By Emily Rose JERUSALEM (Reuters) -Florida Governor Ron DeSantis on Thursday brushed off legal action taken against him by Walt Disney Co, describing it as politically motivated and accusing the global entertainment giant of lacking accountability and transparency. Disney, in a lawsuit filed this week, accused the DeSantis administration of “weaponizing its power to inflict…
By Jesús Aguado MADRID (Reuters) -Spanish banking group BBVA reported a 39% rise in first-quarter net profit on Thursday, beating forecasts on the back of a solid performance in Mexico, its main market, and keeping a lid on deposits costs. BBVA’s profit of 1.85 billion euros ($2.04 billion) for the January to March period was…
DUBAI (Reuters) – The United Arab Emirates (UAE) and Cambodia have agreed on the terms of a bilateral trade deal, as the Gulf state looks to strengthen trade and commerce ties, particularly in Asia, in strategic economic sectors. The two countries concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA), as the trade agreement is…
JERUSALEM (Reuters) – Potential U.S. presidential candidate Ron DeSantis on Thursday hailed Israel as “one of the most valued and trusted” allies of his country as he visited Jerusalem during a foreign tour designed to burnish his prospects as a statesman. DeSantis noted his opposition, as Florida governor, to pro-Palestinian campaigns to isolate Israel, his…
By Patrick Werr CAIRO (Reuters) – Egypt’s economy will grow 4.0% this fiscal year and 4.5% next even as it endures a continuing depreciation in its currency, a Reuters poll showed on Thursday, in line with a government forecast for the current year. The country’s already vulnerable economy was shaken further by Russia’s invasion of…
By Khalid Abdelaziz and Nadine Awadalla KHARTOUM (Reuters) -Sudan’s army and a paramilitary force battled on Khartoum’s outskirts on Wednesday, undermining a truce in their 11-day conflict, but the army expressed willingness to extend the ceasefire. The army late on Wednesday said its leader, General Abdel Fattah al-Burhan, gave initial approval to a plan to…
MOSCOW (Reuters) -The United States gave JPMorgan permission to process payments for agricultural exports via the Russian Agricultural Bank, but the arrangement was no substitute for reconnecting the bank to the SWIFT system, two Russian sources told Reuters. Access to the SWIFT payment system for the Russian Agricultural Bank is one of Moscow’s main demands…
By Anant Chandak BENGALURU (Reuters) – Gulf Cooperation Council (GCC) economies will grow at a much slower pace in 2023 than last year as expectations for muted gains in crude prices and oil production cuts take a toll on revenues, a Reuters poll found. Oil prices have spiked nearly 20% since they hit this year’s…
By Khalid Abdelaziz KHARTOUM (Reuters) -Fighting flared anew in Sudan late on Tuesday despite a ceasefire declaration by the warring factions, as a U.N. envoy said the truce was partially holding even though there was no sign that the two sides were ready for serious talks. The Sudan Armed Forces (SAF) and paramilitary Rapid Support…
By David Lawder WASHINGTON (Reuters) – Rapid aging of both wealthy and middle-income countries will make their economies increasingly dependent on migration from poorer countries, and the process needs to be better managed, the World Bank said on Tuesday. The bank’s latest World Development Report said that about 184 million people across the world now…
