By Iain Withers and Chiara Elisei LONDON (Reuters) – HSBC’s move to ditch its 45-floor Canary Wharf tower in favour of a much smaller development in central London is one of the most visible examples yet of an office downsizing trend that’s rocking commercial real estate markets globally. Europe’s largest bank told staff on Monday…
By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation. Despite the relentless rise in rates over the last 18 months, inflation…
By Andrew Gray BRUSSELS (Reuters) – Ukraine’s work with allies to build broad international support for a peace blueprint has made progress but any summit to endorse a document is at least months away, officials said. Senior officials from Ukraine, G7 countries, the European Union and nations such as Brazil, India, Saudi Arabia, South Africa…
WASHINGTON (Reuters) -The U.S. Army said on Monday it had selected General Dynamics and American Rheinmetall to compete to replace the Bradley fighting vehicle, in a deal that could be worth more than $45 billion to the winner. The two, narrowed from an original field of five, will get contracts to develop detailed digital designs…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Tuesday are set to open on the defensive, pressured by worries over inflation and ‘higher for longer’ interest rates globally more than fallout from the brief uprising by Russian mercenaries against the…
By Ismail Shakil OTTAWA (Reuters) -The aborted mutiny in Russia is an internal issue for Moscow and speculation over it could prove counterproductive, Canadian Prime Minister Justin Trudeau said on Monday, joining Western allies in taking a wait-and-see approach to a revolt that has sown doubt over President Vladimir Putin’s grip on Russia. Senior Russian…
By Gary McWilliams HOUSTON (Reuters) -A U.S. judge on Monday signaled he was prepared to go ahead with selling Venezuela-owned oil refiner Citgo Petroleum’s assets to satisfy creditor claims while pushing back against one of Venezuela’s key objections. U.S. District Court Judge Leonard Stark also will not seek permission to launch the auction without having…
(Reuters) -Russian President Vladimir Putin made a defiant televised address on Monday evening, saying he had deliberately let Saturday’s 24-hour mutiny by the Wagner militia go on as long as it did to avoid bloodshed, and that it had reinforced national unity. The statement, his first on the issue since he spoke on Saturday promising…
AMSTERDAM (Reuters) – Dutch computer chip equipment maker ASML may refuse job applicants on the basis of their nationality when required to do so by U.S. export rules, a Dutch human rights body has found. The decision by the Netherlands’ Institute for Human Rights affirmed that ASML may reject job applicants from Iran, Syria, Cuba…
By David Brunnstrom and Eric Beech WASHINGTON (Reuters) -U.S. Chief of Naval Operations Admiral Michael Gilday said on Monday the United States did not underestimate the difficulties ahead in realizing a three-nation project to supply Australia with nuclear-powered submarines and still did not know exactly where the initial batch of vessels would come from. U.S….
