BERLIN (Reuters) – Germany’s powerful auto industry association is urging the European Union and Britain to postpone post-Brexit rules it says would hamper the transition to electric vehicles, potentially boosting the hand of UK-based carmakers calling for the same. Under the trade deal agreed when Britain left the EU, 45% of the value of an…
By Steve Holland WASHINGTON (Reuters) – President Joe Biden’s re-election campaign attempted to set the tone for the battle to come on Thursday, saying the incumbent Democrat will have many roads to victory in 2024. Despite polls showing tepid support for the 80-year-old president who would be 86 by the end of a second term,…
(Adds dropped word “not” in paragraph 7) (Reuters) – A Florida judge ruled in favor of Tiger Woods on Wednesday, rejecting his former girlfriend Erica Herman’s request to nullify a non-disclosure agreement she signed when they began dating in 2017, U.S. media reported, citing court documents. Herman had asked a judge to void the agreement,…
By Anisha Sircar and Divya Chowdhury (Reuters) – Equity markets in North Asia will outperform the broader region this year, buoyed by China’s reopening and a post-pandemic recovery-led earnings rebound, investors and strategists said. Liquidity from easing monetary and fiscal policy, along with Asian central banks’ early victory on inflation, is expected to defend against…
By Susan Heavey, Doina Chiacu, Andrea Shalal WASHINGTON (Reuters) -President Joe Biden and top U.S. congressional Republican Kevin McCarthy on Wednesday underscored their determination to reach a deal soon to raise the federal government’s $31.4 trillion debt ceiling and avoid an economically catastrophic default. After a monthslong standoff, the Democratic president and the speaker of…
By Sabine Siebold BRUSSELS (Reuters) – NATO will step back to the future at its Vilnius summit in July, with leaders set to approve thousands of pages of secret military plans that will detail for the first time since the Cold War how the alliance would respond to a Russian attack. The move signifies a…
By Matt Tracy (Reuters) -Many U.S. regional lenders may have to consider selling off commercial real estate (CRE) loans at a steep discount after breaching key regulatory thresholds for exposure to the troubled sector, according to new data and market sources. Regional banks, the largest lenders to the beleaguered U.S. CRE and construction markets, have…
BEIJING (Reuters) – Beijing’s special envoy noted there was no panacea to the war in Ukraine during a visit to Kyiv earlier this week, but urged all parties to create conditions for peace talks, China’s foreign ministry said on Thursday. Special envoy for Eurasian Affairs Li Hui visited Kyiv on Tuesday and Wednesday, where he…
WASHINGTON (Reuters) – Boeing Co said on Wednesday it is rolling out a data modeling tool aimed at helping airlines and policymakers determine the quickest, most efficient path to reducing aviation emissions to zero by 2050. The tool, known as Cascade, allows users to adjust different variables – such as the use of sustainable fuels…
By Jarrett Renshaw and Philip Blenkinsop (Reuters) – U.S. President Joe Biden’s Inflation Reduction Act (IRA), cheered by some Democrats and the White House as a milestone in the fight against climate change, has also rankled foreign allies and global companies with its economic protectionism and prompted a new subsidy race with Europe. Since the…
