By Robert Muller PRAGUE (Reuters) – The Czech government needs to dig deeper than it plans to shore up the state budget which has fallen to record deficits, and must act fast as the next election approaches, a senior budget watchdog official told Reuters. The centre-right government of Prime Minister Petr Fiala plans to cut…
By Jack Queen (Reuters) – One of the most closely watched U.S. media trials in decades kicks off in a Delaware court on Tuesday as Fox Corp and Fox News face a $1.6 billion defamation lawsuit by Dominion Voting Systems over the network’s coverage of false claims that the ballot-counter company rigged the 2020 presidential…
LONDON (Reuters) – As the need for climate action intensifies, governments and industries are exploring how to remove carbon dioxide (CO2) from the atmosphere. The U.S. government has offered $3.5 billion in grants to companies that will capture and permanently store the gas using a process known as Direct Air Capture (DAC). Here’s how the…
A look at the day ahead in U.S. and global markets from Mike Dolan With investors largely assuming recession ahead, an accelerating global economic pulse challenges the narrative and is seeing interest rates tick back higher again as the March banking wobble subsides. China’s economy grew at a faster-than-expected 4.5% pace in the first quarter,…
By Jasper Ward (Reuters) -Prosecutors charged an 84-year-old white Kansas City man with two felonies on Monday in the shooting of a Black teenager who was wounded after walking up to the wrong house when going to pick up his younger twin brothers. Andrew Lester was charged with first-degree assault, which could bring a sentence…
(Reuters) – A Moscow court was due to hear an appeal by U.S. reporter Evan Gershkovich on Tuesday against his arrest and detention on espionage charges. WHO IS GERSHKOVICH? Hired by the Wall Street Journal shortly before Moscow’s invasion of Ukraine last year, Gershkovich had been reporting on Russia for more than five years at…
By David Lawder WASHINGTON (Reuters) – The U.S. Internal Revenue Service declared on Tuesday that it is completing its first “normal” tax filing season since the COVID-19 pandemic struck in 2020, with a backlog of millions of unprocessed returns from previous years fully cleared. New IRS Commissioner Danny Werfel told reporters that the initial spending…
By Luc Cohen NEW YORK (Reuters) -U.S. federal agents arrested two New York residents for allegedly operating a Chinese “secret police station” in the Chinatown district of Manhattan on Monday in what prosecutors said was part of a crackdown on Beijing’s alleged targeting of dissidents. Lu Jianwang, 61, and Chen Jinping, 59, face charges of…
By Charlotte Greenfield (Reuters) – Afghanistan’s economy will contract, inflation will rise and liquidity will fall if there is a 30% drop in international aid as feared, according to an analysis by the United Nations’ development agency released on Tuesday. International officials say aid to Afghanistan, the recipient of the world’s largest humanitarian program, will…
KARUIZAWA, Japan (Reuters) – The United States is able to move forward with its relationship with China following President Joe Biden’s meeting with leader Xi Jinping last year, but that requires Beijing to make clear its own intentions, Washington’s top diplomat said on Tuesday. U.S. Secretary of State Antony Blinken made the comment at a…
