By Nate Raymond (Reuters) – A federal appeals court on Wednesday ruled that a decades-old law prohibiting users of illegal drugs from owning firearms was unconstitutional as applied to the case of a marijuana user, the latest fallout from a U.S. Supreme Court ruling last year that expanded gun rights. A three-judge panel of the…
LONDON (Reuters) – Britain said on Thursday it was weighing how to respond to a decision by U.S. President Joe Biden to prohibit some tech investments in China, adding it was continuing to assess potential national security risks. Biden signed an executive order on Wednesday that authorizes the U.S. Treasury secretary to prohibit or restrict…
By Anton Bridge TOKYO (Reuters) -Japan’s Rakuten Group will fold its payments and points businesses into its credit card unit, it said on Thursday, a move that could set up the struggling e-commerce company to eventually list the card business. Despite strong revenue from its core e-commerce offerings, Rakuten has lost money for 12 straight…
ZURICH (Reuters) – Siemens is seeing changing investment patterns by some customers regarding China as tensions rise between Washington and Beijing, Chief Executive Roland Busch said on Thursday. Siemens, which reported third quarter earnings below forecasts, said clients were increasingly looking to build new facilities outside China, Busch said, echoing comments from rival engineering group…
By Kirsty Needham SYDNEY (Reuters) – India, Japan, the United States and Australia will hold the Malabar navy exercise off the coast of Sydney on Friday, the first time the war games previously held in the Indian Ocean have taken place in Australia. Japanese and Indian navy vessels stopped in Pacific Island countries Solomon Islands…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s wholesale inflation eased for a seventh month in July as pressure from high global commodity prices eased, a development economists say is likely to encourage the central bank to keep its monetary stimulus in place. The 3.6% rise in the corporate goods price index (CGPI), which measures the price…
By Francesco Canepa FRANKFURT (Reuters) – The European Central Bank is on the back foot again and this time the bad news doesn’t come from Greece, Italy or any of the usual suspects in the bloc’s poorer south. The club’s biggest member and supposed powerhouse, Germany, has been hit by a toxic mix of weak…
By Idrees Ali and Daphne Psaledakis WASHINGTON (Reuters) – Last month’s coup in Niger has raised questions over whether the United States can continue the 1,100-strong military presence in the country that officials and analysts say has been key to fighting Islamist militants in the Sahel region. Over the past decade, U.S. troops have trained…
By Mohi Narayan, Laura Sanicola and Ahmad Ghaddar NEW DELHI/WASHINGTON/LONDON (Reuters) – Global refiners are raking in hefty gains, fuelled by a rebound from second-quarter lows in margins on making oil products such as diesel, jet fuel and gasoline, a trend that oil companies and experts expect will continue for the rest of 2023. Recovering…
By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -The Reserve Bank of India held its key lending rate steady on Thursday as expected but moved to reduce the amount of cash in banking system as inflation concerns resurfaced following higher-than-usual seasonal spikes in food prices in recent weeks. The monetary policy committee (MPC), which has…
