By Ece Toksabay and Birsen Altayli ANKARA (Reuters) -The man challenging Tayyip Erdogan in Turkey’s presidential elections this weekend received a boost on Thursday when a small party candidate abruptly withdrew and a closely-watched poll gave him a more than five percentage point advantage. The withdrawal by Muharrem Ince, one of four contesting Sunday’s presidential…
(Reuters) – Turkish President Tayyip Erdogan faces his toughest political challenge yet when the nation votes on Sunday, with the opposition sensing its best chance yet of ending his two decades in power and reversing his policies. The presidential and parliamentary votes, set for May 14 with a possible May 28 run-off, will decide not…
By Alvise Armellini ROME (Reuters) – Italy’s competition watchdog AGCM is trying to close a legal loophole that has allowed several companies to evade antitrust fines and may help Amazon in an ongoing appeal, a legal expert and two sources told Reuters. The European Commission is closely following the matter, which has potential implications for…
By Leika Kihara and Andrea Shalal NIIGATA, Japan (Reuters) -A standoff in Washington over raising the U.S. debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders starting on Thursday, heightening U.S. recession fears as central banks seek a soft landing for the global economy. The central bank governor of host Japan said…
LONDON (Reuters) – The Bank of England must stay the course to ensure the level of inflation falls back to its 2% target, the central bank’s Governor Andrew Bailey said on Thursday. “We have to stay the course to make sure inflation falls all the way back to the 2% target,” he said at a…
GENEVA (Reuters) – The number of internally displaced people (IDPs) reached a record 71.1 million worldwide last year due to conflicts such as the war in Ukraine and climate calamities like the monsoon floods in Pakistan, according to data published on Thursday. The Geneva-based Internal Displacement Monitoring Centre (IDMC) said that figure represented a 20%…
By Ludwig Burger FRANKFURT (Reuters) -Drug and pesticide maker Bayer said its 2023 results would likely come in at the lower end of its targeted range, hurt by cost inflation and a slump in prices of glyphosate-based weedkillers from last year’s highs. Bayer saw herbicide sales jump 44% in 2022 after Hurricane Ida damaged rival…
A look at the day ahead in U.S. and global markets from Mike Dolan Investor relief that ongoing U.S. disinflation takes pressure off the Federal Reserve to resume its 14-month interest rate rise campaign remains tempered by debt ceiling anxiety. While economists argue back and forth about the runes of April’s U.S. consumer price report,…
By Foo Yun Chee, Martin Coulter and Supantha Mukherjee (Reuters) -European lawmakers came a step closer to passing new rules regulating artificial intelligence tools such as ChatGPT, following a crunch vote on Thursday where they agreed tougher draft legislation. The European Union’s highly anticipated AI Act looks set to be the world’s first comprehensive legislation…
OSLO (Reuters) -Norway’s centre-left government said on Thursday it plans to spend an extra 56 billion Norwegian crowns ($5.3 billion) from its sovereign wealth fund in 2023 to compensate for soaring inflation and pay for aid to Ukraine. Cash spending from the $1.4 trillion fund is now expected to reach 372.6 billion crowns this year,…
