By John Irish PARIS (Reuters) – The 193 member states of the United Nations’ cultural agency are expected to back the United States’ return to the organisation almost five years after then-President Donald Trump withdrew over accusations of anti-Israel bias and mismanagement. The Paris-based agency, founded in the ashes of World War Two to protect…
(Reuters) – With U.S. inflation well above the Federal Reserve’s 2% goal and a labor market that’s still very tight, most of the central bank’s policymakers expect they will need to raise interest rates at least twice more by year’s end, Fed Chair Jerome Powell said on Thursday. In remarks prepared for delivery to a…
By Angelo Amante and Giuseppe Fonte ROME (Reuters) – The reluctance of Italy’s right-wing coalition to ratify reform of a vital euro zone bailout fund is rooted in a deep distrust of the European Union, analysts and lawmakers said, leaving Prime Minister Giorgia Meloni no easy way out of a political mess. Italy is the…
SYDNEY (Reuters) – New Zealand passed a law on Thursday guaranteeing bank deposits up to NZ$100,000 ($60,770), a move it said would strengthen and protect its financial system. The Deposit Takers Bill will cover some 93% of all depositors in New Zealand in banks, credit unions, building societies and finance companies, Finance Minister Grant Robertson…
By Guy Faulconbridge, Darya Korsunskaya and Gleb Stolyarov MOSCOW (Reuters) -As one of the most brutal mercenary forces marched on Moscow, some among Russia’s elite trembled in fear that the world’s biggest nuclear power was teetering on the brink of what President Vladimir Putin said could have been a civil war. With Putin facing the…
MILAN (Reuters) -More than three-quarters of the population in Lombardy, Italy’s largest and most industrialized region, banked online last year, compared with the national average of 63%, the Bank of Italy said on Wednesday. Digital banking in Lombardy has grown 20 percentage points since 2015, the central bank said in a report on the region’s…
COLOMBO (Reuters) – The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March. About $500 million of the funds will be allocated for budgetary support while the remaining $200 million will…
(Reuters) -Renault raised on Thursday its financial outlook for full-year 2023 following the success of its new launches, in particular of SUV Austral and Dacia Jogger models. The French car maker, which has been engaged for several years in a deep restructuring and a strategic repositioning to restore its margins, said it is now aiming…
By Kirsty Needham SYDNEY (Reuters) -The former premier of Australia’s most populous state engaged in corrupt conduct involving another lawmaker with whom she was in a secret romantic relationship, a years-long corruption inquiry that examined business dealings with China said on Thursday. The New South Wales Independent Commission into Corruption (ICAC) said in a report…
TOKYO (Reuters) – Japanese automaker Toyota Motor on Thursday reported a 10% jump in global sales for May from a year earlier, benefiting from growth at home and other key markets on a recovery in the supply of chips and other parts. The company sold 838,478 vehicles globally last month, including its luxury car brand…
