Paraguay’s president-elect, Santiago Pena, said on Friday that he would continue to strengthen his country’s “historic ties” with Taiwan following a call with his counterpart there after winning Sunday’s election. The countries’ diplomatic relations of more than six decades had been in the spotlight before Sunday’s election, with opposition candidate Efrain Alegre telling Reuters he…
By Sinéad Carew and Naomi Rovnick NEW YORK/LONDON (Reuters) – A global gauge of stocks rallied and U.S. Treasuries and gold sold off on Friday as strong U.S. jobs data brightened the economic outlook and traders pared expectations of Federal Reserve easing after a long spate of rate hikes. The non-farms payroll report showed U.S….
By Jane Lanhee Lee Santa Clara, California (Reuters) – Silicon Valley’s U.S. Democratic Representative Ro Khanna and the director of the National Science Foundation (NSF) warned on Friday against delays to funding for U.S. research in the face of surging technology investment by rivals such as China. While the CHIPS and Science Act authorized the…
By Mike Stone WASHINGTON (Reuters) – U.S. President Joe Biden’s administration plans to send $500 million worth of weapons aid to Taiwan using the same emergency authority that has been used more than 35 times for Ukraine, a source familiar with the plan said on Friday. As a part of the 2023 budget, Congress authorized…
By Michael Holden LONDON (Reuters) -King Charles greeted excited crowds gathering for his coronation before hosting a reception for world leaders at Buckingham Palace on Friday ahead of what will be the biggest ceremonial event in Britain for 70 years. Charles, 74, and his wife Camilla will be crowned at London’s Westminster Abbey in a…
By Karen Brettell NEW YORK (Reuters) – The dollar gave back earlier gains against the euro but stayed stronger against the yen on Friday after jobs gains and wage growth for April beat economists’ forecasts but showed downward jobs revisions for March. Employers added 253,000 jobs, beating economists’ forecasts for a 180,000 gain. U.S. average…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose on Friday but fell for the third straight week after a sharp fall earlier this week ahead of benchmark interest rate rises and on concern that the U.S. banking crisis will slow the economy and sap fuel demand. Brent crude closed $2.80, or 3.9% higher, at $75.30…
By Arpan Chaturvedi and Siddhi Nayak NEW DELHI (Reuters) – Indian airline Go First’s effort to start insolvency proceedings has become ensnared in a tussle with aircraft lessors after they asked the aviation regulator to deregister some of its planes as a step towards taking them back. India’s first major airline collapse since 2019 underlines…
By Michelle Nichols UNITED NATIONS (Reuters) – The United Nations said on Friday it will continue to keep Afghan staff working from home after the Taliban administration began enforcing a ban on Afghan women working for the world body a month ago. The United Nations has some 3,300 Afghan staff, of whom about 400 are…
By Ritsuko Shimizu TOKYO (Reuters) – A spin-off of 7-Eleven would jeopardise the convenience store chain’s future growth by cutting it off from its parent’s strength in the food business, the chief executive of Japan’s Seven & i Holdings Co Ltd told Reuters. The comments from Ryuichi Isaka come as he faces a call for…
