LONDON (Reuters) – Earnings season gets into full swing, while the first snapshot of business activity in April could provide a sense of how much pain the turmoil in the banking sector has inflicted on the world economy. China and Britain release key economic data and officials from the Group of Seven nations talk climate…
By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) – Sudan’s army appeared to gain the upper hand on Sunday in a bloody power struggle with rival paramilitary forces, pounding their bases with air strikes, said witnesses. At least 97 civilians had been killed and 365 injured since the fighting in Sudan started, said one doctor’s…
By Steven Scheer JERUSALEM (Reuters) -Israel’s finance minister on Sunday said Moody’s decision to cut the outlook for Israel’s sovereign credit rating was “not a big drama” and reiterated his stance that the government’s plan to overhaul the judiciary would help the economy. But the head of Israel’s securities agency, who weighed in on the…
ABU DHABI (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Sunday again proposed establishing a group of countries not involved with the Russia-Ukraine war to broker peace, saying he had discussed the matter with Chinese counterpart Xi Jinping earlier this week. “I think we need to sit on a table and say, ‘that’s…
WASHINGTON (Reuters) – Banks in the Middle East and Central Asia have very limited exposure to last month’s banking turmoil in the United States and Europe, but financial pressures are adding to strains caused by high interest rates, volatile oil prices and years of double-digit inflation, a top IMF official said on Saturday. Jihad Azour,…
(Reuters) – People who encourage women to remove the hijab will be prosecuted in criminal courts and will have no right of appeal against any conviction, Iran’s deputy attorney general was quoted as saying on Saturday. His comments come as an increasing number of women have been defying Iran’s compulsory dress code, appearing unveiled in…
(Reuters) – Rovio Entertainment, the company behind the mobile game Angry Birds, confirmed on Saturday that it is in talks with Japan’s Sega Sammy Holdings Inc over a possible tender offer. Rovio announced the start of a strategic review and preliminary non-binding discussions regarding a potential tender offer for its shares in February, a statement…
By Steve Holland and Trevor Hunnicutt KNOCK, Ireland (Reuters) -U.S. President Joe Biden said on Friday he has decided to run for a second term and would formally announce his re-election campaign “relatively soon.” “We’ll announce it relatively soon. But the trip here just reinforced my sense of optimism about what can be done,” Biden…
By Marc Jones LONDON (Reuters) – Turkey’s lira is likely to drop sharply and could near 30 to the dollar following next month’s elections, bankers at JPMorgan have predicted, if it looks like only modest changes will be made to its unorthodox economic policies. Turkey’s tightly contested presidential and parliamentary elections on May 14 are…
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…