A look at the day ahead in U.S. and global markets from Mike Dolan. Well-choreographed brinkmanship over the debt ceiling standoff looks set to go down to the wire, while technology firms have once again become a battleground in tense geopolitics. Despite growing optimism last week about some bipartisan deal on lifting the U.S. debt…
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan’s military has struck back after an unprecedented challenge to its hegemony by the popular Imran Khan and his followers, but the nuclear-armed nation remains caught between its most powerful institution and the man who was once a firm ally. Khan’s arrest on corruption charges earlier this month,…
DUBLIN (Reuters) – Meta was hit on Monday with a record 1.2 billion euro ($1.3 billion) fine by its lead privacy regulator in the European Union for its handling of user information and given five months to stop transferring users’ data to the United States. The fine imposed by Ireland’s Data Protection Commissioner (DPC) concerned…
By Andy Sullivan and Jacqueline Thomsen WASHINGTON (Reuters) – President Joe Biden on Sunday said he believes he has the legal right to invoke the 14th Amendment of the U.S. Constitution to raise the federal government’s $31.4 trillion debt ceiling but does not have the time to do so. Some fellow Democrats have been urging…
By Kate Abnett BRUSSELS (Reuters) – The European Parliament has delayed a planned vote to approve new EU renewable energy targets, after France and other countries lodged last-minute opposition to the law last week, according to an internal email seen by Reuters. The vote in the Parliament’s energy committee had been due to take place…
BUCHAREST (Reuters) – Romanian teachers went on strike over pay on Monday for the first time since 2005 after last-minute negotiations with the coalition government failed. A new teacher in Romania takes home just under 2,400 lei ($537) per month, not much more than half the national average monthly take-home pay of 4,554 lei ($1,019)….
KYIV (Reuters) -Ukraine said on Sunday that its forces were still advancing around the edges of Bakhmut, aiming to encircle the ruined eastern city after Moscow congratulated the Wagner private army and Russian troops for capturing it. Russia said on Saturday it had completely taken Bakhmut, which, if confirmed, would mark an end to the…
BEIJING (Reuters) – China’s foreign ministry on Monday urged the United States to have the right understanding of China, meet it halfway and bring bilateral relations back on track. Mao Ning, a ministry spokesperson, made the remarks in response to U.S. President Joe Biden suggesting that a shift in U.S.-China relations could occur soon. (Reporting…
By Elaine Lies and Yoshifumi Takemoto TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida is increasingly certain to call a snap election, perhaps within weeks, as domestic support surges after a G7 summit that drew a surprise visit by Ukraine’s president. While an election for parliament’s more powerful lower house is not due until 2025,…
MELBOURNE (Reuters) -Australia has won the backing of the United States for development of its critical minerals industry after the two countries reached an agreement to coordinate polices and investment to support the industry’s growth. Australia supplies around half of the world’s lithium as well as other minerals like rare earths used in batteries for…
