By Andrea Shalal and Nandita Bose WASHINGTON (Reuters) -President Joe Biden will not negotiate over the debt ceiling during his meeting with four top congressional leaders on May 9, but he will discuss starting “a separate budget process” to talk about spending priorities, the White House said on Tuesday. Biden on Monday summoned the four…
KAMPALA (Reuters) -Uganda’s parliament on Tuesday passed one of the world’s strictest anti-LGBTQ bills mostly unchanged, including provision for long jail terms and the death penalty, after the president requested some parts of the original legislation be toned down. The new bill retains most of the harshest measures of the legislation adopted in March, which…
By Natalie Thomas and JEEVAN RAVINDRAN LONDON (Reuters) – Margaret Tyler’s fascination with the British royal family began as a child, when she would cut out photos of the now-King Charles III and his sister, Princess Anne. The 79-year-old, just four years older than the British monarch, is among the royal super fans who cannot…
By Leah Douglas WASHINGTON (Reuters) – The Biden administration will defend funding for climate-smart farming in the $430 billion U.S. Inflation Reduction Act (IRA) if Republican lawmakers seek to cut it during negotiations for the next farm bill, an official said Tuesday. The IRA, which aims to cut emissions across the U.S. economy, includes $20…
By Andy Sullivan and Jacqueline Thomsen WASHINGTON (Reuters) – The divided U.S. Congress is running out of time to raise the federal government’s $31.4 trillion debt ceiling, with the Treasury Department warning it could be unable to pay its bills as soon as June 1. If Congress fails to act, some legal experts say Democratic…
BERLIN (Reuters) – Germany needs to be decisive in consolidating its public finances and to set clear spending priorities, German Finance Minister Christian Lindner said on Tuesday. “The state can’t continue to spend more money than taxpayers provide,” he said at a press conference after the 27th meeting of the Stability Council on federal and…
By Andrea Shalal and Pete Schroeder WASHINGTON (Reuters) – JPMorgan Chase & Co’s deal to buy First Republic Bank pushed the Biden administration into a corner, leaving officials scrambling to explain how their stance against mergers squared with allowing the largest U.S. bank to get even bigger. At a White House event on small business…
By Vitalii and Hnidyi HRAKOVE, Ukraine (Reuters) – A Ukrainian farmer has come up with a novel way to remove mines left in his fields after Russia’s invasion — he’s kitted out his tractor with protective panels stripped from Russian tanks and operates it by remote control. After Russian forces were driven back from parts…
By Leika Kihara INCHEON, South Korea (Reuters) – Bank of Japan Governor Kazuo Ueda said on Tuesday the downside risks to Asia’s economy were smaller than those to other parts of the world, partly due to the region’s resilience to U.S. and European banking sector woes. His remarks underscore optimism over the outlook for Asia’s…
BERLIN (Reuters) – German Finance Minister Christian Lindner on Tuesday rejected a plan by Economy Minister Robert Habeck to introduce an industrial electricity price. Such a move would be “economically unwise” and it would contradict market principles to rely on direct state aid as a means to achieve industrial transformation, he wrote in a guest…
