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…
(Reuters) – Montana took the unusual step on Wednesday of banning Chinese-owned short video app TikTok, with lawmakers of the sparsely populated western U.S. state saying they aimed to protect residents from alleged intelligence gathering by China. TikTok, which is wildly popular with American teens and owned by Chinese tech company ByteDance, is already banned…
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 Andrew Hay TAOS, New Mexico (Reuters) -The gunman who shot dead three elderly women as he prowled a New Mexico neighborhood firing at cars this week had legally purchased an assault-style rifle, one of three weapons he used in the rampage, a month after he turned 18, police said on Tuesday. The suspect, whose…
By Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co will shutter its immersive Star Wars-themed luxury hotel in Orlando this September, less than two years after it opened, as the media giant cuts costs throughout its entertainment and parks businesses. Disney announced the closing of the two-night “Star Wars: Galactic Starcruiser” hotel and experience…
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…
By James Pomfret and Engen Tham HONG KONG/SHANGHAI (Reuters) – Some Hong Kong-based staff with U.S. consultancy Mintz Group have left the city after the firm’s Beijing office was raided by Chinese police in March, according to two sources with direct knowledge of the matter. Investigations by Chinese authorities into Mintz, as well as U.S….
By David Lawder WASHINGTON (Reuters) -The U.S. and Taiwan reached agreement on the first part of their “21st Century” trade initiative, covering customs and border procedures, regulatory practices, and small business, the U.S. Trade Representative’s office said on Thursday. After the initial agreement of the U.S.-Taiwan Initiative on 21st Century Trade is signed, negotiations will…
(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…
