By Steve Keating TORONTO (Reuters) – After being hit with a couple of LIV Golf bombshells, COVD-19 and even forest fires, it is doubtful that any PGA Tour event has endured more adversity than the Canadian Open. The world’s third-oldest national open championship the Canadian Open is taking a double hit this week, pushed out…
By Jonathan Stempel (Reuters) – Ryanair Holdings Plc and longtime Chief Executive Michael O’Leary reached a $5 million settlement of a lawsuit accusing them of defrauding shareholders by downplaying the willingness of the Europe’s largest budget airline to recognize labor unions. The preliminary all-cash settlement was reached after mediation, and was filed on Wednesday in…
By Kate Abnett and Riham Alkousaa BRUSSELS/BONN (Reuters) – Russia intends to block European Union countries from hosting next year’s U.N. international climate negotiations, according to internal emails seen by Reuters, a potential setback for EU-member Bulgaria’s competition with Azerbaijan and Armenia to draw the massive conference. Moscow’s intervention shows how geopolitical disputes since Russia’s…
By Samuel Indyk and Koh Gui Qing LONDON (Reuters) -Global stocks retreated from a 13-month high on Wednesday and the U.S. dollar drifted lower as attention turned towards next week’s pivotal inflation data and Federal Reserve meeting, where chances of a rate hike continued to ebb. On Wall Street, stocks ceded earlier gains, with the…
LONDON (Reuters) -Britain has committed to the removal of Chinese-made surveillance equipment from sensitive government sites as part of its latest plans to address national security concerns related to China. Under Prime Minister Rishi Sunak, who has cast China as the world’s greatest challenge to security and prosperity, the government told its departments last year…
By Doyinsola Oladipo NEW YORK (Reuters) -Hotel room rates in the U.S. and Europe are rising and may get even more expensive as supply has failed to keep up with demand, industry executives said. U.S. hotel room supply is barely growing as tighter lending standards from regional banks make it harder for developers to secure…
BELGRADE (Reuters) – Serbia’s Prime Minister Ana Brnabic said on Wednesday she was willing to resign to test popularity of the ruling coalition, following weeks of opposition protests. For five consecutive weeks, tens of thousands of people have gathered for weekly anti-government rallies in Belgrade, blaming a culture of violence for the deaths of 18…
By Karen Brettell NEW YORK (Reuters) – The dollar edged higher against the yen on Wednesday as investors awaited U.S. inflation data for May and the Fed’s interest rate decision next week, while the Canadian dollar jumped after the Bank of Canada hiked rates. The U.S. central bank is expected to hold rates steady next…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices climbed about 1% on Wednesday as Saudi Arabia’s plans for deep output cuts more than offset demand woes stemming from rising U.S. fuel stocks and weak Chinese export data. Brent crude futures settled 66 cents, or 0.9%, higher at $76.95 a barrel, while U.S. West Texas Intermediate crude…
PARIS (Reuters) – French President Emmanuel Macron appointed on Wednesday his former foreign minister as personal envoy to Lebanon just a year after he stepped down and having previously not been able to make any inroads in the political deadlock in the country. Macron led international efforts after a massive explosion that killed more than…
