By Stefania Spezzati, Paritosh Bansal and America Hernandez (Reuters) – Qatar’s sovereign wealth fund, Credit Suisse’s second-largest investor, has explored seeking redress for losses incurred by the bank’s takeover, two people familiar with the matter said, as legal challenges to Switzerland’s state-backed rescue mount. The Qatar Investment Authority (QIA) sought legal advice on whether it…
By Nidal al-Mughrabi and James Mackenzie GAZA/JERUSALEM (Reuters) – Israel’s latest round of airstrikes against Palestinian militants in the Gaza Strip left familiar images of towering spirals of smoke and wailing sirens but none of the buildings left in rubble by the jets belonged to its main enemy, Hamas. Instead, the strikes targeted the Iranian-backed…
WASHINGTON (Reuters) – House Speaker Kevin McCarthy said on Wednesday that a deal to raise the U.S. debt ceiling limit was “do-able” by Sunday, the day President Joe Biden said he intended on holding a news conference on the issue. (Reporting by David Morgan; Writing by Doina Chiacu; Editing by Tim Ahmann)
By Sakura Murakami HIROSHIMA, Japan (Reuters) – The last time a U.S. president visited Hiroshima, atomic bomb survivor Shigeaki Mori was filled with hope for a future without nuclear weapons. Seven years later, he’s more sceptical. As leaders of the Group of Seven (G7) nations gather in the Japanese city this week for a summit,…
(Reuters) – Russia confirmed on Wednesday that a deal to allow Ukraine to export its grain safely across the Black Sea, despite Russia’s war in Ukraine, had been extended for two months. Foreign Ministry spokeswoman Maria Zakharova said the deal had been extended to help countries in need, but added that Russia’s overall assessment of…
BRASILIA (Reuters) – Brazil’s economic ministers on Wednesday highlighted the potential for monetary easing to kick off, while the central bank continued to signal caution due to concerns over expectations of rising inflation. “My understanding that there is room for a cut cycle is no offense,” Finance Minister Fernando Haddad said during a hearing at…
KYIV (Reuters) – Ukraine denied on Wednesday that a Russian hypersonic missile had destroyed a U.S.-made Patriot missile defence system during an air strike on Kyiv. Russia’s defence ministry made the assertion on Tuesday after an overnight air attack on the Ukrainian capital. Two U.S. officials later said a Patriot system had probably suffered damage…
By Asif Shahzad ISLAMABAD (Reuters) -Former Pakistani Prime Minister Imran Khan said on Wednesday that police had surrounded his house and that he expected to be rearrested soon, after the government warned him to hand over supporters who it blamed for attacks on the army. Khan was arrested by the army on May 9 on…
By Jacqueline Thomsen WASHINGTON (Reuters) – Tim Parlatore, an attorney who has represented Donald Trump in a pair of U.S. Justice Department investigations led by Special Counsel Jack Smith, said on Wednesday he has left the Republican former president’s legal team. Parlatore has represented Trump in Smith’s investigations into efforts by the former president and…
BRASILIA (Reuters) – Brazil faces challenges in consolidating disinflation despite progress made so far, central bank chief Roberto Campos Neto said on Wednesday, again highlighting concerns with rising inflation expectations. During his online participation in the bank’s annual conference, Campos Neto pointed out that inflation had dropped from 12.1% in April 2022 to 4.2% in…
