BOGOTA (Reuters) – Former Colombia presidential candidate and minister Oscar Ivan Zuluaga violated the law when he received money from disgraced Brazilian construction firm Odebrecht, the Colombian attorney general’s office said on Tuesday. Odebrecht and its parent company agreed in 2016 to pay $3.5 billion to settle bribery-related charges brought by U.S., Brazilian and Swiss…
By Tetsushi Kajimoto and Sakura Murakami TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida unveiled on Tuesday a package of wide-ranging measures to reverse a dwindling birthrate, saying the problem needed to be tackled as an ageing population threatens the world’s third-largest economy. Kishida’s flagship policy comes amid speculation that he will dissolve parliament’s lower house…
WASHINGTON (Reuters) – U.S. President Joe Biden hailed Tuesday’s inflation data as “good news for hard working families” and said there was more work to do to bring down the cost of living in the country, according to a statement released by the White House. U.S. consumer prices barely rose in May and the annual…
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management (OAM) is closing one fund and restricting money clients can pull from another, two investor letters showed, just as the hedge fund was scrambling on Tuesday to keep its prime brokers from ending vital relationships with the firm. These developments follow allegations of sexual misconduct by its…
N’DJAMENA (Reuters) – Thousands of Sudanese refugees who fled to Chad to escape fighting in their country could be cut off from humanitarian and medical aid during the approaching rainy season, medical charity Medecins Sans Frontieres (MSF) said on Monday. More than 100,000 people have fled across the border to Chad since conflict broke out…
LONDON (Reuters) – Analysts at leading investment banks expect Turkey’s new economic chiefs to start ramping up interest rates next week as part of a major reset of the country’s economic policies. President Recep Tayyip Erdogan, re-elected last month, has just appointed former U.S. banker Hafize Gaye Erkan as the new central bank governor. She…
By Nayera Abdallah and Nadine Awadalla CAIRO (Reuters) – Egypt is allocating 127.7 billion Egyptian pounds ($4.14 billion) for its sprawling food subsidy programme out of a 3 trillion pound budget for the financial year starting on July 1, a document seen by Reuters on Tuesday showed. Egypt, a nation of 105 million people, is…
By Cristiano Corvino MILAN (Reuters) -Supporters of former prime minister Silvio Berlusconi gathered outside his villa near Milan on a rainy Tuesday morning to honour the billionaire who dominated Italy’s politics, business and soccer world for nearly three decades. Berlusconi aged 86, three days after his readmission to the San Raffaele hospital in Milan, where…
By Brendan Pierson (Reuters) – The Biden administration on Monday finalized a deal to preserve the federal mandate requiring U.S. health insurers to cover preventive care like cancer screenings and HIV-preventing medication at no extra cost to patients while a legal challenge continues. The agreement, first disclosed on Friday and now finalized in a filing…
KYIV (Reuters) – Ukraine reported more gains in the early stages of its counteroffensive on Tuesday, but said Russian forces were “doing everything” they can to defend the territory they have occupied. Deputy Defence Minister said Ukrainian troops had advanced 250 metres (275 yards) near the small eastern city of Bakhmut, 200 metres on the…
