LONDON/NEW YORK (Reuters) – Britain’s Prince Harry and his wife Meghan were pursued by photographers in New York on Tuesday in what the prince’s spokesperson described as a “near catastrophic car chase,” highlighting the often tense relationship between celebrities and photographers. Police in New York, however, described the encounter as relatively brief and said there…
By Andy Home LONDON (Reuters) – High-flying lithium has come crashing back to earth. A super-charged two-year rally, which saw Chinese spot lithium carbonate prices rise by tenfold, went into brutal reverse over the first part of this year. The spot price slumped by 70% between November and its low point in April. The battery…
HIROSHIMA, Japan (Reuters) – Leaders of the world richest democracies agreed on Friday to stiffen sanctions against Russia and pledged financial support for Ukraine in its fight against Russia’s invasion. Below are key extracts from the Group of Seven leaders’ statement. NEW SANCTIONS “we will broaden our actions to ensure that exports of all items…
A look at the day ahead in U.S. and global markets from Yoruk Bahceli. Markets are heading into the weekend basking in optimism that a debt ceiling deal to avert a catastrophic U.S. Treasury default will be struck soon. All eyes are on Sunday, when President Joe Biden holds a press conference. His team have…
By Joe Cash and Brenda Goh BEIJING (Reuters) – Global drugmaker AstraZeneca will seek to be a patriotic company in China that “loves the Communist Party”, its China president said at an event on Friday. Wang Lei, who is also the company’s global executive vice president, made the comments at an event in the eastern…
HIROSHIMA, Japan (Reuters) – Group of Seven (G7) leaders on Friday said they had ensured that Ukraine had the budget support it needs for this year and early 2024 as they renewed their commitment to provide financial and military support in its fight against Russia. “Today we are taking new steps to ensure that Russia’s…
By Matthias Williams, Olena Harmash and John O’Donnell LONDON/KYIV (Reuters) – Ukraine wants its allies to be bolder in imposing sanctions on Russia, including by targeting banks that provide financial services to serving soldiers, a senior adviser told Reuters. Vladyslav Vlasiuk, who advises President Volodymyr Zelenskiy’s chief of staff, also urged allies not to fear…
(Reuters) – Top advertising agency GroupM has told its clients that it no longer considers Twitter “high-risk” and is “cautiously optimistic” about the appointment of Linda Yaccarino as its new chief, the Financial Times reported on Friday. Yaccarino will take over the social media platform beset with challenges and a heavy debt load, after she…
By Sinead Cruise LONDON (Reuters) – A dearth of deals, banking sector ructions and most recently the aftershocks of the demise of Credit Suisse have rapidly redrawn the European financial services industry jobs map this year. One example is banks in the region opportunistically targeting high-flyers affected by the impending takeover of Switzerland’s second largest…
A look at the day ahead in European and global markets from Vidya Ranganathan Several key central bankers, including Fed Chair Jerome Powell, appear at a variety of events today, ensuring investors have plenty of commentary, and nearly similar synopses. The Bank of England’s Jonathan Haskel is up first. The messaging from the BOE after…
