By Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS (Reuters) – Chevron Corp’s renewed oil operations in Venezuela begin a new phase next month that will boost production with the goal of accelerating a plan to recover all of the $3 billion of debt owed by the OPEC member by the end of 2025, four people close…
A look at the day ahead in U.S. and global markets from Mike Dolan The Federal Reserve’s willingness to end its interest rate rise campaign here hinges just a few high-frequency data points over the months ahead – and April’s inflation readout sits high on that list. With markets edgy about the U.S. debt ceiling…
(Reuters) -Britain is set to formally classify Russian mercenary force Wagner Group as a terrorist organisation as a way of increasing pressure on Russia, The Times newspaper reported on Tuesday. Wagner mercenaries have spearheaded Russia’s months-long assault on the Ukrainian city of Bakhmut. The Home Office has been building a case for two months and…
KYIV (Reuters) – Russian forces are planning to evacuate more than 3,000 workers from the town that serves the occupied Zaporizhzhia nuclear power plant, resulting in a “catastrophic lack” of personnel, Ukraine’s state-owned Energoatom company said on Wednesday. Last week, the head of the U.N.’s nuclear power watchdog, Rafael Grossi, said the situation around the…
By Jessie Pang HONG KONG (Reuters) – Hong Kong’s legislature passed a legal amendment on Wednesday to prevent foreign lawyers working on national security cases, a restriction critics say will undermine fair trials and the right of defendants to choose their lawyers. The amendment enshrines in law a ruling from China’s top lawmaking body last…
TOKYO (Reuters) -Mitsubishi Heavy Industries on Wednesday said it expects to book record defence equipment orders this business year as Japan embarks on its biggest military expansion since World War Two. The government plan to double defence spending to around 2% of gross domestic product within five years includes subsidies to support Japan’s fractured defense…
ROME, May 10 (Reuters) – Italian industrial output was weaker than expected in March, falling 0.6% from February to register a third consecutive month of contraction, data showed on Wednesday. A Reuters survey of 20 analysts had pointed to a 0.3% monthly rise. On a work-day adjusted year-on-year basis, national statistics bureau ISTAT said output…
(Reuters) – Myanmar’s shadow government welcomes efforts by ASEAN chair Indonesia to kickstart peace talks in the strife-torn Southeast Asian nation but is deeply distrustful of the junta that took power in a 2021 coup, a spokesperson said on Wednesday. Leaders of the Association of Southeast Asian Nations (ASEAN) holding a summit in Indonesia have…
By Maya Gebeily BEIRUT (Reuters) – Having brought President Bashar al-Assad in from the cold, Arab states want him to rein in Syria’s flourishing drugs trade in exchange for even closer ties. But as Damascus makes its own demands, the way ahead appears far from simple. Arab states turned the page on years of confrontation…
COLOMBO (Reuters) – An International Monetary Fund (IMF) staff team will arrive in Sri Lanka on Thursday, a statement from the global lender said as the crisis-hit country prepares for the first review of a loan programme in September. The delegation will visit Sri Lanka during May 11-23 as part of regular consultations ahead of…
