By Aziz El Yaakoubi and Humeyra Pamuk RIYADH (Reuters) -Washington will press ahead with efforts to normalize diplomatic ties between its main Middle East allies Saudi Arabia and Israel, Secretary of State Antony Blinken said on Thursday. But he declined to say whether the United States would back Riyadh’s nuclear ambitions. At a joint news…
WASHINGTON (Reuters) – U.S. Senate Majority Leader Chuck Schumer on Thursday called on Agriculture Secretary Tom Vilsack to double the number of U.S. personnel available to help fight wildfires raging in Canada and to mitigate the risk to American air quality. The chamber’s top Democrat said he would send a letter to Vilsack laying out…
WASHINGTON (Reuters) – The International Monetary Fund on Thursday urged the U.S. Federal Reserve and other global central banks to “stay the course” on monetary policy and remain vigilant in combating inflation. IMF spokesperson Julie Kozack said inflation momentum has slowed in the United States, but remained a pressing concern. “If inflation does prove to…
By Jonathan Stempel NEW YORK (Reuters) -A U.S. appeals court on Thursday refused to reinstate a lawsuit by Amy Cooper, the white woman who became known as “Central Park Karen” after calling police on a Black bird-watcher, against the employer that fired her following the encounter. In a 3-0 decision, the 2nd U.S. Circuit Court…
NEW YORK (Reuters) -Goldman Sachs Group Inc. is planning for a period of sluggish growth and higher inflation, the bank’s president John Waldron said on Thursday, calling it “a mini-stagflation scenario.” There will be a tougher environment for capital markets and financing as CEOs remain cautious, Waldron told a Bloomberg conference on Thursday. “We’re planning…
By Lananh Nguyen NEW YORK (Reuters) – Bank of America Corp promoted the head of its Latin America business, Alex Bettamio, to co-head of global investment banking alongside Thomas Sheehan, according to a memo seen by Reuters on Thursday. The leadership change was one of several announced by the second largest U.S. bank. It also…
By Inti Landauro MADRID (Reuters) – The Court of Justice of the European Union rejected on Thursday rules set by the city of Barcelona that dramatically restrict the number of cars working with ride-hailing apps such as Uber. Barcelona had introduced a series of rules intended to reduce the number of drivers of private cars…
By Simon Jessop and Susanna Twidale LONDON (Reuters) – The world’s biggest asset manager BlackRock said it hopes to raise up to $7 billion for its fourth Global Renewable Power Fund as clients ramp up climate-friendly investments. The fund, focused on projects in Organisation for Economic Co-operation and Development countries, could invest across wind and…
(Reuters) – U.S. solar energy installations soared 47% in the first quarter, according to an industry report published on Thursday, as easing panel supplies alleviated industry gridlock and allowed many stalled big projects to be completed and connected to the grid. The solar industry had its best first quarter ever, installing 6.1 gigawatts (GW), an…
By Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG (Reuters) – Japanese insurer Tokio Marine Holdings has picked Goldman Sachs and Jefferies to work on the sale of its Southeast Asia life insurance business worth $1 billion, two sources with knowledge of the transaction said. The Tokyo-listed company is preparing to launch a sale process within…
