BUDAPEST (Reuters) – Hungary abandoned a Budapest-based Russian bank this week because U.S. sanctions had “ruined” it, Prime Minister Viktor Orban said on Friday, adding that Hungary would comply with sanctions on Russia but continue to speak out against them. The NATO leader with the closest ties to Russia told state radio the United States…
By Hyonhee Shin SEOUL (Reuters) – North Korea says it has tested a new solid-fuel intercontinental ballistic missile (ICBM), its first known use of the propellant in a longer-range projectile, as it seeks the capability to launch with little preparation. Here are some characteristics of solid-fuel technology, and how it can help the North improve…
MOSCOW (Reuters) – Russia’s ambassador to the United States said Washington had threatened retaliation after Wall Street Journal reporter Evan Gershkovich was detained on espionage charges, and suggested it might be time to cut the number of U.S. journalists in Russia. Russia’s Federal Security Service (FSB) said on March 30 it had detained Gershkovich in…
BEIJING (Reuters) – Tesla Inc has set up a new-energy company in Shanghai with registered capital of $2 million, according to Tianyancha, a company information data provider. (Reporting by Beijing newsroom; Editing by Muralikumar Anantharaman)
A look at the day ahead in European and global markets from Wayne Cole. Singapore’s central bank sprang the surprise of the Asian day by halting its tightening cycle when markets had expected a sixth straight round of restraint. The Monetary Authority of Singapore (MAS) said there was enough currency appreciation – controlling the SGD…
By Stephen Nellis (Reuters) – Nvidia Corp said on Wednesday it is packing one of its mid-range chips for gamers with more artificial intelligence features to improve graphics, underscoring the importance of gaming for the company despite the segment’s slowing revenue. The new RTX 4070 chip, which Nvidia will start shipping on Thursday, will cost…
By Adriana Barrera and Lizbeth Diaz MEXICO CITY (Reuters) – Mexico and the United States on Thursday agreed to ramp up the fight against fentanyl trafficking, as well as Mexico’s Sinaloa and CJNG drug cartels and their supply chains, in joint bid to reduce consumption of the powerful opioid. The deal came after a meeting…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are poised to end the week on a positive note, spurred by a powerful rally on Wall Street and growing optimism that the Fed might achieve the holy grail of a ‘soft landing’ for the U.S….
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – Senior officials from the United States, Europe and Britain met on Thursday with financial institutions to brief them on efforts by Russia to evade Western sanctions imposed over its invasion of Ukraine, a senior U.S. Treasury official told reporters. The firms – from the United States,…
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva on Thursday warned policymakers against the danger of a new Cold War as they ramp up efforts to secure their industrial supply chains amid geopolitical tensions between major powers. “The question is, can we be more determined to enhance security…
