By Burcu Karakas and Umit Ozdal ISTANBUL/DIYARBAKIR (Reuters) -Kurds opposed to President Tayyip Erdogan fear victory for him in Turkey’s presidential election could reinforce a crackdown the state has been waging against them for years, alarmed by a surge in nationalist rhetoric ahead of Sunday’s vote. Kurds, who make up around a fifth of Turkey’s…
By Giuseppe Fonte and Giulio Piovaccari MILAN (Reuters) – The Italian government, which is assessing tyre maker Pirelli’s new shareholder agreement, is concerned about plans to allow top shareholder China’s Sinochem to appoint more board members and potentially choose future CEOs, two sources said. Italy’s right-wing government has to approve the scheme under “Golden Power”…
By Mimosa Spencer PARIS (Reuters) – Chanel sales in the United States, one of the luxury label’s top three markets, have slowed to a single-digit growth rate over the past six months, it said on Thursday, adding to evidence that the post-pandemic spending splurge in the country has tapered off. “Clearly the trend has softened…
By Olivier Sorgho (Reuters) – First-time asylum applications from people seeking international protection in European Union countries soared in February, driven largely by Syrians and Afghans, a report from the bloc’s statistics agency Eurostat showed on Thursday. The bloc received 76,505 first-time asylum requests from non-EU citizens applying for international protection, an increase of 41%…
By Tetsushi Kajimoto TOKYO (Reuters) -Debt-laden Sri Lanka should be able to conclude a new round of restructuring talks by September or November at the latest, its president said on Thursday, adding that the negotiations had made “remarkable” progress. The island nation defaulted on its foreign debt for the first time in its history in…
By Peter Hobson (Reuters) – The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine cut Russia’s more traditional export routes, Russian customs records show. The records, which contain details of nearly a thousand gold shipments in the year since the Ukraine war started, show the Gulf…
A look at the day ahead in U.S. and global markets from Mike Dolan Two of the year’s dominant themes vied for investor attention overnight as the debt ceiling impasse threatened the U.S. government’s credit rating and chipmaking giant NVIDIA soared almost 30% on the artificial intelligence boom. Even though White House and congressional Republican…
By Naomi Rovnick and Libby George LONDON (Reuters) – Rivalry with China, fallout from Russia’s war in Ukraine and wrangling once again in Washington over the U.S. debt ceiling have put the dollar’s status as the world’s dominant currency under fresh scrutiny. Russia’s sanctions-imposed exile from global financial systems last year also fuelled speculation that…
BANGKOK (Reuters) – The United States has declined to sell its F-35 stealth fighter jets to Thailand over issues with training and technical requirements, the Southeast Asian country’s air force said on Thursday. Thailand, which was designated a Major Non-NATO Ally by the United States in 2003, had last year set aside a 13.8 billion…
TOKYO (Reuters) – Japan’s government raised its overall view of the economy for the first time in ten months in May, after recent data showed the country emerged from recession in the first quarter amid a post-COVID consumption rebound. The Cabinet Office also upgraded its assessment of consumer spending, exports and factory output, suggesting economic…
