By Riham Alkousaa BERLIN (Reuters) – Germany will pull the plug on its last three nuclear power stations by Saturday, ending a six-decade programme that spawned one of Europe’s strongest protest movements but saw a brief reprieve due to the Ukraine war. The smoking towers of Isar II, Emsland and Neckarwestheim II reactors were to…
By Nupur Anand, Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) -U.S. banking heavyweights reaped windfalls from higher interest payments in the first quarter, brushing off a crisis prompted by the collapse of two regional lenders and setting aside billions of dollars in case loans turn sour as the economic outlook dims. First-quarter 2023 earnings…
By Nupur Anand, Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) -U.S. banking heavyweights reaped windfalls from higher interest payments in the first quarter, brushing off a crisis prompted by the collapse of two regional lenders and setting aside billions of dollars in case loans turn sour as the economic outlook dims. First-quarter 2023 earnings…
By Valentina Za and Giulio Piovaccari MILAN (Reuters) – In 1977, a Ferrari owner offloaded his 1962 250 GTO because his wife complained it was too noisy, recounts Andrea Modena, head of Ferrari’s classic car division. It was either her or the car. “Nowadays, I’m not sure the wife would have won out.” Times have…
(Reuters) -Bank of England policymaker Silvana Tenreyro said past interest rate rises would take time to bear down on inflation, and that it was important not to over-adjust policy while the impact of these past rate rises was feeding through. “We need to be patient,” she said at a panel discussion hosted by the International…
By Kantaro Komiya and Chris Gallagher TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida was evacuated unhurt after a suspect threw what appeared to be a smoke bomb at an outdoor speech in western Japan on Saturday. Kishida took cover after a loud explosion was heard while police subdued a man at the scene, Japanese media…
(Reuters) – Gary Gensler, the chair of the U.S. Securities and Exchange Commission, said that hedge funds and other parts of the shadow banking system need to face greater scrutiny after last month’s upheaval in U.S. government bonds, the Financial Times reported on Saturday. Gensler told the FT that reducing the risks from speculative funds…
(Reuters) – The International Monetary Fund is seeking “necessary” financing assurances from Pakistan as soon as possible to conclude a bailout pact with the South Asian nation, Bloomberg News reported on Saturday. Meetings between Pakistan and the IMF achieved agreement on the need to maintain strong policies and secure sufficient financing to support the country’s…
By Steve Holland and Trevor Hunnicutt KNOCK, Ireland (Reuters) -U.S. President Joe Biden said on Friday he has decided to run for a second term and would formally announce his re-election campaign “relatively soon.” “We’ll announce it relatively soon. But the trip here just reinforced my sense of optimism about what can be done,” Biden…
By Kai Pfaffenbach and Manuel Ausloos NEAR BAKHMUT, Ukraine (Reuters) -A Russian missile strike killed eight people in eastern Ukraine on Friday as a British assessment said Ukrainian troops had been forced to withdraw from parts of the city of Bakhmut, the focus of Moscow’s slow advance through the region. Ukrainian troops have been doggedly…
