DUBLIN (Reuters) – Ireland could amass a 142 billion euro ($156 billion) sovereign wealth fund by 2035 and cover much of its future age-related costs if it invests all its forecast windfall corporation tax receipts, the finance ministry estimated on Wednesday. Ireland was one of the few euro zone countries to record a budget surplus…
(Reuters) – Several U.S. companies, including PepsiCo, Qualcomm and Cummins, struck a cautious note on their growth prospects in China, blaming what they said was a slower-than-expected recovery after the country lifted COVID curbs in December. China’s economy grew faster than expected in the first quarter but remarks from American companies with substantial operations in…
By Gabriela Baczynska BRUSSELS (Reuters) -European Union states were holding a first discussion on Wednesday on proposed new sanctions over Russia’s war in Ukraine that would target Chinese and Iranian firms and allow export curbs on third countries for busting trade restrictions. Talks among the EU envoys were set to be heated, according to one…
By David Dolan and Daniel Leussink TOKYO (Reuters) -A trio of European asset managers has submitted a shareholder proposal urging Toyota Motor Corp to improve disclosure of its lobbying on climate change, likely the first time such a resolution will go before the Japanese automaker’s investors. The move by the three funds, which collectively hold…
By Umit Ozdal and Daren Butler DIYARBAKIR, Turkey (Reuters) – Formerly a Tayyip Erdogan supporter, broadcaster Mehmet Dalgic switched allegiance to his main challenger after the ruling AK Party failed to offer sympathy for the destruction of his TV station in southeast Turkey in February’s earthquake. The lack of support was the final straw in…
By Arpan Chaturvedi, Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – Go Airlines (India) Ltd was granted bankruptcy protection on Wednesday, bolstering the country’s fourth-largest carrier chances of getting back on its feet, but lessors are expected to mount legal challenges to repossess planes. The low-cost carrier, recently rebranded as Go First, was plunged…
A look at the day ahead in U.S. and global markets from Mike Dolan The Federal Reserve’s willingness to end its interest rate rise campaign here hinges just a few high-frequency data points over the months ahead – and April’s inflation readout sits high on that list. With markets edgy about the U.S. debt ceiling…
(Reuters) -Britain is set to formally classify Russian mercenary force Wagner Group as a terrorist organisation as a way of increasing pressure on Russia, The Times newspaper reported on Tuesday. Wagner mercenaries have spearheaded Russia’s months-long assault on the Ukrainian city of Bakhmut. The Home Office has been building a case for two months and…
By Philip Pullella VATICAN CITY (Reuters) – It was a rare day at the Vatican on Wednesday as two popes shared the limelight in St Peter’s Square – Pope Francis and His Holiness Pope Tawadros II of the Coptic Orthodox Church. Tawadros, dressed in black robes, was the guest of honour at Francis’ general audience…
KYIV (Reuters) – Russian forces are planning to evacuate more than 3,000 workers from the town that serves the occupied Zaporizhzhia nuclear power plant, resulting in a “catastrophic lack” of personnel, Ukraine’s state-owned Energoatom company said on Wednesday. Last week, the head of the U.N.’s nuclear power watchdog, Rafael Grossi, said the situation around the…
