By Davide Barbuscia and Pete Schroeder NEW YORK/WASHINGTON (Reuters) – As talks over raising the U.S. government’s $31.4 trillion debt ceiling intensify, Wall Street banks and asset managers have begun preparing for fallout from a potential default. The financial industry has prepared for such a crisis before, most recently in September 2021. But this time,…
By Sachin Ravikumar and Kylie MacLellan LONDON (Reuters) – Britain promised Ukrainian President Volodymyr Zelenskiy long-range attack drones when he visited the country on Monday as part of European tour aimed at securing new weapons for a counteroffensive against Russia. Zelenskiy met Prime Minister Rishi Sunak at the British leader’s Chequers country residence, where the…
By Shivangi Acharya and Manoj Kumar NEW DELHI (Reuters) – India’s merchandise and services trade deficit narrowed to a 21-month low in April as imports dropped partly due to some slackening in demand for discretionary items and oil in the Asian economy. The merchandise and services deficit fell to $1.38 billion compared with $8.37 billion…
PARIS (Reuters) -Billionaire entrepreneur Elon Musk will meet French President Emmanuel Macron and other political leaders on Monday at a business conference close to Paris, the Elysee Palace said, confirming earlier media reports. Musk, the CEO of Tesla who bought social network Twitter in a $44 billion deal last year, will meet Macron at the…
By Agustin Marcarian GRAN CHACO, Argentina (Reuters) – In the vast Chaco forests of northern Argentina, Noole rests from the fierce sun in the scented shade of dark carob trees on a small farm where her family grows watermelons and potatoes to eat or sell at market. For Noole, an Indigenous Pilaga, and her brother…
By Ari Rabinovitch and Steven Scheer JERUSALEM (Reuters) – Many of the biggest and wealthiest cities in Israel went on strike on Monday over a plan to reallocate their tax income, opening a new front against the government that is already under pressure over a contested judicial reform. The strike, bringing school closures and a…
BEIJING (Reuters) -A 78-year-old U.S. citizen and Hong Kong resident was on Monday convicted of espionage and sentenced to life imprisonment by a court in eastern China, a court statement said. John Shing-wan Leung was also stripped of his political rights after a brief trial on Monday, the Suzhou Intermediate People’s Court said in the…
By Juan Gonzalez SANTA JUANA, Chile (Reuters) – In the southern Chilean city of Santa Juana, hit hard by wildfires earlier this year, locals have a special taskforce helping fight blazes: a herd of goats. The goats have already saved the native forest of the Bosques de Chacay once, preventing the park from being consumed…
BEIJING (Reuters) -A top Chinese envoy will begin a tour of Ukraine, Russia and other European countries on Monday in a trip Beijing says is aimed at discussing a “political settlement” to the Ukraine crisis. Li Hui, China’s special representative for Eurasian affairs and former ambassador to Russia, will also visit Poland, France, Germany on…
By Julia Harte (Reuters) -North Carolina Democratic Governor Roy Cooper on Saturday vetoed a bill that would ban most abortions after 12 weeks, a move the Republican supermajority in the state legislature is expected to quickly override, allowing the bill to become law. The measure would cut the window for most abortions in the state…
