(Reuters) – The head of Russia’s Wagner mercenary group appeared on Sunday to ditch plans to withdraw his forces from Bakhmut in eastern Ukraine after receiving promises overnight that they would get all the arms needed to capture the devastated city. Yevgeny Prigozhin announced on Friday that his fighters, who have spearheaded the months-long assault…
By Saeed Azhar, David French and Tatiana Bautzer NEW YORK (Reuters) -The government-brokered purchases of First Republic, Signature and Silicon Valley banks have created a vicious cycle in which troubled lenders need to fail — and get government assistance — before buyers will step up, industry sources say. The latest case in point: The Federal…
(Corrects spelling of Westminster Abbey in dateline) By Rachel Armstrong WESTMINSTER ABBEY, London (Reuters) – The explosive crescendo of “Zadok the Priest”, Handel’s soaring anthem composed nearly 300 years ago for the crowning of King George III, marked the most sacred moment of Charles’ coronation on Saturday. Inside Westminster Abbey, where kings and queens have…
(Reuters) – Mage won the 149th running of the Kentucky Derby at Churchill Downs in Louisville, Kentucky, on Saturday to capture the first leg of U.S. thoroughbred racing’s Triple Crown. Mage, who finished second in the Florida Derby last month, finished the 1-1/4-mile race in two minutes and 1.57 seconds. The chestnut colt, who went…
(Reuters) -Air raid alerts blared for several hours overnight into early Sunday over roughly two-thirds of Ukraine, with officials saying that air defence systems shot down a number of drones, including one over Kyiv’s airspace. “During the last air alert, an enemy reconnaissance UAV (unmanned aerial vehicle) was detected in the airspace of Kyiv,” the…
By Jonathan Stempel, Carolina Mandl and John McCrank OMAHA/NEW YORK (Reuters) – Warren Buffett on Saturday criticized the handling of recent tumult in the banking sector and said a debt ceiling showdown could bring “turmoil” to the financial system, even as he offered a vote of confidence in the United States and his conglomerate Berkshire…
By Jonathan Stempel OMAHA, Nebraska (Reuters) – Warren Buffett’s Berkshire Hathaway Inc posted a $35.5 billion first-quarter profit on Saturday, reflecting gains from stocks such as Apple Inc, while higher investment income and a rebound at car insurer Geico bolstered operating results. Berkshire also sped up repurchases of its own stock, buying back $4.4 billion,…
By Andrew MacAskill LONDON (Reuters) -Police arrested the leader of anti-monarchy group Republic and 51 others at King Charles’s coronation on Saturday, saying their duty to prevent disruption outweighed the right to protest. Hundreds of yellow-clad demonstrators gathered among the 10-deep crowds lining the procession route in central London to stand out from those clad…
By Jonathan Stempel and John McCrank OMAHA, Nebraska (Reuters) – Warren Buffet on Saturday said he is more comfortable with Berkshire Hathaway Inc deploying capital in Japan than Taiwan, reflecting the growing tensions between the United States and China. The billionaire investor contrasted Berkshire’s recently increased investments in five Japanese trading houses with its recent…
By John McCrank NEW YORK (Reuters) – Warren Buffett on Saturday said Berkshire Hathaway is cautious around the banking sector, largely because of poor messaging by officials around government-insured deposits, as well as distorted incentives he said were brought on by banking regulation. A crisis of confidence in the U.S. banking sector has led to…
