By Andy Bruce and William Schomberg LONDON (Reuters) -Britain’s economy shrank by less than expected in May despite a bank holiday to mark King Charles’ coronation and strikes, suggesting a widely forecast recession caused by high inflation and surging interest rates was not already under way. Economic output fell 0.1% in May from April, the…
DAMASCUS (Reuters) – Nesma Daher survived years of war in a Damascus suburb that was on the frontlines of Syria’s conflict. But well after the guns fell silent in her area and even as her country’s regional isolation thaws, she says life only gets harder. A widow from Douma, a rebel-held town until 2018 when…
By Idrees Ali ABOARD A U.S. MILITARY AIRCRAFT (Reuters) – Russia’s leadership is suffering a significant amount of “friction and confusion” since the Wagner mercenary group’s mutiny last month, but the impact it is having on front lines in Ukraine is still uncertain, the United States’ top general said on Thursday. The June 24 mutiny…
By Crispian Balmer and Angelo Amante ROME (Reuters) – Just as King Canute failed to hold back the seas, so Prime Minister Giorgia Meloni has floundered in her efforts to stop the flow of migrants to Italy since she took office last October. Despite pledges before last year’s national election that she would cut immigration,…
By John McCrank and Michelle Price WASHINGTON (Reuters) – Partnering with Coinbase Global may hinder rather than help Nasdaq’s bid to win regulatory approval for a bitcoin exchange-traded-fund it wants to launch with BlackRock. Nasdaq last month filed a proposal with the U.S. Securities and Exchange Commission (SEC) to launch an ETF by BlackRock that…
(This July 12 story has been refiled to remove an additional word in paragraph 1) By Guy Faulconbridge and Filipp Lebedev MOSCOW (Reuters) – Russia is decaying in a potent brew of absurdity and repression that is comparable to the Leonid Brezhnev-era of the Soviet Union, Oleg Orlov, one of Russia’s most respected human rights…
BENGALURU (Reuters) -Tesla is discussing an investment proposal with the Indian government to set up a factory with an annual capacity to produce about half a million electric vehicles, the Times of India reported on Thursday, citing government sources. The company, led by billionaire Elon Musk, is also looking at using India as an export…
By Tom Balmforth (Reuters) – The Ukrainian president’s performance at a NATO summit this week was vintage Volodymyr Zelenskiy: go in hard, push allies beyond their comfort zone, and go home with less than you said you wanted, but more than seemed likely only a few months ago. Zelenskiy left Western leaders in Vilnius with…
By Guy Faulconbridge MOSCOW (Reuters) – A Russian general said he had been dismissed as a commander after telling the military leadership about the dire situation at the front in Ukraine, where he said Russian soldiers had been stabbed in the back by the failings of the top military brass. After the June 24 mutiny…
By Guy Faulconbridge and Vladimir Soldatkin MOSCOW (Reuters) – Russian Foreign Minister Sergei Lavrov said on Thursday that he had not heard of any new proposals on the Black Sea grain deal which expires next week but was working with Turkey on ways to ensure Russian grain exports regardless of any deal. U.N. Secretary-General Antonio…