By Huw Jones (Reuters) -The European Union on Tuesday proposed making it harder for states to pour billions of euros of aid into an ailing bank, as Italy did with Monte dei Paschi di Siena six years ago. Proposals from the EU’s executive seek to ensure that banks hold enough resources, in particular debt that…
WASHINGTON (Reuters) – U.S. Senate Republicans will block Democrats’ plans to temporarily replace Senator Dianne Feinstein on the committee that approves federal judges, the chamber’s top Republican, Mitch McConnell, said on Tuesday. That would make it harder for Democrats to confirm President Joe Biden’s appointments to the federal judiciary until Feinstein, 89, returns to the…
By Phil Stewart WASHINGTON (Reuters) – Britain on Tuesday played down the impact from the leaks of highly classified U.S. intelligence documents online, saying some of the information being circulated from them was untrue and manipulated, without offering specific examples. A 21-year-old member of the U.S. Air National Guard accused of leaking top secret military…
(Reuters) – Despite the second- and third-largest bank failures in U.S. history last month, the U.S. Federal Deposit Insurance Corporation remains on track to refill its deposit insurance fund ahead of a 2028 legal deadline, the head of the agency said Tuesday. At a public meeting of the Federal Deposit Insurance Corporation, Chairman Martin Gruenberg…
SHANGHAI (Reuters) -Global automakers, including Toyota and Volkswagen, took the stage at the Shanghai auto show on Tuesday with built-for-China and electric-drive products to compete for a high-stakes comeback in the world’s largest market. But after a year when trends have shifted sharply against the established foreign brands that once dominated in China, executives from…
By Mike Stone and Shivansh Tiwary (Reuters) -U.S. weapons maker Lockheed Martin Corp’s first-quarter results surpassed Wall Street targets on Tuesday despite parts and labor shortages, as simmering geopolitical tensions fueled demand from both U.S. and international customers. Shares of the company rose as much as 3.8% to hit a record high of $508.1 in…
(Reuters) -Britain’s competition regulator said on Tuesday it has launched a “Phase 1” probe into Amazon.com Inc’s planned $1.7 billion acquisition of iRobot Corp, which makes the Roomba vacuum cleaner. The probe launch by the UK watchdog comes at a time antitrust regulators, including those in the U.S. and the European Union, have become increasingly…
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) – The European Union agreed a 43-billion-euro ($47 billion) chip subsidies plan on Tuesday but the relatively modest budget, lack of a domestic market for cutting-edge chips and red tape could hamper efforts to catch up with the United States and Asia. The size of subsidies…
By Mrinmay Dey (Reuters) -Teck Resources Ltd has been approached by Vale SA, Anglo American Plc and Freeport-McMoRan Inc among others to explore deals for its base metals business if the Canadian copper miner goes ahead with a planned split, sources close to the matter told Reuters on Sunday. The approaches from more than six…
By Andrew Osborn MOSCOW (Reuters) -Russia’s Foreign Ministry summoned the U.S., British and Canadian ambassadors for a dressing down on Tuesday after they condemned the conviction of an opposition politician on treason charges. A Moscow court jailed Kremlin critic Vladimir Kara-Murza – who holds Russian and British passports – for 25 years on Monday after…
