By Liliana Salgado PHOENIX (Reuters) -Asia, Europe and the United States baked under extreme heat on Monday as global temperatures soared toward alarming highs and U.S. leaders sought to reignite climate diplomacy with China. The United States was scorched by record-setting heat in the West and South, lashed with flood-triggering rain in the Northeast, and…
(Reuters) – France’s President Emmanuel Macron will visit Papua New Guinea next week, the latest world leader to visit the Pacific Islands nation which says it is “neutral ground” amid competition between China and the U.S. for influence in the region. Papua New Guinea’s Prime Minister James Marape said in a statement on Tuesday that…
LONDON (Reuters) – From Britain to Sweden and France, debt-laden firms are starting to feel the strain from high inflation and interest rates. Here’s a snapshot of some European companies whose financial woes are now in the spotlight. 1/ Thames Water Significance: Britain’s biggest water supplier. Size of debt: 14 billion pounds ($18.33 billion). What’s…
A look at the day ahead in European and global markets from Ankur Banerjee Markets are still reeling from China’s raft of unimpressive data and with the economic calendar now light, worries over a stuttering post COVID-19 recovery in the world’s second-biggest economy are likely to linger as Europe wakes up. The anaemic Chinese recovery…
BEIJING (Reuters) – China’s top economic planner pledged on Tuesday that it would roll out policies to “restore and expand” consumption without delay as consumers’ purchasing power remained weak, suggesting an urgency to revive domestic demand. The world’s second-largest economy grew at a frail pace in the second quarter, official data showed on Monday. Gross…
By Valerie Volcovici BEIJING (Reuters) – U.S. climate envoy John Kerry said it was “imperative that China and the United States make real progress” in the four months before U.N.-sponsored climate talks begin in Dubai, as waves of extreme heat and rainfall hit large parts of the globe. While Kerry met his counterpart Xie Zhenhua…
KYIV (Reuters) -Russia halted participation on Monday in the year-old U.N.-brokered deal that lets Ukraine export grain through the Black Sea, causing concern in poorer countries that price rises will put food out of reach. Hours earlier, a blast knocked out Russia’s bridge to Crimea in what Moscow called a strike by Ukrainian sea drones,…
By Anirban Sen NEW YORK (Reuters) -Microsoft Corp is in talks about an extension of its acquisition contract with video game maker Activision Blizzard, which is set to expire on Tuesday, so the parties can overcome the remaining regulatory hurdles to their $69 billion deal, a person familiar with the matter said on Monday. The…
By Michelle Nichols and Guy Faulconbridge UNITED NATIONS/MOSCOW (Reuters) -A deal allowing the safe Black Sea export of Ukraine’s grain for the past year expired on Monday after Russia quit and warned it could not guarantee the safety of ships in a move the United Nations said would “strike a blow to people in need…
By Diane Bartz WASHINGTON (Reuters) – The U.S. Federal Trade Commission is considering its options after stinging losses last week in its bid to stop Microsoft’s $69 billion deal to buy Activision, a source told Reuters on Monday amid expectations the agency’s fight is nearing the end. After two court losses last week, the agency’s…