Minister Giorgia Meloni said in an interview published on Sunday, as her government weighs abandoning the project. Italy is the only major Western country to have joined China’s BRI scheme, which envisions…

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Turkey election 2023: What’s at stake in the runoff?

(Reuters) -Turkish President Tayyip Erdogan aims to extend his rule into a third decade in an election on Sunday, with the momentum seen in his favour in the runoff vote after a first round showed him ahead of his challenger, Kemal Kilicdaroglu. Already buoyed by a parliamentary majority won by his Islamist-rooted AK Party and…

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US Review Of China Tariffs Won’t Depend On Trade ‘breakthrough’-Deputy USTR

By David Lawder DETROIT (Reuters) – The United States is taking an analytical approach to its review of whether to keep tariffs on Chinese goods in place and will not base outcomes on any “breakthrough” in U.S.-China trade relations, Deputy U.S. Trade Representative Sarah Bianchi told Reuters. The Biden administration is not assuming any such…

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Explainer-US debt ceiling deal’s winding road to passage in Congress

By Richard Cowan WASHINGTON (Reuters) – Democratic President Joe Biden and top congressional Republican Kevin McCarthy struck a deal on Saturday to suspend the federal government’s $31.4 trillion limit on U.S. government borrowing, in order to avert a catastrophic default as soon as June 5. Their challenge isn’t over. They now have to shepherd it…

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Analysis-Why a US debt deal may only provide short-term relief for markets

By Shankar Ramakrishnan, Davide Barbuscia, Saeed Azhar and Laura Matthews (Reuters) – Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Saturday reached a tentative deal to raise the federal…

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Biden, McCarthy Reach Tentative US Debt Ceiling Deal

By Steve Holland, Gram Slattery and Katharine Jackson WASHINGTON (Reuters) -U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government’s $31.4 trillion debt ceiling on Saturday evening, ending a months-long stalemate. However, the deal was announced without any celebration, in terms that reflected the bitter tenor…

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