By Sakura Murakami HIROSHIMA, Japan (Reuters) – The last time a U.S. president visited Hiroshima, atomic bomb survivor Shigeaki Mori was filled with hope for a future without nuclear weapons. Seven years later, he’s more sceptical. As leaders of the Group of Seven (G7) nations gather in the Japanese city this week for a summit,…
(Reuters) – Russia’s economy shrank 1.9% year-on-year in the first quarter of 2023, data from the Rosstat federal statistics service showed on Wednesday, following growth of 3% in the same period of last year. Russia’s economy defied early expectations of a double-digit collapse in 2022, but still contracted 2.1% after the West imposed sanctions in…
(Reuters) – Russia confirmed on Wednesday that a deal to allow Ukraine to export its grain safely across the Black Sea, despite Russia’s war in Ukraine, had been extended for two months. Foreign Ministry spokeswoman Maria Zakharova said the deal had been extended to help countries in need, but added that Russia’s overall assessment of…
By Miranda Murray CANNES (Reuters) – Independent film companies facing a market upended by the entry of streaming services are showing some optimism heading into this year’s Cannes Film Festival as the Netflix era has begun flattening out and audiences start trickling back into cinemas post-pandemic. While buyers are being cautious about purchasing volumes amid…
By Tom Käckenhoff and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) -Thyssenkrupp’s labour bosses cranked up the pressure on Berlin to help fund a 2 billion euro ($2.2 billion) green steel production site, warning in a letter to Economy Minister Robert Habeck that a further subsidy cut could choke off the project. Reducing support further would trigger a…
By Rodrigo Campos NEW YORK (Reuters) – A measure of debt across the globe rose in the first quarter to almost $305 trillion, and the rising cost to service that debt is triggering concern about the financial system’s leverage, a widely tracked study showed. The Institute of International Finance, a financial services trade group, said…
KYIV (Reuters) – Ukraine denied on Wednesday that a Russian hypersonic missile had destroyed a U.S.-made Patriot missile defence system during an air strike on Kyiv. Russia’s defence ministry made the assertion on Tuesday after an overnight air attack on the Ukrainian capital. Two U.S. officials later said a Patriot system had probably suffered damage…
(Reuters) -Italy posted a trade surplus with the rest of the world of 7.5 billion euros ($8.3 billion) in March, the largest in almost two years, as gas imports from Russia continued to decrease while exports of non-energy products rose, data showed. Trade data has a significant seasonal component and there has not been a…
(Reuters) – A Ukrainian-born activist was jailed for seven years by a Russian court on Wednesday for “justifying terrorism”, according to a Telegram channel petitioning for his release.Mikhail Krieger, 63, was arrested last November over social media posts he wrote in 2020 in which he praised two men who staged attacks on buildings of Russia’s…
By Aziz El Yaakoubi RIYADH(Reuters) – Syrian President Bashar al-Assad, a pariah for more than a decade, is expected to steal the spotlight at Friday’s Arab League summit in Saudi Arabia, where he will rub shoulders with regional leaders who once backed his war foes. Ostracised by most Arab states following his crackdown on protests…
