LILLE, France (AP) — European Union interior ministers on Thursday were debating ways to beef up the 27-nation bloc’s borders, including by erecting walls or fences, and examine yet again how to kick-start desperately needed reforms to the EU’s malfunctioning asylum system. The EU has been mired in a deep political crisis since well over…
STOCKHOLM (AP) — Sweden on Thursday joined other European nations in saying it will remove coronavirus restrictions. “It is time to open Sweden again,” said Prime Minister Magdalena Andersson, announcing the restrictions would be removed from Feb. 9. Among the measures and recommendations that will be lifted, Sweden will allow people to return to restaurants…
FRANKFURT, Germany (AP) — The head of the European Central Bank said record inflation could linger for “longer than expected” and appeared to open the door at least a crack for an interest rate increase this year. Asked twice by journalists Thursday, Christine Lagarde declined to repeat previous comments that a rate hike was “very…
(Reuters) – Nasdaq 100 futures fell nearly 2% on Thursday as Facebook owner Meta Platforms’ disappointing forecast triggered a slump in other social media companies and threatened to upend a nascent recovery in stock markets. Meta tumbled 19.4% in premarket trading, as it posted a decline in global daily active users from the previous quarter…
MOSCOW (AP) — Russian President Vladimir Putin is heading to Beijing amid the soaring tensions over Ukraine on a trip intended to help strengthen Moscow’s ties with China and coordinate their policies in the face of Western pressure. Putin’s talks with Chinese President Xi Jinping on Friday will mark their first in-person meeting since 2019,…
(Corrects story published Jan. 27 to show in paragraph 4 that the gap between three- and six-month yields is at steepest since 2018, not 2015) A look at the day ahead from Sujata Rao. The world’s largest economy is predicted to https://www.reuters.com/world/us/us-economy-likely-regained-steam-q4-2021-growth-seen-best-37-years-2022-01-27record GDP growth at a 37-year high of 5.5%, with data due later on…
TOKYO (AP) — Nintendo’s profit for the nine months through December slipped 2.5%, as shortages of computer chips hurt production, the Japanese video game maker behind the Super Mario and Pokemon franchises said Thursday. Kyoto-based Nintendo Co. recorded a 367 billion yen ($3.2 billion) profit for the period, down from 377 billion yen the previous…
BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg expressed concern Thursday that Russia is continuing its military buildup around Ukraine, and that it has now deployed more troops and military equipment to Belarus that at any time in the past 30 years. More high-level diplomacy was expected in Moscow and Kyiv amid deep uncertainty about Russia’s…
LONDON (AP) — The Bank of England raised interest rates for the second time in three months on Thursday, putting the United Kingdom far ahead of the rest of Europe and the U.S. in moving to tame surging inflation that is squeezing consumers and businesses. The bank’s monetary policy committee voted 5-4 to boost its…
(This Feb 2 story adds dropped word “tech” in headline) By Katanga Johnson WASHINGTON (Reuters) – Global stocks rallied on Wednesday to close higher as strong earnings from U.S. technology companies and OPEC+ plans for moderate oil output helped to counter jitters over weak economic reports. Investors also shrugged off the pace of central banks’…
