(Fixes typo in first paragraph) By Joice Alves LONDON (Reuters) – European banks surged on Friday, rising to a one-month high, gaining support from U.S. lenders, which reported better-than-expected results in the first quarter. The STOXX 600 index of European banks gained as much as 3% to reach its highest since mid-March after JPMorgan, Citigroup…
PARIS (Reuters) – The Paris Club of creditor governments aims to start negotiations to restructure Sri Lanka’s debt, the group said on Friday after a creditor committee was set up this week. The Paris Club said the Japanese and Indian finance ministers along with its president and representatives of Sri Lanka set up a creditor…
MADRID (Reuters) – A 74-year-old Spanish man accused of sending a series of letter bombs in late 2022 will be bailed under supervision on Friday, after a high court judge concluded there was no risk that he would re-offend. Pompeyo Gonzalez Pascual, who faces terrorism charges for allegedly sending primed letters to six institutions including…
By Gwladys Fouche OSLO (Reuters) – Fifteen Russian diplomats expelled by Norway this week had sought to recruit sources, intercept communications and buy advanced technology, the Norwegian PST security police said on Friday. The diplomats’ real employers were the Russian GRU, FSB and SVR intelligence services, PST counterintelligence chief Inger Haugland told a news conference….
By Birsen Altayli and Can Sezer ISTANBUL (Reuters) – The deadliest earthquake in Turkey’s modern history has reawakened fears on the other side of the country that Istanbul is an even bigger disaster waiting to happen, sending hundreds of thousands scrambling to find safer homes. Some 5 million of the 16 million residents of Turkey’s…
By Ahmad Ghaddar LONDON (Reuters) – European Union and G7 restrictions on Russian oil exports led to a global shift in oil flows, with Asian refiners soaking up discounted Russian crude, in part explaining the recent OPEC+ decision to curtail output further, the West’s energy watchdog said on Friday. With the arrival of over three…
BERLIN (Reuters) – German Finance Minister Christian Lindner is planning an austerity package with a volume of up to 20 billion euros ($22.12 billion), Germany’s Der Spiegel reported on Friday. With the cuts, Lindner wants to close the funding gaps in the 2024 budget and at the same time create some leeway for unavoidable additional…
RIO DE JANEIRO (Reuters) – Brazilian Defense Minister Jose Mucio said late Thursday that countries such as Sweden and Colombia had expressed interest in buying Embraer’s KC-390 military cargo aircraft. Mucio said he held nearly 20 bilateral meetings during the LAAD defense and security fair this week and, in some of them, the KC-390 was…
By Yuka Obayashi and Katya Golubkova SAPPORO, Japan (Reuters) -Canada is ready to become a reliable provider of critical minerals to its international allies including Japan, a senior official said, as the Group of Seven (G7) countries deem such minerals essential for climate goals and energy security. Canada has signed a joint action plan with…
By Filipp Lebedev and Gleb Stolyarov (Reuters) -A Chinese company bought at least $7.4 million worth of copper alloy ingots from a plant in a Russian-annexed region of Ukraine that is subject to Western sanctions, according to Russian customs data reviewed by Reuters. China has not imposed any restrictions on trade with Russia, but the…
