By David Lawder WASHINGTON (Reuters) -The World Bank on Monday named 15 chief executive officers including financiers and asset managers to a group launched by the lender’s president, Ajay Banga, aiming to marshal more private capital to combat climate change and boost investment in developing countries. The “Private Sector Investment Lab” will begin work in…
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Justice Department on Monday sought to block a judge’s order that barred some federal agencies and officials from communicating with social media firms about moderating content on their platforms in a decision stemming from a Republican-backed lawsuit against President Joe Biden’s administration. The department asked the New Orleans-based…
By Pete Schroeder WASHINGTON (Reuters) – The Federal Reserve’s top regulatory official laid out a sweeping plan to increase capital requirements for the nation’s largest banks in the wake of recent bank failures, a move that was immediately met with criticism from the industry. In a widely-anticipated speech, Fed Vice Chair for Supervision Michael Barr…
By David Milliken LONDON (Reuters) – Britain’s government and the Bank of England “will do what is necessary, for as long as necessary” to return inflation to its 2% target, finance minister Jeremy Hunt said on Monday, adding to signs that interest rates will stay high for some time. “Delivering sound money is our number…
By Ross Kerber (Reuters) – A new Missouri securities rule offers a template for Republican U.S. state officials who want to advance an “anti-woke” business agenda even as such ideas struggle for legislative backing. Missouri’s Republican secretary of state, John “Jay” Ashcroft, issued a rule on June 1 that requires broker-dealers to obtain consent from…
By Sabine Siebold VILNIUS (Reuters) – NATO leaders meet in Vilnius on Tuesday and Wednesday to tackle a wide range of topics, from divisions over Ukraine’s membership bid and Sweden’s accession to boosting ammunitions stockpiles and reviewing the first defence plans in decades. It will be the fourth NATO summit since Russia’s invasion of Ukraine,…
By Jack Kim SEOUL (Reuters) -North Korea accused the United States on Monday of violating its airspace by conducting surveillance flights and warned that, while Pyongyang was exercising restraint, such flights may be shot down. Provocative military actions by the United States were bringing the Korean peninsula closer to a nuclear conflict, an unnamed spokesperson…
By David Shepardson WASHINGTON (Reuters) -The White House will brief senators Tuesday on artificial intelligence in a classified setting as lawmakers consider adopting legislative safeguards on the fast-moving technology. The 3 p.m. ET briefing, organized by Senate Democratic Leader Chuck Schumer and other senators, will be the first-ever classified Senate briefing on AI and will…
By Andrew Osborn and Mark Trevelyan MOSCOW (Reuters) – President Vladimir Putin has held Kremlin talks with Wagner mercenary group founder Yevgeny Prigozhin and his commanders to discuss the armed mutiny Wagner attempted to mount against the army’s top brass, Putin’s spokesman said on Monday. The meeting was first reported by French newspaper Liberation, which…
By Sabine Siebold VILNIUS (Reuters) -NATO allies on Monday reached agreement on defence plans detailing how the alliance would respond to a Russian attack, overcoming a Turkish hurdle one day before leaders meet for a summit in Vilnius, five diplomats told Reuters. NATO had for decades seen no need for large-scale defence plans, as it…
