TIRANA (Reuters) – Former U.S. President Bill Clinton, largely credited for ending the Kosovo war more than two decades ago, on Monday told Kosovo’s government to stop its actions in the Serb majority north, where tension has flared over the past few months. Kosovo’s northern region, home to 50,000 ethnic Serbs, has recently seen its…
By Katanga Johnson WASHINGTON (Reuters) – Gary Gensler, the head of the U.S. securities regulator, said on Monday the agency is weighing how it could extend investor protections afforded to users of exchanges and alternative trading platforms to crypto trading platforms. The expanded Securities and Exchange Commission (SEC) oversight would require the agency to register…
LONDON (Reuters) – Russia faces its first sovereign external default in over a century after it made arrangements to make an international bond repayment in roubles earlier this week, even though the payment was due in U.S. dollars. S&P on Saturday lowered the country’s foreign currency ratings to “selective default” on increased risks that Moscow…
WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy said on Thursday that he and Senate Majority Leader Chuck Schumer were committed to passing all spending bills by the Sept. 30 deadline. Lawmakers have until the current fiscal year expires on Sept. 30 to fund the government or risk a partial government shutdown. (Reporting…
By Elaine Lies TOKYO (Reuters) – Japanese supermarket owner Hiromichi Akiba has built his bustling business through close ties with his neighbourhood – the reason, he says, he can’t make the price hikes on his wares that would allow him to give his workers a pay rise. Steep price increases on surging raw materials costs…
By Laura Sanicola (Reuters) -Oil settled higher Thursday, with Brent crude topping $84 a barrel for the first time since April, supported by supply tightness following OPEC+ production cuts and renewed bullishness on the outlook for Chinese demand and global growth. Crude has posted four consecutive weekly gains on an expected tightening of supply because…
(Corrects to add dropped word in last bullet) (Reuters) – The upcoming Memorial Day weekend is expected to see millions of Americans travel despite tight budgets, kicking off the busy summer travel in the U.S on a high note. Here’s how the Memorial Day travel might look like: ROADTRIPS ** Cheaper gas is pushing more…
By John Revill ZURICH (Reuters) -UBS Group AG has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbour Credit Suisse – a surprise move that seeks to take advantage of his experience in rebuilding the bank after the global financial crisis. The trader turned corporate problem fixer faces the tough challenge of…
By Elizabeth Howcroft, Anton Bridge and Medha Singh LONDON/TOKYO/BENGALURU (Reuters) – People around the world are getting their eyeballs scanned in exchange for a digital ID and the promise of free cryptocurrency, shrugging off concerns among privacy campaigners and data regulators. Founded by Sam Altman, the CEO of ChatGPT developer OpenAI, the Worldcoin project says…
By Mathieu Rosemain and Gus Trompiz PARIS (Reuters) -French shipping group CMA CGM is offering 5 billion euros ($5.48 billion) for the logistics unit of Bollore, the family-run conglomerate said on Tuesday. For Bollore a deal would mean cutting ties with its biggest business while offering cash-rich CMA CGM a chance to bolster its bid…
