TOKYO (Reuters) -Japan’s Seven & i Holdings said on Monday that talks have begun with Canada’s Alimentation Couche-Tard (ACT) over a store sale plan that would set the stage for ACT’s $47 billion takeover bid. Last week, the 7-Eleven convenience store operator named Stephen Dacus as its new CEO to lead a recovery and respond…
By Ju-min Park SEOUL (Reuters) – Police will be out in force, and subway stations and at least one school will be closed over safety concerns when South Korea’s Constitutional Court rules whether to oust or reinstate impeached President Yoon Suk Yeol. Yoon’s political fate hangs in the balance after his short-lived martial law decree…
By Jack Kim SEOUL (Reuters) – South Korean prosecutors will pursue President Yoon Suk Yeol’s conviction for insurrection despite a court decision ordering the release of the impeached leader from prison, the head of the prosecutors’ office said on Monday. Prosecutor General Shim Woo-jung said he respected the weekend court ruling but did not agree…
By Ankur Banerjee SINGAPORE (Reuters) – The dollar began Monday on a weak note after significant losses last week due to a potentially weakening U.S. labour market, while concerns over a global trade war led investors to safe havens, lifting the yen and the Swiss franc. Markets have been fixated on simmering trade tensions across…
By Bo Erickson and Jonathan Allen WASHINGTON (Reuters) – Columbia University’s interim president said the school is working to address the “legitimate concerns” of U.S. President Donald Trump’s administration after $400 million of federal government grants and contracts to the university were canceled over allegations of antisemitism on campus. In an announcement on Friday, the government…
By Joshua McElwee VATICAN CITY (Reuters) -Pope Francis is showing a “good response” to his treatment in hospital for double pneumonia and his overall condition is gradually improving, the Vatican said on Saturday. Francis, 88, has been in Rome’s Gemelli hospital for more than three weeks with a severe respiratory infection that has required continuously…
By Bo Erickson WASHINGTON (Reuters) -Republicans in control of the U.S. House of Representatives unveiled their six-month stopgap government funding bill on Saturday to avoid a potential government shutdown on March 14. The proposal would fund the government through September, the end of the 2025 fiscal year, and mostly maintain levels of spending passed during…
(Reuters) – Elon Musk’s satellite company SpaceX said Wednesday its Starlink unit has no intent to take over any Federal Communications Commission telecommunications contract, rejecting media reports. “Starlink is a possible partial fix to an aging system. There is no effort or intent for Starlink to ‘take over’ any existing contract,” SpaceX wrote on X….
By David Shepardson WASHINGTON (Reuters) -Billionaire Elon Musk, who is advising President Donald Trump on plans to radically shrink the U.S. government said Wednesday that the U.S. Postal Service and passenger railroad Amtrak should be privatized. “I think logically we should privatize anything that can reasonably be privatized,” Musk said at a Morgan Stanley conference….
By Medha Singh and Kanchana Chakravarty (Reuters) -Shares of U.S. companies have come under pressure from the latest escalation in Washington’s trade war, with the newest tariffs on Canada and Mexico expected to hit earnings in several sectors, including automakers, retailers and raw materials. President Donald Trump imposed 25% tariffs on imports from Mexico and…