KYIV (Reuters) -Ukrainian units have ousted Russian forces from some positions in Bakhmut amid fierce battles, a top Ukrainian general said on Monday, as the White House believes that more than 20,000 Russian fighters have been killed in Ukraine since December. “The situation (in Bakhmut) is quite difficult,” Col. Gen. Oleksandr Syrskyi, the Ukrainian commander…
By Steve Holland and Katharine Jackson WASHINGTON (Reuters) -The White House on Monday estimated that Russia’s military has suffered 100,000 casualties in the last five months in fighting in the Bakhmut region and other areas of Ukraine. White House national security spokesperson John Kirby told reporters the figure, based on U.S. intelligence estimates, included more…
By Scott Murdoch, Niket Nishant and Chris Prentice (Reuters) -Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co on Monday, in a deal to resolve the largest U.S. bank failure since the 2008 financial crisis and draw a line under a lingering banking turmoil. First Republic was among regional U.S….
By David Morgan and Richard Cowan WASHINGTON (Reuters) – U.S. lawmakers responded to news that the federal government could be unable to pay its bills as soon as June 1 by digging in on partisan positions, even as Democratic President Joe Biden agreed to meet with lawmakers on the debt ceiling next week. Democratic Senate…
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said in a letter to Congress that the agency may be unable to meet all of its debt obligations as soon as June 1 if the debt ceiling is not raised, putting new urgency on talks in Congress. The date is sooner than an estimate Treasury made…
By Clotaire Achi and Stephane Mahe PARIS (Reuters) -French police clashed with hundreds of black-clad anarchists in Paris and other cities during union-led protests against President Emmanuel Macron’s increase in the retirement age, as workers staged Labour Day rallies across Europe. Demonstrators pelted Paris police with Molotov cocktails and fireworks, torched building materials and smashed…
INCHEON, South Korea (Reuters) – South Korea’s finance minister said on Tuesday that the trilateral cooperation between South Korea, Japan and China has became more important as the global economy stands at an inflection point. Minister Choo Kyung-ho said such cooperation would not only help the three countries, which account for more than 20% of…
By El Tayeb Siddig and Nafisa Eltahir KHARTOUM (Reuters) -The United Nations warned on Monday that the conflict in Sudan could force 800,000 people to flee the country as battles between rival military factions persisted in the capital despite a supposed ceasefire. Hundreds of people have been killed and thousands wounded over 16 days of…
GENEVA(Reuters) – Around a quarter of jobs are set to change in the next five years, according to a survey of employers published on Monday by the World Economic Forum (WEF), the organisation known for its annual meeting in Davos, Switzerland. Some 69 million jobs will be created and 83 million eliminated by 2027, it…
By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co could be liable to women who accused Jeffrey Epstein of sexual abuse if they can show that former executive Jes Staley had first-hand knowledge that the financier ran a sex-trafficking venture, a U.S. judge said on Monday. U.S. District Judge Jed Rakoff in Manhattan…
