By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – China will be the elephant in the room at this week’s meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country — but also try to get Beijing’s cooperation in solving global debt problems. The conflicting goals…
By Nandita Bose VALHALLA, N.Y. (Reuters) -U.S. President Joe Biden piled pressure on Republican lawmakers on Wednesday to move quickly to raise the country’s $31.4 trillion debt ceiling or risk throwing the U.S. economy into a recession that would kill thousands of jobs. “We’ve got to fight. We’re going to win this fight,” Biden said…
By Khalid Abdelaziz and Aidan Lewis DUBAI (Reuters) – Fighting in Sudan’s capital escalated on Wednesday with fierce clashes and air strikes, but rival military factions were reported to be close to a ceasefire agreement in talks in Saudi Arabia. Residents reported ground battles in several neighbourhoods of Khartoum between the army and the paramilitary…
By Karen Freifeld and Sarah N. Lynch CENTRAL ISLIP, New York (Reuters) – U.S. Representative George Santos on Wednesday vowed to fight charges of fraud, money laundering and theft of public funds in the latest hit to the newly elected Republican, who has resisted calls to resign for lying about his resume. “It’s a witch…
By Andrea Shalal NIIGATA, Japan (Reuters) – Treasury Secretary Janet Yellen on Thursday will underscore the United States’ commitment to continue supporting Ukraine for as long as needed, while working with other rich nations to degrade Russia’s ability to wage war against its neighbor. Yellen identified redoubled support for Ukraine as one of her three…
By Dawn Chmielewski and Lisa Richwine (Reuters) -Walt Disney Co Chief Executive Bob Iger on Wednesday accused Florida politicians of retaliating against the company and questioned the state’s interest in the entertainment conglomerate’s continued investment in Walt Disney World. Disney has accused Florida Governor Ron DeSantis and his supporters of “weaponizing” the state government to…
By Patricia Zengerle WASHINGTON (Reuters) – U.S. congressional leaders on Wednesday put off debate on the National Defense Authorization Act, or NDAA, an annual bill setting policy for the Pentagon, as the must-pass legislation got caught up in debate over raising the country’s borrowing limit. House of Representatives Armed Services subcommittees had been scheduled to…
By Foo Yun Chee and Ilona Wissenbach BRUSSELS (Reuters) – Lufthansa suffered a setback on Wednesday after Europe’s second-highest court sided with Ryanair and annulled a European Union competition regulator’s decision clearing its state bailout. The court cited errors in the EU competition regulators’ decision to approve the German government’s 6-billion-euro ($6.60 billion) rescue package…
By Jason Lange, Gabriella Borter and Joseph Ax (Reuters) -Republican vulnerabilities on abortion policy are on display in Ohio, with the party playing defense against a surge in abortion rights activism that could help President Joe Biden and his Democratic Party in next year’s elections. The Republican-controlled legislature on Wednesday approved a measure intended to…
By Richard Cowan and David Morgan WASHINGTON (Reuters) – Detailed talks on raising the U.S. government’s $31.4 trillion debt ceiling kicked off on Wednesday with Republicans continuing to insist on spending cuts, the day after Democratic President Joe Biden and top congressional Republican Kevin McCarthy’s first meeting in three months. Time is tight to avoid…
