By Humeyra Pamuk HANOI (Reuters) -Vietnamese Prime Minister Pham Minh Chinh and U.S. Secretary of State Antony Blinken on Saturday expressed a desire to deepen their ties as Washington seeks to solidify alliances to counter an increasingly assertive China. In his first visit to the southeast Asian country as the top U.S. diplomat, Blinken…
By Riham Alkousaa BERLIN (Reuters) – Germany will pull the plug on its last three nuclear power stations by Saturday, ending a six-decade programme that spawned one of Europe’s strongest protest movements but saw a brief reprieve due to the Ukraine war. The smoking towers of Isar II, Emsland and Neckarwestheim II reactors were to…
By Nupur Anand, Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) -U.S. banking heavyweights reaped windfalls from higher interest payments in the first quarter, brushing off a crisis prompted by the collapse of two regional lenders and setting aside billions of dollars in case loans turn sour as the economic outlook dims. First-quarter 2023 earnings…
(Reuters) -Bank of England policymaker Silvana Tenreyro said past interest rate rises would take time to bear down on inflation, and that it was important not to over-adjust policy while the impact of these past rate rises was feeding through. “We need to be patient,” she said at a panel discussion hosted by the International…
By Steve Holland and Trevor Hunnicutt KNOCK, Ireland (Reuters) -U.S. President Joe Biden said on Friday he has decided to run for a second term and would formally announce his re-election campaign “relatively soon.” “We’ll announce it relatively soon. But the trip here just reinforced my sense of optimism about what can be done,” Biden…
By Kai Pfaffenbach and Manuel Ausloos NEAR BAKHMUT, Ukraine (Reuters) -A Russian missile strike killed eight people in eastern Ukraine on Friday as a British assessment said Ukrainian troops had been forced to withdraw from parts of the city of Bakhmut, the focus of Moscow’s slow advance through the region. Ukrainian troops have been doggedly…
By Sakura Murakami TOKYO (Reuters) -Foreign ministers of the Group of Seven nations will focus on the security of both Europe and the Indo-Pacific as they gather in Japan from Sunday against a worrying backdrop of the war in Ukraine and China’s growing assertiveness. The three-day meeting in the resort town of Karuizawa also…
By John Revill and Noele Illien ZURICH/BERN (Reuters) -Switzerland’s tradition of dependable consensus politics has taken a battering after the government used an emergency law to push through a state-backed mega-merger of UBS and Credit Suisse, sidelining the country’s parliament. Switzerland’s two parliamentary chambers voted to reject the government’s 109 billion Swiss francs ($122.82 billion)…
By Michel Rose and Elizabeth Pineau PARIS (Reuters) – Hours before France’s top judges breathed new life into his widely denounced plans to make people work longer for their state pensions, President Emmanuel Macron was his usual defiant self. “Never give up, that’s my motto,” he said, as he visited Notre-Dame on the anniversary of…
NEW YORK (Reuters) – Societe Generale SA agreed to pay $105 million to settle U.S. investor litigation accusing the French bank of violating antitrust law by conspiring with rivals to rig Euribor, a key European interest rate benchmark. A preliminary settlement was filed late Friday with the U.S. District Court in Manhattan, and requires a…