By Steve Scherer OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau made massive changes to his cabinet last week in a move political analysts say is more theater than substance, but the Liberal leader’s close advisers say it shows his determination to seek a fourth election victory. With a string of recent polls showing the left-leaning…
WASHINGTON (Reuters) – Former U.S. President Donald Trump’s political action committee is expected to report on Monday that it has spent about $40 million in legal fees in the first half of 2023 to defend Trump and his advisers, among others, the Washington Post reported. The New York Times separately reported that the PAC has…
By Andy Bruce and David Milliken LONDON (Reuters) -British lenders approved more mortgages than expected in June and net unsecured lending to consumers shot up by the most in over five years, despite rising interest rates, Bank of England data showed on Monday. Banks and building societies approved 54,662 mortgages in June, the most since…
(Reuters) – BlackBerry on Monday said that Foxconn-led Mobility in Harmony (MIH) consortium has chosen the Canadian technology company to provide software and some services. The consortium’s electric vehicle (EV) platform will use BlackBerry’s QNX operating system for vehicles, and automotive artificial intelligence platform IVY to help process and store data collected from sensors in…
By Howard Schneider WASHINGTON (Reuters) – Throughout the Federal Reserve’s drive to kill inflation, policymakers have focused on raising the benchmark overnight interest rate high enough to do the job and getting it there fast enough to keep the public from losing faith. But in the quest for a “soft landing,” where inflation falls without…
KYIV (Reuters) – Ukrainian forces have recaptured nearly 15 square km (5.8 square miles) of land from Russian troops in the east and south over the past week during their counteroffensive, a senior defence official said on Monday. Kyiv’s forces have now retaken 204.7 sq km in the south since they launched a major push…
LONDON (Reuters) – The chairman of NatWest Howard Davies should remain in office to ensure stability for the bank, a senior official at Britain’s Financial Conduct Authority said on Monday. Sheldon Mills, executive director at the FCA, said he agreed with financial services minister Andrew Griffith who last week expressed confidence in Davies after the…
A look at the day ahead in U.S. and global markets from Mike Dolan: Wall Street is lapping up a soothing blend of disinflation, peak interest rates and trend growth, with two of its mega caps reporting results this week in a forecast-beating earnings season that has helped stocks hit their highest in more than…
By Karen Brettell (Reuters) -The U.S. Treasury Department is likely to begin gradually increasing the size of its note and bond auctions when it announces its financing plans for the coming quarter next week, in order to finance higher spending as its tax revenues decline. The Treasury has largely relied on sales of bills since…
DUBAI (Reuters) – Saudi Arabia’s gross domestic product (GDP) grew 1.1% in the second quarter, according to government estimates released on Monday, supported by an increase in non-oil activities, although overall growth decelerated sharply from the prior-year period. The Saudi economy grew 8.7% last year, among the fastest in the G-20, as high oil prices…
