By Hamza Ibrahim KANO, Nigeria (Reuters) – In a small factory in Nigeria’s northern Kano city, Muhammad Khamis Umar stares at stacks of plastic products that have not been sold for over a week since new President Bola Tinubu scrapped a fuel subsidy, sharply driving up the cost of petrol. Most of Umar’s customers came…
By John Kruzel WASHINGTON(Reuters) – The U.S. Supreme Court on Monday declined to decide whether requiring criminal defendants to pay a fixed amount of cash bail to secure their release from jail before trial violates the U.S. Constitution. The justices turned away an appeal by Bradley Hester of a lower court’s ruling that upheld Cullman…
By Max Hunder KHERSON, Ukraine (Reuters) – For Kherson resident Iryna Radetska, the catastrophic flooding of her city after the giant Kakhovka dam was destroyed is the latest chapter in more than a year of wartime suffering. “They say a new love kills the old one. Maybe it’s the same with tragedy,” said 52-year-old Radetska,…
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s main two political forces both secured victories in regional elections, results showed early on Monday, but candidates for a new libertarian party that has rattled the political landscape lagged behind. Sunday’s vote in three northern provinces took place months before national primaries in August and a general…
By Steve Scherer OTTAWA (Reuters) – Despite the fastest monetary tightening cycle in the country’s history, Canada’s economy is still running hot, which forced the central bank to crank its key interest rate even higher to a 22-year high of 4.75% last week. Analysts are betting on another rate hike in July, to help the…
LONDON (Reuters) -Prime Minister Rishi Sunak said on Monday Britain could be the global home of artificial intelligence regulation as he pitched London as a tech hub to industry leaders and urged them to grasp the opportunities and challenges of AI. Sunak’s government will host a summit on the risks and regulation of AI later…
ZURICH (Reuters) – UBS followed up the announcement it had closed the takeover of stricken rival Credit Suisse on Monday with a raft of management changes. Here are the highlights: OUT Leaving the company: * Credit Suisse General Counsel Markus Diethelm. The bank appeared to be more willing to settle legal matters during his tenure…
By Nell Mackenzie LONDON (Reuters) – Odey Asset Management is not considering imposing exit restrictions on investors in any of its funds, a spokesperson said, as partners seek to sever ties with founder Crispin Odey following allegations of sexual misconduct against him. The Financial Times reported on Sunday that Odey Asset Management had been discussing…
MILAN (Reuters) -Four-time Italian prime minister and billionaire media tycoon Silvio Berlusconi, who died on Monday at the age of 86, never publicly indicated who should lead his business empire after his death. The future of his business interests will likely depend on how he has chosen to distribute his 61% stake in family holding…
(Reuters) – A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. It’s a big week for markets with interest rate decisions from the three major central banks coming one after another. And one take away from last week’s surprise rate increases in Canada and Australia, is not to take anything…
