By Patricia Zengerle WASHINGTON (Reuters) – Republican and Democratic members of the U.S. Congress introduced legislation on Thursday that would make it easier for Ukraine to fund its fight against Russian invaders by using seized and frozen Russian assets. The U.S. Congress has approved more than $100 billion in military, humanitarian and economic aid for…
FRANKFURT (Reuters) – The German economy, Europe’s biggest, will shrink this year and inflation will stay above 2% at least through 2025, the Bundesbank said on Friday in a biannual update of its projections. The new forecasts came just a day after the European Central Bank lifted interest rates for the eighth straight time and…
FRANKFURT (Reuters) – The German economy, Europe’s biggest, will shrink this year and inflation will stay above 2% at least through 2025, the Bundesbank said on Friday in a biannual update of its projections. The new forecasts came just a day after the European Central Bank lifted interest rates for the eighth straight time and…
(Reuters) – All state-funded colleges and universities in Texas will have to close their diversity, equity and inclusion offices under a measure signed into law by Texas Governor Greg Abbott. The law, which one of its sponsors in the Texas state Senate called the most significant ban on diversity offices in higher education in the…
SYDNEY (Reuters) – Australia’s main opposition Liberal Party leader asked a senator to resign on Friday following allegations of sexual misconduct against him by female senators, which he has denied. The accusations against Liberal Party Senator David Van follow numerous previous complaints about the culture in Australia’s parliament house, which led to an inquiry in…
BENGALURU (Reuters) -Indian information technology (IT) company Tata Consultancy Services said on Friday it has mutually agreed with insurance provider Transamerica to end a $2 billion contract, citing reasons including a challenging macro environment. The 10-year contract, signed in early 2018, involved TCS working with U.S.-based Transameria to enable the digitization of more than 10…
SEOUL (Reuters) – South Korea and the United States will hold a high-level meeting on cyber security in Washington on June 20, the presidential office in Seoul said on Friday. The meeting is seen as a follow-up to the summit between South Korean President Yoon Suk Yeol and U.S. President Joe Biden in April. (Reporting…
SYDNEY (Reuters) – Westpac on Friday lifted its forecast for Australia’s cash rate peak to 4.6%, tipping quarter-point hikes in July and August, joining other major banks that are expecting higher rates and slower growth as the central bank turns more hawkish. Rates are already at an 11-year high of 4.1%, but the Reserve Bank…
By Doyinsola Oladipo NEW YORK (Reuters) – A snapshot of 15 major U.S. hotel markets shows that travel to cities is rebounding, with one notable exception: San Francisco. Several hotel activity metrics, including average price per room, revenue per room, and supply growth, show most major cities have rebounded from the worst of the pandemic….
By Yukiko Toyoda and Tim Kelly TOKYO (Reuters) -The U.S. expects a “transformational moment” in India ties during Prime Minister Narendra Modi’s upcoming trip to Washington, President Joe Biden’s national security adviser said as he downplayed chances for a diplomatic breakthrough in China when U.S. Secretary of State Antony Blinken visits next week. “Secretary Blinken’s…
