(Reuters) – The cost of insuring exposure to U.S. government debt dropped on Friday as U.S. President Joe Biden and top congressional Republican Kevin McCarthy were closing in on a deal that would raise the U.S. debt ceiling. The 6-month credit default swap dropped 13 basis points from Thursday’s close to 212 basis points, data…
MOSCOW (Reuters) – Ukraine struck two regions in southern Russia with a rocket and a drone, though the missile was shot down by air defences, according to Russian officials and media reports. In the southern Russian city of Krasnodar, a blast damaged a residential and office building, officials said. They did not say what caused…
PARIS (Reuters) – France confirmed its aim to launch a vaccination programme against bird flu in the autumn after results from a series of tests on the vaccination of ducks showed “satisfactory effectiveness”, the farm ministry said. A severe strain of highly pathogenic avian influenza, commonly called bird flu, has ravaged poultry production around the…
By Guy Faulconbridge MOSCOW (Reuters) -Russia moved ahead on Thursday with a plan to deploy tactical nuclear weapons in Belarus, whose leader said the warheads were already on the move, in the Kremlin’s first deployment of such bombs outside Russia since the 1991 fall of the Soviet Union. The U.S. State Department denounced the deployment…
By Joanna Plucinska and Allison Lampert LONDON/MONTREAL (Reuters) – Nikoleta Dodova is among a growing number of dissatisfied airline customers. Having bought her mother and niece airline tickets from Sweden to Macedonia last year, their flight was cancelled and they ended up at an airport over two hours away. She is still waiting for compensation….
By Mike Dolan LONDON (Reuters) – Britain’s interest rate horizon skyrocketed this week on another alarming inflation reading that some fear entrenches the economy as outlier among Western peers – and yet the pound didn’t know whether to laugh or cry. Unlike its dire reaction to UK bond market ructions surrounding last September’s government budget…
A look at the day ahead in European and global markets from Vidya Ranganathan The week draws to a close with pretty much the same buzz around artificial intelligence and U.S. debt diplomacy that it kicked off with. Stock markets were getting a breather after the excitement over the blowout forecast from chipmaker Nvidia Corp…
ANKARA (Reuters) – The Turkish central bank’s net forex reserves dropped into negative territory for the first time since 2002, standing at $-151.3 million on May 19, official data showed on Thursday, as it sought to counter forex demand ahead of Sunday’s runoff vote. President Tayyip Erdogan led rival Kemal Kilicdaroglu comfortably in the presidential…
(Reuters) – A top ally of Russian President Vladimir Putin said the Ukraine war could last for decades, with long periods of fighting interspersed by truces, Russia’s RIA news agency reported on Thursday. It said former President Dmitry Medvedev, deputy chairman of Putin’s powerful security council, had spoken during a visit to Vietnam. Medvedev often…
By Rosalba O’Brien (Reuters) – When Eric Gaillard first went to photograph the Cannes Film Festival in 1981, it was a smaller, more intimate affair – the kind of place where you could see the greats from Hollywood’s Golden Age like Lauren Bacall or Ava Gardner wandering alone on the esplanade or having fun on…
