By Kirsty Needham SYDNEY (Reuters) -Australia will outline its defence plans on Monday, and its leaders are previewing a more assertive posture – in which it can strike farther, faster – while working with mid-size allies to reduce tensions as the United States and China square off. The Labor government of Anthony Albanese will lay…
A look at the day ahead in U.S. and global markets from Mike Dolan The signal is still lost in an awful lot of noise. Just when it looked like signs of a recessionary downturn were finally emerging in U.S. economic and earnings updates, European business seems to have picked up considerable steam this month…
By Lucy Raitano LONDON (Reuters) – Investors cut their cash holdings for the first time in eight weeks in the week to Wednesday, while shedding equities and gold, according to a report from BofA Global Research on Friday. Market focus has shifted to inflation and the outlook for monetary tightening in recent weeks as fears…
WASHINGTON (Reuters) – U.S. Vice President Kamala Harris planned to visit Miami on Friday, a White House official said, as she announces a $562 million investment in helping communities become more resilient to climate change. The trip coincides with U.S. President Joe Biden’s signing of an executive order that the White House said will direct…
By Brendan Pierson (Reuters) – Tobacco giant Altria Group Inc is set to face trial Monday in a lawsuit by San Francisco’s public school district accusing the company of fueling a teen vaping epidemic, along with e-cigarette maker Juul Labs Inc. The San Francisco Unified School District says teachers and staff “have had to go…
LONDON (Reuters) – Oscar-winning actor Kevin Spacey appeared by videolink for a brief hearing at a London court on Friday ahead of his trial on sex offence charges in June. Spacey has previously pleaded not guilty to 12 charges relating to alleged offences against four men, which are said to have taken place between 2001…
By Jack Queen (Reuters) – The eye-popping $787.5 million settlement Fox made to resolve the Dominion Voting Systems defamation lawsuit left unanswered one of the biggest questions in the case: was the Denver-based voting-technology company owed as much as it claimed? Dominion in its lawsuit said Fox News and parent company Fox Corp ruined its…
WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy has floated a plan that would pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the U.S. debt ceiling. His proposal does not include some of the more dramatic fiscal ideas floated by Republicans who control the House. Here are some possibilities…
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials remain set to raise interest rates at their May 2-3 meeting but key data between now and then, particularly a survey of bank lending officers, may shape how they weight the risks facing the U.S. economy and whether they decide to pause further increases. Since…
(Reuters) – The Kremlin said on Friday it was monitoring reports of a possible ban on exports to Russia by Western countries, and that new sanctions would damage the global economy. “We are carefully monitoring this, we are aware that both the U.S. and the EU are actively considering new sanctions,” Kremlin spokesman Dmitry Peskov…
