(Reuters) – HSBC is set to announce next month that the UK arm of Silicon Valley Bank will be renamed HSBC Innovation Banking, Sky News reported on Monday. The British government and the Bank of England facilitated a private sale of SVB UK to HSBC in March, in a move which would protect deposits without…
(Reuters) – Uganda’s tough new anti-LGBTQ law, which stipulates the death penalty for “serial offenders”, presents a conundrum for multi-nationals wanting to grow in Africa while promoting diversity and inclusion. A coalition of companies that includes Google and Microsoft said it was “deeply disappointed” by the bill signed into law on Monday. Here are some…
By Philip Pullella VATICAN CITY (Reuters) – The Vatican urged bishops and high-profile lay Catholic leaders on Monday to tone down their comments on social media, saying some were causing division and stoking polemics that harmed the entire Church. The appeal was part of a 20-page document by the Vatican’s communications department titled, “Towards Full…
By Tim Hepher and Valerie Insinna PARIS/WASHINGTON (Reuters) -Cathay Pacific Airways Ltd is close to placing an order worth around $2 billion for Boeing 777-8F freighters as the Hong Kong carrier embarks on the partial renewal of a fleet of dedicated 747 cargo jets, industry sources said on Monday. The selection follows a hard-fought battle…
NAIROBI (Reuters) – Kenya will sign a trade pact with Russia aimed at boosting cooperation between businesses, President William Ruto’s office said on Monday, after hosting Russian Foreign Minister Sergei Lavrov in Nairobi. Russia has stepped up its drive to boost economic ties with Africa to help offset a big chill in relations with the…
By Elizabeth Howcroft LONDON (Reuters) -European stock indexes edged lower on Monday and euro zone bond yields dropped, but news that the U.S. had reached a debt ceiling deal over the weekend kept Wall Street futures positive. U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal on Saturday to raise…
By Dhara Ranasinghe LONDON (Reuters) – The dollar nudged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite in world markets and dented the greenback’s safe-haven appeal. U.S. President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend…
HONG KONG/SHANGHAI (Reuters) – Tesla Chief Executive Elon Musk is expected to visit China this week, three people with knowledge of the matter said, in what would be his first trip to the country in three years. Musk is expected to meet senior Chinese officials and to visit Tesla’s Shanghai plant, two of the…
By Jason Lange WASHINGTON (Reuters) – The U.S. is rapidly approaching the deadline for Congress to pass a deal, reached over the weekend by Democratic President Joe Biden and top congressional Republican Kevin McCarthy, to suspend the government’s $31.4 trillion debt ceiling or risk a catastrophic default. WHEN WAS THE DEBT CEILING REACHED? Washington regularly…
By Steven Scheer JERUSALEM (Reuters) – Nvidia Corp said on Monday it was building Israel’s most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications. Nvidia, the world’s most valuable listed chip company, said the cloud-based system would cost hundreds of millions of dollars and be partly operational by the end…
